Performance analysis of an energy trading platform using the ethereum blockchain

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

We evaluate and analyze the performance of a local electricity market for energy trading that we implemented on the Ethereum platform. The energy trading is based on a double auction with multiple sellers and multiple buyers; the matched price and volume are determined by a trade reduction mechanism. We benchmark the performance of Ethereum using a systematic blockchain performance evaluation method. Based on this, we propose and analyze an efficient market operation method. In particular, we relate the limits on the scalability and real-time performance of the market to the throughput and latency of the Ethereum platform. We also identify the minimum resources necessary to operate an Ethereum client.

Original languageEnglish
Title of host publicationIEEE International Conference on Blockchain and Cryptocurrency, ICBC 2021
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781665435789
DOIs
Publication statusPublished - 3 May 2021
Event3rd IEEE International Conference on Blockchain and Cryptocurrency, ICBC 2021 - Virtual, Sydney, Australia
Duration: 3 May 20216 May 2021

Publication series

NameIEEE International Conference on Blockchain and Cryptocurrency, ICBC 2021

Conference

Conference3rd IEEE International Conference on Blockchain and Cryptocurrency, ICBC 2021
Country/TerritoryAustralia
CityVirtual, Sydney
Period3/05/216/05/21

Keywords

  • Blockchain
  • Ethereum
  • Local energy market
  • Performance analysis
  • Proof-of-Work

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