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A Blockchain-Based Renewable Energy Authenticated Marketplace: BEAM of Flexibility
University of Southern Denmark, Odense, Denmark.
Halmstad University, School of Information Technology.ORCID iD: 0000-0002-6817-6438
University of Southern Denmark, Odense, Denmark.ORCID iD: 0000-0001-6898-4083
International Islamic University Malaysia, Kuala Lumpur, Malaysia.
2024 (English)In: Advances in Emerging Information and Communication Technology / [ed] Asadullah Shaikh; Abdullah Alghamdi; Qing Tan; Ibrahiem M. M. El Emary, Cham: Springer, 2024, Vol. Part F2830, p. 511-527Conference paper, Published paper (Refereed)
Abstract [en]

In this paper, we propose a blockchain-based platform for decentralized energy marketplaces where prosumers and grid operators can directly exchange flexibility. The proposed platform facilitates the exchange of excess electricity for compensation while ensuring privacy for prosumers and verifiability for grid operators. Specifically, we use digital machine identities (dMIDs) to enable prosumers to verifiably communicate the provision details, ensuring that grid operators can trust the provided flexibility. We use zero-knowledge proofs (ZKP) to verify sensitive data from dMIDs to ensure the privacy of prosumers. Flexibility is represented as a digital certificate written as a smart contract that facilitates the communication and exchange of information about flexibility. This implementation seeks to uncover potential cost savings, create new value streams, and enhance operational efficiency in the renewable energy sector. © The Author(s), under exclusive license to Springer Nature Switzerland AG 2024.

Place, publisher, year, edition, pages
Cham: Springer, 2024. Vol. Part F2830, p. 511-527
Series
Signals and Communication Technology, ISSN 1860-4862, E-ISSN 1860-4870
Keywords [en]
Blockchain, Decentralized machine identities, Flexibility market, Peer-to-peer flexibility trading
National Category
Computer Sciences
Identifiers
URN: urn:nbn:se:hh:diva-53618DOI: 10.1007/978-3-031-53237-5_31Scopus ID: 2-s2.0-85194577792ISBN: 978-3-031-53236-8 (print)ISBN: 978-3-031-53239-9 (print)ISBN: 978-3-031-53237-5 (electronic)OAI: oai:DiVA.org:hh-53618DiVA, id: diva2:1866656
Conference
International Conference on Innovation of Emerging Communication and Information Technology (ICIEICT 2023), virtually and in Madrid, Spain, September 11-13, 2023
Available from: 2024-06-07 Created: 2024-06-07 Last updated: 2025-10-01Bibliographically approved

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Munir, Sundas

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CiteExportLink to record
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Citation style
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