Real time energy market for lv distribution networks in smart grid using blockchain technology

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dc.contributor.authorHasaranga, NS
dc.contributor.authorNanayakkara, NSADS
dc.contributor.authorBotheju, WYUN
dc.contributor.authorDe Silva, DS
dc.contributor.editorPiyatilake, ITS
dc.contributor.editorThalagala, PD
dc.contributor.editorGanegoda, GU
dc.contributor.editorThanuja, ALARR
dc.contributor.editorDharmarathna, P
dc.date.accessioned2024-02-06T05:05:41Z
dc.date.available2024-02-06T05:05:41Z
dc.date.issued2023-12-07
dc.description.abstractThis paper presents a novel blockchain-based approach for establishing a decentralized real-time energy market in low voltage (LV) distribution networks. As the integration of distributed energy resources (DERs) surges and efficient energy management becomes imperative, demand for a transparent marketplace grows. Blockchain ensures secure, peer-to-peer energy trading among prosumers via smart contracts, ensuring real-time transaction validation. Utilizing the Corda blockchain architecture, transaction data relevant to each node is stored, safeguarding privacy, confidentiality, and immutability. The developed user-friendly web interface enables users to initiate, modify, and accept proposals, granting them control over transactions and promoting overall efficiency. This approach fosters a sustainable energy ecosystem, encouraging clean energy adoption and grid efficiency, thus pioneering the way to a decentralized, efficient, real-time energy market.en_US
dc.identifier.conference8th International Conference in Information Technology Research 2023en_US
dc.identifier.departmentInformation Technology Research Unit, Faculty of Information Technology, University of Moratuwa.en_US
dc.identifier.emailsahanhasaranga885@gmail.comen_US
dc.identifier.emaildnanayakkara68@gmail.comen_US
dc.identifier.emailyohanumesh8@gmail.comen_US
dc.identifier.emailsaman@eie.ruh.ac.lken_US
dc.identifier.facultyITen_US
dc.identifier.pgnospp. 1-6en_US
dc.identifier.placeMoratuwa, Sri Lankaen_US
dc.identifier.proceedingProceedings of the 8th International Conference in Information Technology Research 2023en_US
dc.identifier.urihttp://dl.lib.uom.lk/handle/123/22176
dc.identifier.year2023en_US
dc.language.isoenen_US
dc.publisherInformation Technology Research Unit, Faculty of Information Technology, University of Moratuwa.en_US
dc.subjectReal time energy marketen_US
dc.subjectBlockchain technologyen_US
dc.subjectLV distribution networken_US
dc.subjectEnergy transactionsen_US
dc.titleReal time energy market for lv distribution networks in smart grid using blockchain technologyen_US
dc.typeConference-Full-texten_US

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