Energy Trading Blockchain Framework Agents Modeling Approach

The growing interest in decentralized production of renewables calls for new energy trade approaches. An energy blockchain platform enables a decentralized energy market, to eliminate the need of an intermediary trust entity. We proposed to explore the design of an energy blockchain platform in the Qatari context using an ABM simulation framework with real-world data from households in Doha. The aim of this paper was to illustrate the essential components and functioning of a blockchain system and implement a generic ABM simulation framework for energy exchange. A major novel contribution of this work was the development of a virtual environment to test and validate the secure and equitable energy trading among participants using a simplified agent modeling approach to analyze the impacts of peer-to-peer energy trading on market operational performance.