Review of Blockchain-Based Energy Trading Models

Abstract

Renewable energies (REs) are trending as the technology to improve its efficacy moving at a fast pace. REs has been utilized in many domestic and industrial premises as a surplus energy. Trading of this surplus energy within a local market scenario, can help in meeting the demand requirements and can outlook a new scope of energy trading. This requires high security and transparency among the stake holders. Among various technologies, blockchain can be proved as a promising platform for a secure and transparent transaction. This paper comprises an extensive review of different blockchain based energy trading model and discusses various research scopes for mitigating of certain issues with ongoing research models to gain higher efficiency.