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Distributed Power Trading System Based on Blockchain Technology

Author

Listed:
  • Shuguo Chen
  • Weibin Ding
  • Zhongzheng Xiang
  • Yuanyuan Liu
  • Shenggang Li

Abstract

The power trading system has the characteristics of nonlinearity, dynamics, and complexity. Part of the business data in the trading system needs to be exposed to numerous external business systems. The traditional centralized power trading model has some problems, such as low data security and trust crisis of regulators. Blockchain technology provides prominent ideas for solving these problems. Firstly, the improved AdaBoost algorithm is used to predict the supply and demand gap of power trading nodes. Secondly, based on the fact that the information on the blockchain is only open to the power supply side, a two-stage game model of asymmetric information between the power supply side and the power user is constructed to capture the price competition behavior between them in order to find the Nash equilibrium price in two stages. Finally, the US PJM market electricity market data are used to carry out an example analysis to verify the effectiveness of the algorithm and model.

Suggested Citation

  • Shuguo Chen & Weibin Ding & Zhongzheng Xiang & Yuanyuan Liu & Shenggang Li, 2021. "Distributed Power Trading System Based on Blockchain Technology," Complexity, Hindawi, vol. 2021, pages 1-12, May.
    • Handle: RePEc:hin:complx:5538195
    DOI: 10.1155/2021/5538195
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