Blockchain Secures Peer-to-Peer Energy Trading in Community Microgrids

In many areas, microgrids and other decentralized systems face challenges like inefficient energy transport, pricey transactions, and a lack of openness in peer energy trading. Typical centralized models can block efficient energy trades and are at risk of fraud and manipulation. In community-based microgrids, where both creating and using energy are local, these problems are widespread, so a dependable, safe, and affordable system is essential. The proposed framework uses blockchain, smart contracts, and DApps to ensure community microgrids have secure and streamlined P2P energy trading. Because of blockchain, both the safety and the process of energy transactions are maintained. The present system supports matching energy supply with demand, flexible pricing, and computerized energy transactions from producers to users. We experiment by running the framework in different ways, calculating how efficiently it trades, how much it cuts costs, and how quickly transactions complete. Compared to centralized systems, we found that energy trading now takes less time, has lower transaction fees, and is safer. In addition, the system’s capability to handle a lot of energy and adjust prices suggests it could benefit from being in large community microgrids. Blockchain makes it easier for P2P energy trading systems to be secure, efficient, and transparent for everyone, supporting the development and durability of decentralized energy globally.

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