Blockchain Smart Contract Technology in Urban Energy Management System
DOI:
https://doi.org/10.13052/dgaej2156-3306.3613Keywords:
Blockchain technology, energy management system, decentral- ization, distributed transaction, innovative contract technology, multi-party bidding.Abstract
Blockchain technology is considered a disruptive technology with real poten-
tial for change after steam engines, electricity, and the internet. The regional
electricity sales model based on blockchain technology will become an
essential breakthrough in innovative city energy management. The thrust-
less ingenious contract mechanism, the weakly centralized intelligent power
energy micro-grid internal competitive energy business model, is based on
blockchain technology. Its physical structure includes multiple levels such
as the energy use layer, control layer, and functional layer. All transaction
entities of the innovative power energy microgrid have an equal status in the
blockchain system. The transaction energy includes cold, heat, electricity,
gas, etc., and is distributed after bidding through energy routers and com-
petitive trading platforms. This model uses multi-party bidding to optimize
the allocation of resources such as cold, heat, and electricity, restores the
commodity and financial attributes of energy and dramatically improves the
energy efficiency and economic benefits of the power energy microgrid.
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