Blockchain-Enabled Energy Trading in Microgrids for Sustainable Computing Infrastructure

Abstract

This research investigates Blockchain-enabled energy trading within microgrids to enhance sustainable computing infrastructure. A novel algorithm, GridCoin, is proposed and evaluated against existing methodologies including Optimal Power Flow (OPF), Microgrid Energy Management System (MEMS), and Hierarchical Control Algorithms (HCA). The study employs simulation metrics such as Transaction Throughput, Energy Trading Efficiency, and Transaction Latency to compare the performance of these algorithms. GridCoin demonstrates superior capabilities in optimizing energy trading operations, achieving higher transaction throughput, improved efficiency in energy utilization, and reduced transaction latency. These results highlight the potential of Blockchain technology to revolutionize energy markets by providing secure, transparent, and decentralized transaction mechanisms. Future research directions include enhancing optimization techniques, integrating renewable energy sources, addressing scalability and security challenges, conducting real-world deployments, and analyzing economic and policy implications. This study contributes to advancing sustainable computing infrastructure through innovative Blockchain-based solutions.