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Empowering Sustainable Communities
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Resumo(s)
This paper explores the disruptive potential of blockchain technology in advancing sustainable energy practices within communities through the implementation of a novel oper-ational stack layer 2 (L2) rollup. This blockchain solution is de-signed to enhance transparency, ensure genuine decentralization, and facilitate interoperability in energy trading. By integrating an L2 rollup on Ethereum, the system addresses critical scalability issues inherent in traditional decentralized blockchain models, thereby reducing transaction costs and increasing throughput. The primary focus is on how such a technological framework can empower communities to manage their energy resources more efficiently and sustainably. The paper also discusses the technical architecture of the L2 rollup and the potential barriers to its adoption. Through this analysis, we argue that blockchain technology, particularly through enhancements like L2 rollups, is crucial for sustainable communities focused on renewable energy trading with no central third-party control. This paper also overviews different market structures, particularly the uniform bidding market structure, chosen for its simplicity and effectiveness in aligning with the decentralized ethos of blockchain technology. This market model ensures that all participants are treated equitably, paying the same market-clearing price that reflects the true supply and demand of the energy market.
Descrição
Araújo, D., Scott, I., & Neto, M. (2024). Empowering Sustainable Communities: The Role of Layer 2 Blockchains in Unlocking Peer-2-Peer Energy Trading. In Proceedings of the 30th ICE IEEE/ITMC Conference on Engineering, Technology, and Innovation ICE 2024 (pp. 1-8). (International Conference on Engineering, Technology and Innovation (ICE/ITMC)). IEEE Press. https://doi.org/10.1109/ICE/ITMC61926.2024.10794285 --- This work was supported by national funds through FCT (Fundação para a Ciência e a Tecnologia), under the project - UIDB/04152/2020 - Centro de Investigação em Gestão de Informação (MagIC)/NOVA IMS. The authors are also thankful for the funding received from the European Union’s Horizon 2020 research and innovation program for the project Communitas under grant agreement No. 101096508 and for funding from Next Generation EU through the Plano de Recuperação e Resiliência (PRR) under the project BLOCKCHAIN.PT (RE-C05-i01.01-02/C05- i01.01/2022.PC644918095-00000033- Agendas/Alianças Mobilizadoras para a Reindustrialização, Plano de Recuperação e Resiliência de Portugal na sua componente 5 – Capitalização e Inovação Empresarial e com o Regulamento do Sistema de Incentivos “Agendas para a Inovação Empresarial”, aprovado pela Portaria N.° 43-A/2022 de 19 de janeiro de 2022).
Palavras-chave
blockchain energy renewable energy side chains rollups evm solidity P2P DERs consumers prosumers dApps Artificial Intelligence Strategy and Management Computer Science Applications Information Systems and Management Media Technology Control and Optimization Modelling and Simulation SDG 7 - Affordable and Clean Energy
Contexto Educativo
Citação
Editora
Institute of Electrical and Electronics Engineers (IEEE)