University Of Tasmania

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Blockchain-based renewable energy trading system with smart contract in a small local community

conference contribution
posted on 2023-05-23, 15:16 authored by Riseul RyuRiseul Ryu, Soonja YeomSoonja Yeom
With the high interest in the peer to peer (P2P) energy trading system, blockchain technology has increased attention as a solution to alleviate the current challenges in the centralised energy system. The study set out to discover how blockchain could be used for microgrid while controlling the scalability to encourage peer-to-peer energy trading with the assumption of the average dwelling density at around 20-30 households. The results showed that there is a scalability challenge in the blockchain as the network grows; however, the blockchain technology can be applied in the community which has a similar size with Hobart as there is no significant difference in the execution time up to 100 nodes while accumulating the transactions. Additionally, the study also found mining time, transaction fee and transactions number in the block are also related to the execution time. Therefore, these parameters should be considered to build a scalable blockchain for a microgrid.


Publication title

SMA 2020: The 9th International Conference on Smart Media and Applications






School of Information and Communication Technology


Association for Computing Machinery

Place of publication

New York, USA

Event title

SMA 2020: The 9th International Conference on Smart Media and Applications

Event Venue

Republic of Korea, Jeju

Date of Event (Start Date)


Date of Event (End Date)


Rights statement

Copyright 2020 Association for Computing Machinery

Repository Status

  • Restricted

Socio-economic Objectives

Renewable energy not elsewhere classified; Artificial intelligence

Usage metrics

    University Of Tasmania