A Fair and Efficient Transactive Energy Trading Framework Hosting Distributed Ledger Technology

Abstract

Blockchain technology (BT) is considered a proven secure platform for financial affairs. However, its applicability as an irrefutable attack-resistive platform for securing peer-to-peer (P2P) networks is a matter of debate among researchers. In this regard, this article concentrates on using the BT for securing fully P2P networks. A new fair and energy-efficient method is presented for consensus achievement in the blockchain layer for fully P2P transactive energy systems. Also, a new product differentiator index is represented in this article for bilateral trading among the agents that is more compatible with the security layer. Finally, a self-adaptive-self-tuning fast alternating direction method of multipliers distributed algorithm is presented to clear the P2P market. Results demonstrate the superiority of the proposed BT's consensus method in terms of fairness and energy efficiency compared to the proof-of-stake and proof-of-work consensus methods and its attack resistivity against Sybil attack and 51% attack.