TY - GEN
T1 - Fostering Energy Transition in Smart Cities: DLTs for Peer-to-Peer Electricity Trading
AU - Montakhabi, Mehdi
AU - Graaf, Shenja van der
AU - Madhusudan, Akash
AU - Sarenche, Roozbeh
AU - Mustafa, Mustafa A.
PY - 2021/6/15
Y1 - 2021/6/15
N2 - This paper explores the applications of Distributed Ledger Technologies (DLTs) in Peer-to-Peer (P2P) electricity trading. It highlights the challenges and trade-offs of applying three different DLTs: Blockchain, Directed Acyclic Graph (DAG), and Holochain. First, the study introduces the energy transition concept in the smart city context. Second, P2P electricity trading and its supporting trading mechanisms are introduced. Third, DLTs are defined and three different types of DLTs are introduced. Forth, possibilities, challenges, and consequences of applying DLTs in electricity trading are explained. Last, applying DLTs for P2P electricity trading from different aspects are discussed. This paper provides a benchmark for applying DLTs to foster energy transition in smart cities. It highlights how this type of technology can serve smart circular economy.
AB - This paper explores the applications of Distributed Ledger Technologies (DLTs) in Peer-to-Peer (P2P) electricity trading. It highlights the challenges and trade-offs of applying three different DLTs: Blockchain, Directed Acyclic Graph (DAG), and Holochain. First, the study introduces the energy transition concept in the smart city context. Second, P2P electricity trading and its supporting trading mechanisms are introduced. Third, DLTs are defined and three different types of DLTs are introduced. Forth, possibilities, challenges, and consequences of applying DLTs in electricity trading are explained. Last, applying DLTs for P2P electricity trading from different aspects are discussed. This paper provides a benchmark for applying DLTs to foster energy transition in smart cities. It highlights how this type of technology can serve smart circular economy.
M3 - Conference contribution
BT - 3rd IEEE International Workshop on Smart Circular Economy
ER -
