A distributed transaction mechanism for electricity market with electric vehicles and blockchain

Abstract

As distributed transactions become more and more mature, such as peer-to-peer (P2P), the widespread application of distributed transactions not only requires fair and open transaction process, but also has as little impact on the main network as possible. This paper considers an energy matching model, which includes two parts. The first part is a kind of new auction, in which participants can clearly aware of competitive pressures because of current or historical data in blockchain. The second part is an interaction between charging station operator and unmatched participants in the first part. Cases have been studied to demonstrate the effectiveness of this distributed transaction.