Blockchain-Based Energy Management: A Comprehensive Guide for Effective Energy sharing

This paper presents a novel approach to optimize energy exchanges in local energy communities using a private blockchain environment. The proposed system leverages the benefits of blockchain technology, such as decentralization, immutability, and transparency, to address the challenges faced by traditional energy management systems. It specifically focuses on optimizing energy exchanges while respecting individual preferences and objectives. Comprehensive guidelines are provided for the development of blockchain-based applications that facilitate effective energy optimization. Simulations conducted on real data demonstrate that consensus is achieved after a few iterations. A metric introduced in this context is “Gas spent” quantifying the computational efforts essential for blockchain operations and evaluating the efficiency and resource used.