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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

Original languageEnglish
Title of host publicationAdvanced Information Systems Engineering
Subtitle of host publication31st International Conference, CAiSE 2019, Rome, Italy, June 3–7, 2019, Proceedings
EditorsPaolo Giorgini, Barbara Weber
Publisher or commissioning bodySpringer, Cham
Pages111-125
Number of pages15
ISBN (Electronic)9783030212902
ISBN (Print)9783030212896
DOIs
DateAccepted/In press - 25 Mar 2019
DatePublished (current) - 29 May 2019
EventInternational Conference on Advanced Information Systems Engineering - Sapienza Università di Roma, Rome, Italy
Duration: 3 Jun 20197 Jun 2019
Conference number: 31
https://www.caise19.it/

Publication series

NameLecture Notes in Computer Science
PublisherSpringer
Volume11483
ISSN (Print)0302-9743
ISSN (Electronic)1611-3349

Conference

ConferenceInternational Conference on Advanced Information Systems Engineering
Abbreviated titleCAiSE
CountryItaly
CityRome
Period3/06/197/06/19
Internet address

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).

    Structured keywords

  • Cabot Institute Low Carbon Energy Research - peer to peer energy trading, block-free distributed ledger, IOTA, agent-based simulation

    Research areas

  • blockchain, agent-based simulation, IOTA, block-free ledger, DAGbased distributed ledger, peer to peer energy trading platform

Event

International Conference on Advanced Information Systems Engineering

Abbreviated titleCAiSE
Conference number31
Duration3 Jun 20197 Jun 2019
Location of eventSapienza Università di Roma
CityRome
CountryItaly
Web address (URL)
Degree of recognitionInternational event

Event: Conference

Documents

Documents

  • Full-text PDF (accepted author manuscript)

    Rights statement: This is the author accepted manuscript (AAM). The final published version (version of record) is available online via Springer at https://link.springer.com/chapter/10.1007%2F978-3-030-21290-2_8 . Please refer to any applicable terms of use of the publisher.

    Accepted author manuscript, 1 MB, PDF-document

    Embargo ends: 29/05/20

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DOI

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