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Future Internet
Article . 2023 . Peer-reviewed
License: CC BY
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Future Internet
Article . 2023
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Proof of Flow: A Design Pattern for the Green Energy Market

Authors: Valerio Mandarino; Giuseppe Pappalardo; Emiliano Tramontana;

Proof of Flow: A Design Pattern for the Green Energy Market

Abstract

The increased penetration of Distributed Energy Resources (DERs) in electricity markets has given rise to a new category of energy players, called Aggregators, whose role is to ensure fair remuneration for energy supplied by DERs, and support the smooth feeding of the intermittent energy produced into the distribution network. This paper presents a software solution, described as a design pattern, that governs the interaction between an Aggregator and DERs, leveraging blockchain technology to achieve a higher degree of decentralization, data integrity and security, through a properly designed, blockchain-based, smart contract. Thus, the proposed solution reduces the reliance on intermediaries acting as authorities, while affording transparency, efficiency and trust to the energy exchange process. Thanks to the underlying blockchain properties, generated events are easily observable and cannot be forged or altered. However, blockchain technology has inherent drawbacks, i.e., mainly the cost of storage and execution, hence our solution provides additional strategies for limiting blockchain usage, without undermining its strengths. Moreover, the design of our smart contract takes care of orchestrating the players, and copes with their potential mutual disagreements, which could arise from different measures of energy, providing an automatic decision process to resolve such disputes. The overall approach results in lower fees for running smart contacts supporting energy players and in a greater degree of fairness assurance.

Country
Italy
Related Organizations
Keywords

blockchain, energy market, Information technology, smart contracts, T58.5-58.64, design patterns

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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
2
Average
Average
Average
gold