An Ethereum-based solution for energy trading in smart grids

The need for a flexible, dynamic, and decentralized energy market has rapidly grown in recent years. As a matter of fact, Industry 4.0 and Smart Grids are pursuing a path of automation of operations to insure all the steps among consumers and producers are getting closer. This leads towards solutions that exploit the paradigm of public blockchain, which represents the best platform to design flat and liquid markets for which providing trust and accountability to mutual interactions becomes crucial. On the other hand, one of the risks arising in this situation is that personal information is exposed to the network, with intolerable threats to privacy. In this paper, we propose a solution for energy trading, based on the blockchain Ethereum and Smart Contracts.The solution aims to be a concrete proposal to satisfy the needs of energy trading in smart grids, including the important feature that no information about the identity of the peers of the network is disclosed in advance.

Automated summary

The demand for a flexible, dynamic, and decentralized energy market has grown rapidly in recent years. Automation of operations in Industry 4.0 and Smart Grids aims to bring consumers and producers closer, leading to solutions that harness the power of public blockchain in designing transparent and efficient markets. However, the exposure of personal information on the network poses a significant threat to privacy. In this paper, we propose a solution for energy trading using Ethereum blockchain and Smart Contracts, which ensures privacy by not disclosing the identities of network peers in advance.