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Blockchain-Based Decentralized Energy Trading

By Soja s on 18th January 2024

Problem Statement

Traditional energy trading systems are often centralized and lack transparency.

Blockchain technology offers a decentralized and transparent solution for energy

trading, enabling peer-to-peer transactions without the need for intermediaries.

Abstract

This project aims to develop a blockchain-based decentralized energy trading platform.

Using smart contracts on a blockchain, the system will allow users to buy and sell

excess energy directly with each other. This approach promotes transparency, reduces

transaction costs, and facilitates a more efficient and sustainable energy marketplace.

Outcome

A functional blockchain-based platform for decentralized energy trading, fostering a

transparent and efficient marketplace for peer-to-peer energy transactions.