Distributed Power Trading System Based on Blockchain Technology | Zendy

Shuguo Chen | Zendy; Weibin Ding | Zendy; Zhongzheng Xiang | Zendy; Yuanyuan Liu | Zendy

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Distributed Power Trading System Based on Blockchain Technology

Author(s) -

Shuguo Chen,

Weibin Ding,

Zhongzheng Xiang,

Yuanyuan Liu

Publication year - 2021

Publication title -

complexity

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.447

H-Index - 61

eISSN - 1099-0526

pISSN - 1076-2787

DOI - 10.1155/2021/5538195

Subject(s) - blockchain , computer science , order (exchange) , nash equilibrium , supply and demand , computer security , microeconomics , economics , finance

The power trading system has the characteristics of nonlinearity, dynamics, and complexity. Part of the business data in the trading system needs to be exposed to numerous external business systems. The traditional centralized power trading model has some problems, such as low data security and trust crisis of regulators. Blockchain technology provides prominent ideas for solving these problems. Firstly, the improved AdaBoost algorithm is used to predict the supply and demand gap of power trading nodes. Secondly, based on the fact that the information on the blockchain is only open to the power supply side, a two-stage game model of asymmetric information between the power supply side and the power user is constructed to capture the price competition behavior between them in order to find the Nash equilibrium price in two stages. Finally, the US PJM market electricity market data are used to carry out an example analysis to verify the effectiveness of the algorithm and model.

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