A Study on Utilization of Hybrid Blockchain for Energy Sharing in Micro-Grid

Abstract

With recent developments in the blockchain technology, the energy industry is devoting an overwhelming interest towards it. Moreover, the future society will move towards a zero-energy internet to share energy and minimize the energy usage that contributes in producing greenhouse gas consumption. As a result, energy sharing system is undergoing a paradigm shift from centralized energy supply systems to ICT-based distributed energy supply systems. In this regards, a major challenge for the energy market case study is the presence of the energy double spending problem in Micro-Grid (MG), which threatens the security of the trading infrastructure. In this paper, we propose a mechanism that the problem of double energy spending is solved by applying off-chain Hybrid Blockchain (HB) technology to provide a secure environment where energy can be safely shared between prosumer and consumer at a closer distance, without intermediary intervention.