Research of Blockchain in Power Direct Trading Mode

Abstract

Blockchain technology, as an emerging distributed database technology, decentralized, de-trusted collective maintenance database technology, has a high degree of compatibility with electricity market transactions. This paper first gives a brief introduction to blockchain types, different consensus mechanisms, and smart contracts. Secondly, the necessity of applying the blockchain to the direct electricity trading mode is explained. According to the characteristics of direct power trading, the blockchain technology is combined to design the direct electricity trading mode under the blockchain technology. It is hoped to accelerate the application of blockchain technology in the energy trading industry, deepen the reform of the power system, and promote the rapid development of the power industry.