Blockchains for Transactive Energy Systems: Opportunities, Challenges, and Approaches
Scott Eisele, Carlos Barreto, Abhishek Dubey, Xenofon Koutsoukos, Taha Eghtesad, Áron Lászka, Anastasia Mavridou
Abstract
The emergence of blockchains and smart contracts has renewed interest in electrical cyberphysical systems, especially transactive energy systems. To address the associated challenges, we present TRANSAX, a blockchain-based transactive energy system that provides an efficient, safe, and privacy-preserving market built on smart contracts.
Topics & Concepts
Transactive memoryComputer scienceComputer securityEnergy (signal processing)Risk analysis (engineering)Knowledge managementBusinessMathematicsStatisticsBlockchain Technology Applications and SecuritySmart Grid Energy ManagementSmart Grid Security and Resilience