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    Blockchain for peer-to-peer energy exchanges: probabilistic approach of Proof of Stake

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    CIRED 2018 Ljubljana WS - 0324 - 20798.pdf (197.1Kb)
    Paper number
    0324
    Conference name
    CIRED 2018 Ljubljana Workshop
    Conference date
    7 - 8 June 2018
    Conference location
    Ljubljana, Slovenia
    Peer-reviewed
    Yes
    Metadata
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    Authors
    Vangulick, David, ORES - University of Liège, Belgium
    Cornélusse, Bertrand, University of Liège, Belgium
    Ernst, Damien, University of Liège, Belgium
    Abstract
    Energy communities and peer-to-peer energy exchangesare expected to play an important role in the energy transition. In this context, the blockchain approach can be employed to foster this decentralized energy market. In [1],we evaluated several designs that should allow a Distribution System Operator (DSO) to accept peer-to-peer energyexchanges supported by this technology. This acceptanceis based on criteria such as a strong link with the wholesale/retail market, the resilience of the consensus to approve a block, the accuracy, traceability, privacy and security of the proposed schemes. We concluded that proof-ofstake (PoS), where the choice of node that creates a block isbased on a measure of its wealth, is the only method to fulfill these requirements. In the present paper, we clarify theidentification and estimation of bidding models to ensurethat the PoS that we are developing is a correct responseto two major issues with the PoS methodology, namely theconcentration of wealth and the ”nothing to stake” issue.1
    Publisher
    AIM
    Date
    2018-06-07
    Published in
    • CIRED 2018 Ljubljana Workshop on Microgrids and Local Energy Communities
    Permanent link to this record
    https://www.cired-repository.org/handle/20.500.12455/1074
    http://dx.doi.org/10.34890/53
    ISSN
    2032-9628
    ISBN
    978-2-9602415-1-8

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