The Decentralized Grid-Aware P2P Energy Market enabled by a Distributed Ledger Implementation

Abstract

As power systems continuously become increasingly volatile and complex systems, conventional market designs turn inefficient, unnecessarily exclusive, and also agnostic towards grid and system capacities. While partial solutions to this already exist, the emerging distributed ledger technologies open up the field to holistic solutions. This work outlines the shortcomings of nowadays market designs, provides a conceptual design improvement along with its technical requirements and finally presents a high-level implementation based on IBM’s blockchain project Hyperledger Fabric.