Fostering Energy Transition in Smart Cities: DLTs for Peer-to-Peer Electricity Trading

Mehdi Montakhabi; Shenja  van der Graaf; Akash Madhusudan; Roozbeh Sarenche; Mustafa  A. Mustafa

Fostering Energy Transition in Smart Cities: DLTs for Peer-to-Peer Electricity Trading

Mehdi Montakhabi, Shenja van der Graaf, Akash Madhusudan, Roozbeh Sarenche, Mustafa A. Mustafa

Research output: Chapter in Book/Report/Conference proceeding › Conference paper

Abstract

This paper explores the applications of Distributed Ledger Technologies (DLTs) in Peer-to-Peer (P2P) electricity trading. It highlights the challenges and trade-offs of applying three different DLTs: Blockchain, Directed Acyclic Graph (DAG), and Holochain. First, the study introduces the energy transition concept in the smart city context. Second, P2P electricity trading and its supporting trading mechanisms are introduced. Third, DLTs are defined and three different types of DLTs are introduced. Forth, possibilities, challenges, and consequences of applying DLTs in electricity trading are explained. Last, applying DLTs for P2P electricity trading from different aspects are discussed. This paper provides a benchmark for applying DLTs to foster energy transition in smart cities. It highlights how this type of technology can serve smart circular economy.

Original language	English
Title of host publication	3rd IEEE International Workshop on Smart Circular Economy in conjunction with the 17th IEEE International Conference on Distributed Computing in Sensor Systems IEEE DCOSS
Publisher	IEEE
Pages	466-472
Number of pages	7
Publication status	Published - 17 Nov 2022
Event	3rd IEEE International Workshop on Smart Circular Economy: In conjunction with the 17th IEEE International Conference on Distributed Computing in Sensor Systems IEEE DCOSS - Duration: 14 Jul 2021 → 16 Jul 2021 https://sites.google.com/view/smace2021/call-for-papers?authuser=0

Conference

Conference	3rd IEEE International Workshop on Smart Circular Economy
Abbreviated title	SmaCE 2021
Period	14/07/21 → 16/07/21
Internet address	https://sites.google.com/view/smace2021/call-for-papers?authuser=0

Keywords

Smart cities
DLT
Blockchain
Energy transition
Peer-to-peer energy trading
Ecosystem
Token economy

Access to Document

https://ieeexplore.ieee.org/document/9600083

1 Talk or presentation at a conference

3rd IEEE International Workshop on Smart Circular Economy: In conjunction with the 17th IEEE International Conference on Distributed Computing in Sensor Systems IEEE DCOSS
Mehdi Montakhabi (Speaker)
14 Jul 2021 → 16 Jul 2021
Activity: Talk or presentation › Talk or presentation at a conference

Cite this

Montakhabi, M., van der Graaf, S., Madhusudan, A., Sarenche, R., & A. Mustafa, M. (2022). Fostering Energy Transition in Smart Cities: DLTs for Peer-to-Peer Electricity Trading. In 3rd IEEE International Workshop on Smart Circular Economy in conjunction with the 17th IEEE International Conference on Distributed Computing in Sensor Systems IEEE DCOSS (pp. 466-472). [21299865] IEEE. https://ieeexplore.ieee.org/document/9600083

Montakhabi, Mehdi ; van der Graaf, Shenja ; Madhusudan, Akash ; Sarenche, Roozbeh ; A. Mustafa, Mustafa. / Fostering Energy Transition in Smart Cities: DLTs for Peer-to-Peer Electricity Trading. 3rd IEEE International Workshop on Smart Circular Economy in conjunction with the 17th IEEE International Conference on Distributed Computing in Sensor Systems IEEE DCOSS. IEEE, 2022. pp. 466-472

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title = "Fostering Energy Transition in Smart Cities: DLTs for Peer-to-Peer Electricity Trading",

abstract = "This paper explores the applications of Distributed Ledger Technologies (DLTs) in Peer-to-Peer (P2P) electricity trading. It highlights the challenges and trade-offs of applying three different DLTs: Blockchain, Directed Acyclic Graph (DAG), and Holochain. First, the study introduces the energy transition concept in the smart city context. Second, P2P electricity trading and its supporting trading mechanisms are introduced. Third, DLTs are defined and three different types of DLTs are introduced. Forth, possibilities, challenges, and consequences of applying DLTs in electricity trading are explained. Last, applying DLTs for P2P electricity trading from different aspects are discussed. This paper provides a benchmark for applying DLTs to foster energy transition in smart cities. It highlights how this type of technology can serve smart circular economy.",

keywords = "Smart cities, DLT, Blockchain, Energy transition, Peer-to-peer energy trading, Ecosystem, Token economy",

