{"title":"Using the Blockchain as Notary Service for a Local Energy Market","authors":"Clemens Eyhoff, Wolfgang Prinz","doi":"10.1109/energycon53164.2022.9830332","DOIUrl":null,"url":null,"abstract":"Smart energy supply systems are increasingly in the spotlight to fight climate change. Decentralized local energy markets are one concept of these systems. However, these decentralized markets need a verification mechanism to secure the trading, for example through a notary service. Blockchain is a modem technology that enables the creation of audit-proof applications. In this paper, we analyze how well blockchain can be used as a notary service in a local energy market. We will provide a classification of notary services link them to different data storage methods and demonstrate their application in a local energy market.","PeriodicalId":106388,"journal":{"name":"2022 IEEE 7th International Energy Conference (ENERGYCON)","volume":"16 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2022-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2022 IEEE 7th International Energy Conference (ENERGYCON)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/energycon53164.2022.9830332","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
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Abstract
Smart energy supply systems are increasingly in the spotlight to fight climate change. Decentralized local energy markets are one concept of these systems. However, these decentralized markets need a verification mechanism to secure the trading, for example through a notary service. Blockchain is a modem technology that enables the creation of audit-proof applications. In this paper, we analyze how well blockchain can be used as a notary service in a local energy market. We will provide a classification of notary services link them to different data storage methods and demonstrate their application in a local energy market.
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