Novel blockchain-based virtual utility for P2P PV trading
- Admin
- Sep 6, 2024
- 1 min read
Scientists from Western University in Canada have developed an open-source autonomous virtual utility leveraging blockchain technology for P2P trading of solar electricity. The system facilitates hourly transactions between users, aiming to enable widespread distributed solar generation and make the electric grid more resilient. The virtual utility is based on two levels of smart contracts written in Solidity. Unit tests in Solidity were conducted to analyze gas usage and costs. Annual savings under different scenarios were calculated, showing significant cost savings in P2P exchanges.
Source:
Want to read more?
Subscribe to vitaliydaviy.wixsite.com to keep reading this exclusive post.
