Reliability and Performance Verification of a Blockchain-Based Direct Power Trading Platform
Energy transition has become a global trend, with renewable energy being actively developed as a key strategy for achieving carbon neutrality.As interest in renewable energy grows, innovative technologies are emerging in the electric power industry.Small-scale distributed power-generation companies are gaining traction to increase the share of renewable energy.Even when small-scale power generation companies generate electricity, selling it remains a challenge.In this study, we developed a blockchain-based power-trading platform to support small-scale solar power generation companies.The platform was tested through simulations, confirming its reliability and performance.This blockchain-based power-trading platform is expected to play an important role in promoting the decentralization of the power market and energy transition through neighbor-to-neighbor transactions among energy prosumers.
Authors
- Jaewon Lee (ORCID: https://orcid.org/0000-0002-4626-0807)
- J. Hyun
- Hansol Lee (ORCID: https://orcid.org/0000-0001-6776-410X)
- J.S. Yoon (ORCID: https://orcid.org/0000-0001-7832-2921)
- Sungmin Woo
- Byung-Hoon Chang
Institutions
- Electric Power Research Institute (US)
- J-Power (Japan) (JP)
- Next Energy Technologies (United States) (US)
Publication Details
- Journal
- Journal of the Korean Solar Energy Society
- Published
- 2025-08-30
- DOI
- https://doi.org/10.7836/kses.2025.45.4.017
- Primary Topic
- Smart Grid Energy Management
- Type
- article
- Field-Weighted Citation Impact
- 0.00