TRANSAX: A Blockchain-Based Decentralized Forward-Trading Energy Exchanged for Transactive Microgrids

Aron Laszka, Scott Eisele, Abhishek Dubey, Gabor Karsai, Karla Kvaternik

Research output: Chapter in Book/Report/Conference proceedingConference contribution

44 Scopus citations

Abstract

Power grids are undergoing major changes due to rapid growth in renewable energy and improvements in battery technology. Prompted by the increasing complexity of power systems, decentralized IoT solutions are emerging, which arrange local communities into transactive microgrids. The core functionality of these solutions is to provide mechanisms for matching producers with consumers while ensuring system safety. However, there are multiple challenges that these solutions still face: privacy, trust, and resilience. The privacy challenge arises because the time series of production and consumption data for each participant is sensitive and may be used to infer personal information. Trust is an issue because a producer or consumer can renege on the promised energy transfer. Providing resilience is challenging due to the possibility of failures in the infrastructure that is required to support these market based solutions. In this paper, we develop a rigorous solution for transactive microgrids that addresses all three challenges by providing an innovative combination of MILP solvers, smart contracts, and publish-subscribe middleware within a framework of a novel distributed application platform, called Resilient Information Architecture Platform for Smart Grid.

Original languageEnglish (US)
Title of host publicationProceedings - 2018 IEEE 24th International Conference on Parallel and Distributed Systems, ICPADS 2018
PublisherIEEE Computer Society
Pages918-927
Number of pages10
ISBN (Electronic)9781538673089
DOIs
StatePublished - Jul 2 2018
Event24th IEEE International Conference on Parallel and Distributed Systems, ICPADS 2018 - Singapore, Singapore
Duration: Dec 11 2018Dec 13 2018

Publication series

NameProceedings of the International Conference on Parallel and Distributed Systems - ICPADS
Volume2018-December
ISSN (Print)1521-9097

Conference

Conference24th IEEE International Conference on Parallel and Distributed Systems, ICPADS 2018
Country/TerritorySingapore
CitySingapore
Period12/11/1812/13/18

All Science Journal Classification (ASJC) codes

  • Hardware and Architecture

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