Abstract: The rapid evolution of decentralized technologies has paved the way for innovative solutions in various sectors, including energy management and trading. This paper presents a novel Peer-to-Peer (P2P) Electricity Billing and Trading system leveraging blockchain technology to enhance transparency, security, and efficiency in energy transactions. The proposed system integrates smart contracts, a custom blockchain, and transaction management to facilitate seamless energy trading between consumers and producers.
At the core of the system is a custom blockchain that ensures immutable and transparent recording of all transactions. Smart contracts automate the execution of agreements between parties, eliminating the need for intermediaries and reducing transaction costs. The system also incorporates a P2P trading mechanism, allowing customers to directly trade electricity, fostering a decentralized energy market.
The architecture includes an ‘Admin module’ for system oversight, a WEB3J interface for interacting with the blockchain Smart Contracts, and a ‘Customer module’ for user engagement. This design not only simplifies the billing process but also empowers consumers to participate actively in the energy market. By leveraging blockchain's inherent security features, the system mitigates risks associated with fraud and data tampering.
In conclusion, this P2P Electricity Billing and Trading system represents a significant step towards a more decentralized and efficient energy ecosystem. It offers a robust framework for future advancements in blockchain-based energy solutions, promoting sustainability and consumer empowerment.
Keywords: Blockchain Technology, Peer-to-Peer (P2P) Trading, Smart Contracts, Electricity illing, Decentralized Energy Market, Transaction Management.
|
DOI:
10.17148/IJARCCE.2025.14262
