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In 2019, Nakamoto (2019) presented a peer-to-peer (P2P) network, which employed proof-of-work to record a public history of the transaction, and this consensus mechanism can enforce any needed rules and incentives. Blockchain Technologyīlockchain technology provides a powerful tool for implementing energy trading. By combing the advantages of DSM and blockchain technology, Li and Li (2019) presented a game-theoretic model for DSM within microgrid networks that were enhanced by blockchain, and which realized payment mechanisms and intelligent decentralized control. Li and Li (2019) proposed a microgrid dispatch strategy taking into account, the demand response of electric vehicles. An improved scheme based on the blockchain was put forward by Noor et al. Demand response management (DSM) has experienced a renaissance since microgrids require a flexible demand-side to simplify system operations ( Palensky and Dietrich, 2011), but the use of DSM in microgrids does not take the advantage of the development of renewable energy sources in the long run, and reflects the needs of socio-economic development. (2014) proposed the optimization model, hybrid optimization of multiple energy resources (HOMER), to evaluate the economic efficiency of the microgrid with a biomass gasification power plant. Furthermore, in terms of economic efficiency optimization, Montuori et al. (2014) put forward the individual goal of stakeholders to optimize microgrid energy management framework. To ensure the benefit of microgrid participants, Kuznetsova et al. (2019) put forward a multi-objective microgrid dispatch strategy considering the user experience. (2018c) presented a scheduling scheme of microgrids with an electric vehicle battery swapping station, taking into consideration, the real-time pricing mechanism. (2017) found that only with the support of policies, the microgrid will be able to achieve the lowest cost operation and environment friendly factors. (2017) stressed the importance of policy support to find the optimal operation mode to model the microgrid, Hanna et al.
DEMAND RESPONSE HOMER ENERGY HOW TO
Papaefthymiou and Dragoon (2016) elaborated on how to transform the traditional power systems into systems with 100% renewable energy. In this context, how to maximize the utilization of renewable energy by managing micro-grid markets is becoming a hot topic from academia to industry. Renewable energy plays an important role in reshaping the future of energy industry, which can be integrated into power systems, in various forms, such as active distribution networks ( Li et al., 2018a), integrated energy systems ( Li et al., 2020), and microgrids ( Li et al., 2018d).
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The Background and Development Process Microgrid Energy Markets Conclusions and future development trends are explained in section Conclusion. Section Application of Blockchain in Energy Trading describes four key issues and analyzes the corresponding research status. In section The Background and Development Process, the background of the research problem and the development process are introduced. The rest of this paper is organized as follows.
![demand response homer energy demand response homer energy](https://www.homerenergy.com/img/screenshots-grid/GridSS3.png)
Considering that energy trading based on blockchain is still at an early stage, this paper divides the current research focus into four aspects: (1) construction of trading platform (2) economy, privacy, and security of transaction mechanism (3) redundancy and scalability of trading platform (4) implementation of the specific technology of trading platform. This paper presents a systematic literature review of studies and projects based on blockchain-based energy trading, as proposed in papers published in recent years.
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The construction of an energy trading platform and trading mechanism based on blockchain has become a hot topic. Meanwhile, some researchers put forward the idea of blockchain-based energy trading ( Zhang et al., 2017 Pee et al., 2019), and some projects have been successfully implemented ( Laszka et al., 2018b Mengelkamp et al., 2018). The development of decentralized renewable energy technology has gained attention however, its storage and redistribution process can not be satisfied through the current centralized system. At present, as the environmental pollution issue is becoming more and more serious, the disadvantages of the centralized energy system, such as the heavy loss of energy in the long-distance transmission and distribution process, and the low fault-tolerant ability of the system, are becoming prominent.