author = "Mehdi Montakhabi and {van der Graaf}, Shenja and Akash Madhusudan and Roozbeh Sarenche and {A. Mustafa}, Mustafa",

year = "2022",

month = nov,

day = "17",

language = "English",

pages = "466--472",

booktitle = "3rd IEEE International Workshop on Smart Circular Economy in conjunction with the 17th IEEE International Conference on Distributed Computing in Sensor Systems IEEE DCOSS",

publisher = "IEEE",

note = "3rd IEEE International Workshop on Smart Circular Economy : In conjunction with the 17th IEEE International Conference on Distributed Computing in Sensor Systems IEEE DCOSS, SmaCE 2021 ; Conference date: 14-07-2021 Through 16-07-2021",

url = "https://sites.google.com/view/smace2021/call-for-papers?authuser=0",

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Montakhabi, M , van der Graaf, S, Madhusudan, A, Sarenche, R & A. Mustafa, M 2022, Fostering Energy Transition in Smart Cities: DLTs for Peer-to-Peer Electricity Trading. in 3rd IEEE International Workshop on Smart Circular Economy in conjunction with the 17th IEEE International Conference on Distributed Computing in Sensor Systems IEEE DCOSS., 21299865, IEEE, pp. 466-472, 3rd IEEE International Workshop on Smart Circular Economy, 14/07/21. <https://ieeexplore.ieee.org/document/9600083>

Fostering Energy Transition in Smart Cities: DLTs for Peer-to-Peer Electricity Trading. / Montakhabi, Mehdi ; van der Graaf, Shenja ; Madhusudan, Akash; Sarenche, Roozbeh; A. Mustafa, Mustafa.

3rd IEEE International Workshop on Smart Circular Economy in conjunction with the 17th IEEE International Conference on Distributed Computing in Sensor Systems IEEE DCOSS. IEEE, 2022. p. 466-472 21299865.

Research output: Chapter in Book/Report/Conference proceeding › Conference paper

TY - GEN

T1 - Fostering Energy Transition in Smart Cities: DLTs for Peer-to-Peer Electricity Trading

AU - Montakhabi, Mehdi

AU - van der Graaf, Shenja

AU - Madhusudan, Akash

AU - Sarenche, Roozbeh

AU - A. Mustafa, Mustafa

PY - 2022/11/17

Y1 - 2022/11/17

N2 - This paper explores the applications of Distributed Ledger Technologies (DLTs) in Peer-to-Peer (P2P) electricity trading. It highlights the challenges and trade-offs of applying three different DLTs: Blockchain, Directed Acyclic Graph (DAG), and Holochain. First, the study introduces the energy transition concept in the smart city context. Second, P2P electricity trading and its supporting trading mechanisms are introduced. Third, DLTs are defined and three different types of DLTs are introduced. Forth, possibilities, challenges, and consequences of applying DLTs in electricity trading are explained. Last, applying DLTs for P2P electricity trading from different aspects are discussed. This paper provides a benchmark for applying DLTs to foster energy transition in smart cities. It highlights how this type of technology can serve smart circular economy.

AB - This paper explores the applications of Distributed Ledger Technologies (DLTs) in Peer-to-Peer (P2P) electricity trading. It highlights the challenges and trade-offs of applying three different DLTs: Blockchain, Directed Acyclic Graph (DAG), and Holochain. First, the study introduces the energy transition concept in the smart city context. Second, P2P electricity trading and its supporting trading mechanisms are introduced. Third, DLTs are defined and three different types of DLTs are introduced. Forth, possibilities, challenges, and consequences of applying DLTs in electricity trading are explained. Last, applying DLTs for P2P electricity trading from different aspects are discussed. This paper provides a benchmark for applying DLTs to foster energy transition in smart cities. It highlights how this type of technology can serve smart circular economy.

KW - Smart cities

KW - DLT

KW - Blockchain

KW - Energy transition

KW - Peer-to-peer energy trading

KW - Ecosystem

KW - Token economy

M3 - Conference paper

SP - 466

EP - 472

BT - 3rd IEEE International Workshop on Smart Circular Economy in conjunction with the 17th IEEE International Conference on Distributed Computing in Sensor Systems IEEE DCOSS

PB - IEEE

T2 - 3rd IEEE International Workshop on Smart Circular Economy

Y2 - 14 July 2021 through 16 July 2021

ER -

Fostering Energy Transition in Smart Cities: DLTs for Peer-to-Peer Electricity Trading

Abstract

Conference

Keywords

Access to Document

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Activities

3rd IEEE International Workshop on Smart Circular Economy: In conjunction with the 17th IEEE International Conference on Distributed Computing in Sensor Systems IEEE DCOSS

Cite this