Blockchain-based electricity trading with Digitalgrid router

Abstract

As decentralized renewable energy has been installed into the present grid, millions of consumers and prosumers interacting each other over power grid. The variety of needs for exchanging energy would arise based on each customers' situation. The future electricity grid should be a bi-directional system with interconnected using distributed energy management software. Being able to provide a secure and decentralized control to these autonomous, peer-to-peer exchanges is one of the biggest challenges. We propose to use Blockchain-based electricity trading system with Digitalgrid router as an underlying platform because it could fit these requirements. Digitalgrid router, which consists back-to-back bi-directional digital inverters with software-based control, enables us to realize power exchange.