Standardization of Power Transaction Data Interaction Protocol Based on Smart Contracts – Extended Application of IEC 62325

Authors

  • Mo Pingyan Guangdong Power Grid Company Limited, Guangzhou, 510000 China
  • Lu Yanqian Guangdong Power Grid Company Limited, Guangzhou, 510000 China
  • Li Kai Guangdong Power Grid Company Limited, Guangzhou, 510000 China
  • Wen You Guangdong Power Grid Company Limited, Guangzhou, 510000 China
  • Ren Ying Guangdong Power Grid Company Limited, Guangzhou, 510000 China

DOI:

https://doi.org/10.13052/jicts2245-800X.1414

Keywords:

smart contract, IEC 62325 standard, electricity transaction data interaction, Blockchain technology application

Abstract

In view of the problems of insufficient automation, trust dependence centralization, and real-time limitation in the IEC 62325 standard, this study proposes an extension protocol integrating blockchain and smart contract. By defining the trigger points of the three-layer contract, the standard message process is seamlessly embedded, and the automatic execution of quotation verification, transaction matching, and settlement and clearing is realized. Design parametric contract templates and extend EDM message segments (sc: contract address, data hash, digital signature) to support non-intrusive business rule injection and tamper-proof verification. A three-layer decoupling architecture (data access layer, contract execution layer, and message conversion layer) is constructed for compatible heterogeneous systems, and the XSLT engine is combined to realize the two-way mapping of EDM packets and on-chain data. Experiments based on real data in the Dutch electricity market show that the scheme reduces transaction delay by 62.5% to 45 milliseconds, increases data consistency rate to 99.1%, doubles throughput by 310 transactions per second, and sharply reduces the settlement error rate by 95.7%, effectively improving the automation level and credibility of high-frequency electricity trading.

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Author Biographies

Mo Pingyan, Guangdong Power Grid Company Limited, Guangzhou, 510000 China

Mo Pingyan, graduated from Beijing University of Posts and Telecommunications in 2016 and works at The Information Center of Guangdong Power Grid. Her main research interest is the computer science and technology.

Lu Yanqian, Guangdong Power Grid Company Limited, Guangzhou, 510000 China

Lu Yanqian, female, Han ethnicity, from Jieyang, Guangdong Province, graduated with a bachelor’s degree from North China Electric Power University (highest degree), currently working as an engineer in the Application Management Department of Guangdong Power Grid Company’s Information Center. Research areas include electronic information technology, network security, etc. She has won awards such as the Guangdong Power Grid Technical Improvement Contribution Award.

Li Kai, Guangdong Power Grid Company Limited, Guangzhou, 510000 China

Li Kai, received the master’s degree in Computer System Architecture from Jinan University in 2014. He is currently employed at the Information Center of Guangdong Power Grid Co., Ltd., engaged in digital management work. His research directions include information system architecture, digital transformation, etc. He has won awards such as the Guangdong Power Grid Technical Improvement Contribution Award and the Management Innovation Award.

Wen You, Guangdong Power Grid Company Limited, Guangzhou, 510000 China

Wen You, born on April 19, 1993 in Guangdong Province, China. He currently works at the Guangdong Power Grid Corporation Information Center, has a master’s degree.

Ren Ying, Guangdong Power Grid Company Limited, Guangzhou, 510000 China

Ren Ying, received a master’s degree in software engineering from Tsinghua University in 2005. He currently works as an algorithm engineer at Southern Power Grid Artificial Intelligence Technology Co., Ltd., primarily engaged in research related to power large-scale models, artificial intelligence, and machine learning.

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Published

2026-03-15

How to Cite

Pingyan, M. ., Yanqian, L. ., Kai, L. ., You, W. ., & Ying, R. . (2026). Standardization of Power Transaction Data Interaction Protocol Based on Smart Contracts – Extended Application of IEC 62325. Journal of ICT Standardization, 14(01), 101–124. https://doi.org/10.13052/jicts2245-800X.1414

Issue

Section

Intelligent System Concepts, architecture, standards, tools and applications