Distributed double auction for peer to peer energy trade using blockchains

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dc.contributor.author Thakur, Subhasis
dc.contributor.author Hayes, Barry P.
dc.contributor.author Breslin, John G.
dc.date.accessioned 2019-03-26T12:23:45Z
dc.date.available 2019-03-26T12:23:45Z
dc.date.issued 2018-09
dc.identifier.citation Thakur, S., Hayes, B. P. and Breslin, J. G. (2018) 'Distributed double auction for peer to peer energy trade using blockchains', 2018 5th International Symposium on Environment-Friendly Energies and Applications (EFEA), Rome, Italy, 24-26 September. doi:10.1109/EFEA.2018.8617061 en
dc.identifier.startpage 1 en
dc.identifier.endpage 8 en
dc.identifier.isbn 978-1-5386-5518-4
dc.identifier.isbn 978-1-5386-5517-7
dc.identifier.uri http://hdl.handle.net/10468/7677
dc.identifier.doi 10.1109/EFEA.2018.8617061
dc.description.abstract In this paper we use the blockchain technology to develop a peer to peer energy trade platform without a trusted third party. Our main contribution is a novel distributed double auction mechanism which allows any peer to act as an auctioneer and the blockchain mechanism ensures that a peer behaves lawfully while acting as an auctioneer. Using experimental evaluation we show that (1) the distributed auction converges quickly, (2) it minimizes energy loss due to long transmission, (3) computational overhead due to employing a blockchain is negligible, (4) it is efficient and (5) it can implement trade restrictions imposed by the energy distribution network. en
dc.description.sponsorship Enterprise Ireland (Contract reference number TC-2013-0002B) en
dc.description.uri http://soe.northumbria.ac.uk/efea2018/ en
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.publisher Institute of Electrical and Electronics Engineers (IEEE) en
dc.relation.ispartof 2018 5th International Symposium on Environment-Friendly Energies and Applications (EFEA)
dc.relation.uri https://ieeexplore.ieee.org/document/8617061
dc.rights © 2018, IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works. en
dc.subject Distribution networks en
dc.subject Electronic commerce en
dc.subject Peer-to-peer computing en
dc.subject Energy distribution network en
dc.subject Trade restrictions en
dc.subject Energy loss en
dc.subject Distributed auction converges en
dc.subject Blockchain mechanism en
dc.subject Auctioneer en
dc.subject Double auction mechanism en
dc.subject Peer energy trade platform en
dc.subject Blockchain technology en
dc.subject Distributed double auction en
dc.subject Blockchain en
dc.subject Protocols en
dc.subject Energy exchange en
dc.subject Games en
dc.subject Silicon en
dc.subject Public key en
dc.subject Microgrid energy trade en
dc.subject Double auction en
dc.title Distributed double auction for peer to peer energy trade using blockchains en
dc.type Conference item en
dc.internal.authorcontactother Barry Hayes, Electrical & Electronic Engineering, University College Cork, Cork, Ireland. +353-21-490-3000 Email: barry.hayes@ucc.ie en
dc.internal.availability Full text available en
dc.date.updated 2019-03-26T12:07:47Z
dc.description.version Accepted Version en
dc.internal.rssid 479190812
dc.contributor.funder Enterprise Ireland en
dc.contributor.funder Science Foundation Ireland en
dc.contributor.funder European Regional Development Fund en
dc.description.status Peer reviewed en
dc.internal.copyrightchecked Yes en
dc.internal.licenseacceptance Yes en
dc.internal.conferencelocation Rome, Italy en
dc.internal.IRISemailaddress barry.hayes@ucc.ie en
dc.relation.project info:eu-repo/grantAgreement/SFI/SFI Research Centres/12/RC/2289/IE/INSIGHT - Irelands Big Data and Analytics Research Centre/ en

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