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Academic Journal of Energy, 2022, 3(1); doi: 10.38007/RE.2022.030104.

Optimal Deployment of Energy Based on Blockchain

Author(s)

James Yong Liao

Corresponding Author:
James Yong Liao
Affiliation(s)

Philippine Christian University, Philippine

Abstract

With the increasing environmental problems, smart grid has become the consensus of the world to improve sustainable energy systems. Smart grid emphasizes the full interactive link between the elements of the network to improve a fully autonomous and intelligent energy network. One of the key ideas behind this is sharing energy and information. But this brings many problems to the traditional centralized power system. As an emerging information technology, blockchain is one of the ideas to solve problems such as distributed network and network security. The purpose of this paper is to optimize the deployment of energy based on blockchain, and to compare and analyze Ethereum and Hyperledger Fabric technologies in the experiment. The experimental results show that in order to achieve optimal energy deployment, the Hyperledger Fabric platform is more suitable for deployment as an energy trading network and platform.

Keywords

Blockchain Technology, Bitcoin Platform, Energy Trading, Optimal Deployment

Cite This Paper

James Yong Liao. Optimal Deployment of Energy Based on Blockchain. Academic Journal of Energy (2022), Vol. 3, Issue 1: 31-39. https://doi.org/10.38007/RE.2022.030104.

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