Blockchain Technology in P2P Energy Trading Projects

   In this blog, the projects in the field of P2P Energy Trading that uses Blockchain Technology. This topic is widely spoken on many research journals and also it is being used in a real-world environment. Scroll down and get useful information about this research topic and begin to explore the field of Blockchain Technology in P2P Energy Trading.     

Blockchain Technology

   Blockchain technology is a promising solution introduced for the provisioning of security in a system. In the blockchain, it stores all the assets in ledgers and allows real-time access to miners and peers. It defines a bunch of transactional records that are stored in the public database as a chain structure. The process of hashing is carried out using the SHA256 algorithm which enables to improve the security. This technology is used on a variety of applications that include being presented for P2P energy trading.

Where can this Blockchain Technology Use?

• Authenticating the Deployed devices
• Secure Management of Device’s information
• Trust Value Prediction and Management
• Information present in a block is unable to be changed
• Ability to support scalability and operates efficiently in a short time

P2P Energy Trading using Blockchain Technology

    The concept of energy trading is nothing but electricity trading that is to sell and buy electricity from one unit to another at a reasonable cost. The concept of energy trading needs to exchange information of the bid values, generated amount of electricity, and so on. Actually, the bidding values in energy trading plays a vital role and it has to be transferred securely. The advantages of P2P Energy Trading are listed below.

• Minimize the utilization of electricity
• Improve efficiency in attaining profit from generated electricity
• Achievement of balance in generation and usage
• Distribution of energy resources
• Scheduled use of Heavy load and Low load devices
• Reduction in the Electricity Cost

    For this purpose, blockchain technology is incorporated in P2P energy trading. This energy trading is carried out based on the matching strategy between end-users. A microgrid is employed on residential locations for the generation of electricity and if the excess amount of electricity is generated, then it is traded.

Topics in P2P Energy Trading using Blockchain

• Permissioned Blockchain-smart contract for Energy Distribution
• Adaptive Cyber-Physical security provisioning
• Hyperledger Fabric Blockchain for Credit Management in Electricity trading
• Double auction mechanism based energy trading framework
• Energy trading in P2P with Scheduling scheme
• Recommendation system for Prosumer in 5G environment
• Fog computing integrated P2P Energy trading using Artificial Intelligence

    Above all, there are many interesting topics in the field of Blockchain technology in P2P Energy trading. The use of blockchain in the field of energy trading is becoming promising research that is widely used for real-time applications. In real-time, the requirement of security is at a peak, due to the increase in threats. Our team is ready to assist you on this particular topic and also beyond this topic.

      We offer assistance for services as proposal writing, implementation, paper writing, thesis writing, and others. Your preference will be considered as first priority and work until you are satisfied with your research thoughts. Join your hands with us and explore the field of research, then gain huge knowledge in it.