💠Solution

Transparent and reliable integrated energy control based on blockchain.

The existing centralized trading of the electricity market model is insufficient to fulfill the trading demands of distributed energy, given the rapid growth of distributed renewable energy (DRE), demand response (DR) programs, and the concept of the energy internet. As a decentralized and autonomous system, blockchain technology, in its distributed accounting paradigm, is well suited to the needs of distributed energy taking part in the energy marketplace.

Energy blockchain is power control and mediation system that stores all of the key data of producers, suppliers, and ESS(Energy Storage)-traders in blockchain to disclose transaction information to a distributed ledger, acting as the ultimate transparent P2P power trade. Trades are easier and trade expenses are decreased since everyone becomes a supplier and customer. This is due to the fact that energy, rather than papers or cash, is traded online. Energy supply is efficiently activated in blockchain-based energy trading because energy may be freely sold regardless of providers or consumers.

Energy demand may be identified using various energy data collected in the blockchain. Allowing customers to provide and exchange as much energy as they require can reduce energy waste. These benefits can be put to good use in small-scale distributed power trading. It may be used to augment renewable energy with irregular power output in a micro-grid, which generates and provides renewable energy to users on its own. In other words, energy blockchain technology offers more cost-effective energy by enabling steady and transparent electricity.