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Title Fostering Energy Transition in Smart Cities: DLTs for Peer-to-Peer Electricity Trading
ID_Doc 23394
Authors Montakhabi, M; van der Graaf, S; Madhusudan, A; Sarenche, R; Mustafa, MA
Title Fostering Energy Transition in Smart Cities: DLTs for Peer-to-Peer Electricity Trading
Year 2021
Published
DOI 10.1109/DCOSS52077.2021.00078
Abstract 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.
Author Keywords Smart cities; DLT; blockchain; energy transition; P2P energy trading; ecosystem; token economy
Index Keywords Index Keywords
Document Type Other
Open Access Open Access
Source Conference Proceedings Citation Index - Science (CPCI-S)
EID WOS:000786417600065
WoS Category Computer Science, Hardware & Architecture; Computer Science, Information Systems; Computer Science, Theory & Methods; Engineering, Electrical & Electronic; Remote Sensing
Research Area Computer Science; Engineering; Remote Sensing
PDF https://research.utwente.nl/files/293080005/Montakhabi_2021_Fostering_energy_transition_in_smar.pdf
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