Distributed Power Trading System Based on Blockchain Technology
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 trus...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2021-01-01
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| Series: | Complexity |
| Online Access: | http://dx.doi.org/10.1155/2021/5538195 |
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| _version_ | 1832566416281174016 |
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| author | Shuguo Chen Weibin Ding Zhongzheng Xiang Yuanyuan Liu |
| author_facet | Shuguo Chen Weibin Ding Zhongzheng Xiang Yuanyuan Liu |
| author_sort | Shuguo Chen |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-828dc63998cb4e9b86829d27c2e85baf |
| institution | Kabale University |
| issn | 1076-2787 1099-0526 |
| language | English |
| publishDate | 2021-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Complexity |
| spelling | doaj-art-828dc63998cb4e9b86829d27c2e85baf2025-02-03T01:04:14ZengWileyComplexity1076-27871099-05262021-01-01202110.1155/2021/55381955538195Distributed Power Trading System Based on Blockchain TechnologyShuguo Chen0Weibin Ding1Zhongzheng Xiang2Yuanyuan Liu3State Grid Zhejiang Electric Power Co., Ltd., Hangzhou 310007, Zhejiang, ChinaState Grid Zhejiang Electric Power Co., Ltd., Hangzhou 310007, Zhejiang, ChinaState Grid Zhejiang Electric Power Co., Ltd., Hangzhou 310007, Zhejiang, ChinaChina Center for Energy Economics Research, School of Economics, Xiamen University, Xiamen 361005, ChinaThe 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.http://dx.doi.org/10.1155/2021/5538195 |
| spellingShingle | Shuguo Chen Weibin Ding Zhongzheng Xiang Yuanyuan Liu Distributed Power Trading System Based on Blockchain Technology Complexity |
| title | Distributed Power Trading System Based on Blockchain Technology |
| title_full | Distributed Power Trading System Based on Blockchain Technology |
| title_fullStr | Distributed Power Trading System Based on Blockchain Technology |
| title_full_unstemmed | Distributed Power Trading System Based on Blockchain Technology |
| title_short | Distributed Power Trading System Based on Blockchain Technology |
| title_sort | distributed power trading system based on blockchain technology |
| url | http://dx.doi.org/10.1155/2021/5538195 |
| work_keys_str_mv | AT shuguochen distributedpowertradingsystembasedonblockchaintechnology AT weibinding distributedpowertradingsystembasedonblockchaintechnology AT zhongzhengxiang distributedpowertradingsystembasedonblockchaintechnology AT yuanyuanliu distributedpowertradingsystembasedonblockchaintechnology |