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P2P trading of energy can be a good alternative to incentivize distributednon-conventional energy production and meet the burgeoning energy demand. Forefficient P2P trading, a free market for trading needs to be established whileensuring the information reliability, security, and privacy. Blockchain hasbeen used to provide this framework, but it consumes very high energy and isslow. Further, until now, no blockchain model has considered the role ofconventional electric utility companies in P2P trading. In this paper, we haveintroduced a credit blockchain that reduces energy consumption by employing anew mechanism to update transactions and increases speed by providing interestfree loans to buyers. This model also integrates the electric utility companieswithin the P2P trading framework, thereby increasing members trading options.We have also discussed the pricing strategies for trading. All the aboveassertions have been verified through simulations, demonstrating that thismodel will promote P2P trading by providing enhanced security, speed, andgreater trading options. The proposed model will also help trade energy atprices beneficial for both sellers and buyers.

Credit Blockchain for Faster Transactions in P2P Energy Trading