Blockchain Smart Contract Reference Framework and Program Logic Architecture for Transactive Energy Systems

Gourisetti, Sri Nikhil Gupta; Sebastian Cardenas, David J.; Bhattarai, Bishnu P.; Wang, Peng; Widergren, Steven E.; Borkum, Mark I.; Randall, Alysha M.

doi:10.1016/j.apenergy.2021.117860

Blockchain Smart Contract Reference Framework and Program Logic Architecture for Transactive Energy Systems

Journal Article · Wed Dec 15 04:00:00 EST 2021 · Applied Energy

DOI:https://doi.org/10.1016/j.apenergy.2021.117860· OSTI ID:1827289

^[1]; Sebastian Cardenas, David J. ^[1]; Bhattarai, Bishnu P. ^[1]; ^[1]; ^[1]; Borkum, Mark I. ^[1]; Randall, Alysha M. ^[1]

BATTELLE (PACIFIC NW LAB)

This paper proposes a reference framework for a transactive energy market based on blockchain. The framework was designed based on the engineering requirements of a distribution-scale market; including participant needs, expected market transactions, and the cybersecurity constructs required to support a fair, secure and efficient market operation. It leverages the existing blockchain primitives to provide clear value propositions to the transactive market, including identity management (access control), data security (integrity), resiliency (decentralization, scalability and performance). The validity of the proposed framework is demonstrated using a real-time 5-min double-auction market. The results highlight its benefits while providing strong validation of applicability to blockchain within transactive energy systems.

Research Organization:: Pacific Northwest National Laboratory (PNNL), Richland, WA (United States)

Sponsoring Organization:: USDOE

DOE Contract Number:: AC05-76RL01830

OSTI ID:: 1827289

Report Number(s):: PNNL-SA-160386

Journal Information:: Applied Energy, Journal Name: Applied Energy Vol. 304

Country of Publication:: United States

Language:: English

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