Blockchain Energy Trading

Federally funded by Natural Resources Canada (NRCAN), this blockchain based project focused on creating a transactive energy framework facilitated by blockchain technology. Target use cases included peer to peer energy trading, demand response, and power restoration management. The feasibility and value proposition of blockchain was explored extensively within this project, which found that blockchain is a robust platform to ensure that services offered by prosumer DERs to utilities can be auditable and enforceable. Simulation studies executed from the deployed framework showed that residential communities can reduce their communal peak demand by 50% via coordinated trading.

A video demonstration of the project can be found below:

A primer video for the project can be found below: