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REVIEW article

Front. Energy Res.
Sec. Smart Grids
Volume 12 - 2024 | doi: 10.3389/fenrg.2024.1397975

A Review of Peer-to-Peer Transaction Loss and Blockchain: Challenges and Drivers in the Roadmap to a low carbon future

Provisionally accepted
Maya P Maya P *Abdul s. P Abdul s. P
  • Asian Institute of Technology, Khlong Luang District, Thailand

The final, formatted version of the article will be published soon.

    Adapting to horizontal market structures faces several drivers and challenges in the context of the sustainable energy transition. The inherently decentralized nature qualifies blockchain technology as the major technical driver in the transition to peer-to-peer energy market models. One major technical challenge encountered in the transition process is the active power loss associated with transactions which can cause network congestion and economic loss. A review of existing research around the P2P transaction active power loss problem, examining the potential role of blockchain and the consequent additional costs incurred by blockchain transactions is presented in this article. Consolidating major points, and guiding observations for future research are provided to address the challenges while adapting to the potential driving blockchain technology. A conceptual peer-to-peer trading framework that considers blockchain transaction cost as well as active power loss compensation is also presented.

    Keywords: Decentralization, Peer-to-Peer Energy Trading, Blockchain technology, Network constraints, P2P active power losses, Blockchain usage cost

    Received: 08 Mar 2024; Accepted: 02 Jul 2024.

    Copyright: © 2024 P and P. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

    * Correspondence: Maya P, Asian Institute of Technology, Khlong Luang District, Thailand

    Disclaimer: All claims expressed in this article are solely those of the authors and do not necessarily represent those of their affiliated organizations, or those of the publisher, the editors and the reviewers. Any product that may be evaluated in this article or claim that may be made by its manufacturer is not guaranteed or endorsed by the publisher.