A Blockchain Consensus Mechanism for Distributed Electricity Trading (opens in new tab)

Distributed power systems complement centralized grids by coordinating distributed energy resources (DERs) to achieve regional energy self-sufficiency. Scaling such systems raises four persistent challenges: decentralized coordination, fair economic settlement, trustworthy operation, and system optimization, all without a central authority. This paper proposes Proof of Energy (PoE), a blockchain consensus mechanism that addresses these challenge...