Open AccessEnergy Trading through Blockchain
Author(s) -
M. Uday,
P. Devi Prasad,
N. Jagadeesh Sai
Publication year - 2019
Publication title -
international journal of scientific research in computer science, engineering and information technology
Language(s) - English
Resource type - Journals
ISSN - 2456-3307
DOI - 10.32628/cseit1952199
Subject(s) - blockchain , cryptocurrency , transparency (behavior) , database transaction , smart contract , commerce , process (computing) , business , ledger , computer security , credibility , computer science , environmental economics , database , finance , economics , operating system , political science , law
Energy Trading through Blockchain is an innovative way to trade solar energy across different places. It enables the owners of solar plants to trade the solar energy that is been produced by their plants in an easy and utmost secure manner using Blockchain technology. The core point of the project is to pay for what is being served. The source and destination stations will be abiding to a smart contract which allows them to pay for exactly the served amount of energy. Each and every transaction is stored in a ledger. Operating the entire system in Ethereum platform provides transparency, security and credibility to the process. The process entirely runs on the transfer of cryptocurrencies and not any other mode of money.