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LabChain: an Interactive Prototype for Synthetic Peer-to-Peer Trade Research in Experimental Energy EconomicsJohanning, Simon, Retzlaff, Nancy, Lämmel, Philipp, Dittwald, Benjamin, Bruckner, Thomas 20 October 2023 (has links)
Blockchain-based peer-to-peer (P2P) electricity markets
received considerable attention in the past years, leading to a
rich variety of proposed market designs. Yet, little comparability
and consensus exists on optimal market design, also due to a
lack of common evaluation and benchmarking infrastructure.
This article describes LabChain, an interactive prototype as
research infrastructure for conducting experiments in (simulated)
P2P electricity markets involving real human actors. The software
stack comprises: (i) an (open) data layer for experiment
configuration, (ii) a blockchain layer to reliably document bids
and transactions, (iii) an experiment coordination layer and (iv)
a user interface layer for participant interactions.
As evaluation environment for human interactions within a
laboratory setting, researchers can investigate patterns based
on energy system and market setup and can compare and
evaluate designs under real human behavior allowing alignment
of intentions and outcomes. This contributes to the evaluation
and benchmarking infrastructure discourse.
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Blockchain-based Peer-to-Peer Energy TradeJohanning, Simon, Bruckner, Thomas 19 October 2023 (has links)
Motivated by numerous drivers, blockchain-based
peer-to-peer energy trade whitepapers surged in the past two
years. Assuming disruption through blockchain technology, they
envisioned a transformation of energy systems through technosocio-
economic solutions.
Few impartial and sober assessments of blockchain-based
energy projects exist, and many publications praise disruptive
potential without further examination. A more distant and
critical perspective, however, is imperative for a responsible use
of a novel, in particular disruptive, technology.
This review aims at surveying the energy system envisioned
by the projects through discussing the projects by their characteristics,
their perspective on the transactive energy lifecycle
and the energy ecosystem envisioned in the white papers. This
review is descriptive and comparative in nature, and attempts to
synthesize topics raised in the white papers through methods of
grounded theory, as well as assessing the disruptive potential of
blockchain technology in energy systems.
Through this and a critical and neutral perspective, it strives to
(soberly) contribute to a discussion on the digitization of elements
of the energy system, and how blockchain-based use cases can
contribute constructively to the problems at hand.
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Scope of BlockChain Technology in Energy Sector.Khan, Muhammad Shoaib Arshad January 2019 (has links)
World energy systems are going through a continuous change. The focus has been shifted from large thermal or hydal power generation to small distributed generation, mainly based upon renewable energy systems. This transition is also backed by some governments. There have also been significant improvements in grid technology, and modern-day smart grid can provide real time bi-directional flow of data i.e. “real time energy deficit and surplus, and also real time prices to both producers and consumers. Smart grid can also accommodate intermittent small suppliers of electricity. This shift in energy generation policy and improvement in grid technology has opened ways for small scale energy producers and consumers to share energy with each other. It has also opened ways to purchase or sale energy to unknown peers over a smart grid. Need has been felt to store these transactions among peers in a secure, non-alterable yet quickly accessible way. Blockchain technology offers to provide this secure, unalterable yet quickly accessible ledger. In this study this transition process and role of blockchain technology for future energy systems has been historically reviewed. It has been found out that on top of keeping record of Peer to Peer transactions, blockchain technology can fill many other purposes. However, technology is still not matured for large scale projects, Research projects are underway to decrease the large time and energy consumption for block building computational processes yet keeping them safe and reliable.
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