Blockchain-Based Energy Trading in Electric-Vehicle-Enabled Microgrids
Ifiok Anthony Umoren, Syeda Sanober Ali Jaffary, Muhammad Zeeshan Shakir, Konstantinos Katzis, Hamed Ahmadi · IEEE Consumer Electronics Magazine · 2020
This article presents a blockchain-based scheme for energy trading between electric vehicles (prosumers) and critical load (consumer) in a logical network. Unlike traditional wholesale energy markets where retailers sell energy to consumers, our proposed model directly connects prosumers with consumers to meet temporary energy demands. We exploit blockchain technology to establish a trusted energy trading ecosystem and develop an application to remotely monitor energy trading activities between trading entities. Experimental results illustrate that the energy trading system is effective in finding, associating, and routing prosumers to consumers, while protecting privacy of entities. Numerical results show a favorable performance of our optimization model in comparison to traditional frameworks.