Blockchain-based Model for Trading Smart Contracts for Shared Energy Generation in Brazil

Abstract

Blockchain development is expected to bring significant contributions to electrical grids. Mainly due to the security requirements, real-time operation and encrypted communication features of this technology. Such features provide ways to shorten the process and carry out direct and secure energy trading through smart contracts. In order to circumvent the impediments imposed by Brazilian regulation with regard to trading smart contracts for shared energy generation, this paper describes a blockchain project, explaining the business rules and focusing on energy issues. A basic blockchain implementation is also shown in order to explain peer-to-peer transactions.