Transactive Green Energy Exchange Market Blockchain-based
Abstract
There has been a conflict between producers and consumers eliminated through using PV applications in residential and commercial properties. Blockchain technology provides prosumers, consumers, and utilities with a new, cost-effective, and more secure trading platform through automating direct energy transactions using consensus-based verification and cryptographic hashing. In Qatar’s Education City Community Housing, Agent-Based Modeling (ABM) was used to simulate the environment to develop a blockchain-based energy trading solution. A Geographical Information System was also included in the simulation. Day-day energy activities data were collected and analyzed to simulate realistic trading characteristics on a small trading market to help stakeholders to understand the volatility of a real energy trading market towards the development of a blockchain-based market. Readjusting parameters enable the assessment and customization of transactional characteristics performed in the local community housing market.