Energy Trading Using Blockchain
Mrs. P. Neela sundari1, A. Srividhya2, B. Meghana3, B. Amulya4, B. Poojitha5
1Assisstant Professor, Department of Computer Science and Engineering, KKR AND KSR INSTITUTE OF TECHNOLOGY AND SCIENCES (AUTONOMOUS), GUNTUR
2Student, Department of Computer Science and Engineering, KKR AND KSR INSTITUTE OF TECHNOLOGY AND SCIENCES (AUTONOMOUS), GUNTUR
3Student, Department of Computer Science and Engineering, KKR AND KSR INSTITUTE OF TECHNOLOGY AND SCIENCES (AUTONOMOUS), GUNTUR
4Student, Department of Computer Science and Engineering, KKR AND KSR INSTITUTE OF TECHNOLOGY AND SCIENCES (AUTONOMOUS), GUNTUR
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Abstract - The use of solar and wind energy is increasing and this has resulted in energy excess on homes and industries. However, the traditional grids built around a centralized system rarely make use of this surplus energy. Blockchain technology solves this problem by allowing secure and trust less cross-border micropayments thereby allowing consumers and prosumers to trade directly However, the process of redistributing this energy surplus or excess has been redefined and envisaged in a more decentralized manner which fundamentally uses the blockchain and along with this many inefficiencies hitherto present in the system allow cross border energy exchanges So the combined processes make energy futures tradable at their underlying protocols . This paper presents a blockchain-based energy trading platform designed to promote sustainability, transparency, and cost efficiency. By leveraging blockchain’s tamperproof ledger and smart contracts, the platform ensures secure, automated, and trust less transactions without intermediaries like utility companies. Prosumers can sell surplus energy to consumers within their community or grid, fostering efficient utilization of renewable resources while reducing dependency on centralized systems. The proposed platform addresses inefficiencies in traditional grids, incentivizes renewable energy adoption, and reduces transaction costs. By integrating blockchain with energy distribution, this system transforms energy markets, encouraging energy democratization and contributing to global sustainability goals. Challenges and opportunities in implementing such a system are also explored, highlighting blockchain’s potential to revolutionize energy trading.
Key Words: Blockchain, HTML, CSS, JS, Java
