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A Block-Free Distributed Ledger for P2P Energy Trading: Case with IOTA?

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Standard

A Block-Free Distributed Ledger for P2P Energy Trading : Case with IOTA? / Park, Joon; Chitchyan, Ruzanna; Angelopoulou, Anastasia; Murkin, Jordan.

Advanced Information Systems Engineering: 31st International Conference, CAiSE 2019, Rome, Italy, June 3–7, 2019, Proceedings. ed. / Paolo Giorgini; Barbara Weber. Springer, Cham, 2019. p. 111-125 (Lecture Notes in Computer Science; Vol. 11483).

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Harvard

Park, J, Chitchyan, R, Angelopoulou, A & Murkin, J 2019, A Block-Free Distributed Ledger for P2P Energy Trading: Case with IOTA? in P Giorgini & B Weber (eds), Advanced Information Systems Engineering: 31st International Conference, CAiSE 2019, Rome, Italy, June 3–7, 2019, Proceedings. Lecture Notes in Computer Science, vol. 11483, Springer, Cham, pp. 111-125, International Conference on Advanced Information Systems Engineering, Rome, Italy, 3/06/19. https://doi.org/10.1007/978-3-030-21290-2_8

APA

Park, J., Chitchyan, R., Angelopoulou, A., & Murkin, J. (2019). A Block-Free Distributed Ledger for P2P Energy Trading: Case with IOTA? In P. Giorgini, & B. Weber (Eds.), Advanced Information Systems Engineering: 31st International Conference, CAiSE 2019, Rome, Italy, June 3–7, 2019, Proceedings (pp. 111-125). (Lecture Notes in Computer Science; Vol. 11483). Springer, Cham. https://doi.org/10.1007/978-3-030-21290-2_8

Vancouver

Park J, Chitchyan R, Angelopoulou A, Murkin J. A Block-Free Distributed Ledger for P2P Energy Trading: Case with IOTA? In Giorgini P, Weber B, editors, Advanced Information Systems Engineering: 31st International Conference, CAiSE 2019, Rome, Italy, June 3–7, 2019, Proceedings. Springer, Cham. 2019. p. 111-125. (Lecture Notes in Computer Science). https://doi.org/10.1007/978-3-030-21290-2_8

Author

Park, Joon ; Chitchyan, Ruzanna ; Angelopoulou, Anastasia ; Murkin, Jordan. / A Block-Free Distributed Ledger for P2P Energy Trading : Case with IOTA?. Advanced Information Systems Engineering: 31st International Conference, CAiSE 2019, Rome, Italy, June 3–7, 2019, Proceedings. editor / Paolo Giorgini ; Barbara Weber. Springer, Cham, 2019. pp. 111-125 (Lecture Notes in Computer Science).

Bibtex

@inproceedings{a18681cc0d874df39233324244072f77,
title = "A Block-Free Distributed Ledger for P2P Energy Trading: Case with IOTA?",
abstract = "Across the world, the organisation and operation of the electricity markets is quickly changing, moving towards decentralised, distributed, renewables-based generation with real-time data exchange-based solutions. In order to support this change, blockchain-based distributed ledgers have been proposed for implementation of peer-to-peer energy trading platform. However, blockchain solutions suffer from scalability problems as well as from delays in transaction confirmation. This paper explores the feasibility of using IOTA’s DAG-based block-free distributed ledger for implementation of energy trading platforms. Our agent-based simulation research demonstrates that an IOTA-like DAG-based solution could overcome the constraints that blockchains face in the energy mar- ket. However, to be usable for peer-to-peer energy trading, even DAG- based platforms need to consider specificities of energy trading markets (such as structured trading periods and assured confirmation of transactions for every completed period).",
keywords = "blockchain, agent-based simulation, IOTA, block-free ledger, DAGbased distributed ledger, peer to peer energy trading platform",
author = "Joon Park and Ruzanna Chitchyan and Anastasia Angelopoulou and Jordan Murkin",
year = "2019",
month = "5",
day = "29",
doi = "10.1007/978-3-030-21290-2_8",
language = "English",
isbn = "9783030212896",
series = "Lecture Notes in Computer Science",
publisher = "Springer, Cham",
pages = "111--125",
editor = "Paolo Giorgini and Barbara Weber",
booktitle = "Advanced Information Systems Engineering",
address = "Switzerland",

}

RIS - suitable for import to EndNote

TY - GEN

T1 - A Block-Free Distributed Ledger for P2P Energy Trading

T2 - Case with IOTA?

AU - Park, Joon

AU - Chitchyan, Ruzanna

AU - Angelopoulou, Anastasia

AU - Murkin, Jordan

PY - 2019/5/29

Y1 - 2019/5/29

N2 - Across the world, the organisation and operation of the electricity markets is quickly changing, moving towards decentralised, distributed, renewables-based generation with real-time data exchange-based solutions. In order to support this change, blockchain-based distributed ledgers have been proposed for implementation of peer-to-peer energy trading platform. However, blockchain solutions suffer from scalability problems as well as from delays in transaction confirmation. This paper explores the feasibility of using IOTA’s DAG-based block-free distributed ledger for implementation of energy trading platforms. Our agent-based simulation research demonstrates that an IOTA-like DAG-based solution could overcome the constraints that blockchains face in the energy mar- ket. However, to be usable for peer-to-peer energy trading, even DAG- based platforms need to consider specificities of energy trading markets (such as structured trading periods and assured confirmation of transactions for every completed period).

AB - Across the world, the organisation and operation of the electricity markets is quickly changing, moving towards decentralised, distributed, renewables-based generation with real-time data exchange-based solutions. In order to support this change, blockchain-based distributed ledgers have been proposed for implementation of peer-to-peer energy trading platform. However, blockchain solutions suffer from scalability problems as well as from delays in transaction confirmation. This paper explores the feasibility of using IOTA’s DAG-based block-free distributed ledger for implementation of energy trading platforms. Our agent-based simulation research demonstrates that an IOTA-like DAG-based solution could overcome the constraints that blockchains face in the energy mar- ket. However, to be usable for peer-to-peer energy trading, even DAG- based platforms need to consider specificities of energy trading markets (such as structured trading periods and assured confirmation of transactions for every completed period).

KW - blockchain

KW - agent-based simulation

KW - IOTA

KW - block-free ledger

KW - DAGbased distributed ledger

KW - peer to peer energy trading platform

UR - https://www.caise19.it/

U2 - 10.1007/978-3-030-21290-2_8

DO - 10.1007/978-3-030-21290-2_8

M3 - Conference contribution

SN - 9783030212896

T3 - Lecture Notes in Computer Science

SP - 111

EP - 125

BT - Advanced Information Systems Engineering

A2 - Giorgini, Paolo

A2 - Weber, Barbara

PB - Springer, Cham

ER -