Application of Blockchain Technology in Distributed Generation Marketized Transaction

Hu Yan, Bibin Huang, Qionghui Li, Yang Zhang · 2019

In open market environment, the number of prosumers is huge, and their self-interest makes them more demanding on fairness, privacy and non-discrimination. Blockchain technology has characteristics of decentralization, transparency, security and credibility. Introducing ideas and technologies of blockchain into distributed generation transactions, makes transactions based on the principle of cryptography, so that the whole transaction will be transparent, safe, non-discriminatory and fully automated, effectively avoiding problems such as low efficiency, high cost and low transparency of centralized transactions. This paper first analyzes the traditional distributed generation transaction architecture and characteristics. Secondly, it proposes a distributed generation transaction architecture based on blockchain technology. Then it describes the specific application mechanism of blockchain technology in intelligent power purchase contract and measurement certification. At last, conclusions of this paper are given.

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