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A Green Electricity Certificate Scheme Based on Blockchain

Published: 20 September 2024 Publication History

Abstract

As the demand for renewable energy continues to grow, the transparency and credibility of green power certificate transactions have become extremely important. In this paper, an innovative solution is proposed to address the current authentication and traceability challenges faced by green power certificates. The solution integrates the purchase agreement, payment agreement, and non-transferable agreement into a single trading system, aiming to fundamentally solve the problem of repeated green certificate transactions. A security analysis has shown that the solution not only greatly improves the credibility of renewable energy utilization, but also provides a more secure, transparent and effective platform for green power certificate trading.

References

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Cabrera-Gutierrez A J, Castillo E, Escobar-Molero A, Morales D P and Parrilla L,“ Blockchain-based implementation of tradable green certificates,” In 2023 18th Conference on Ph. D Research in Microelectronics and Electronics (PRIME), 2023,pp. 213-216.
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Zhao F, Guo X and Chan W K,“Individual green certificates on blockchain: A simulation approach,”Sustainability, vol 12(9),pp. 3942,May 2020.
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Lu X, Guan Z, Zhou X, Du X, Wu L, Guizani M,“A Secure and Efficient Renewable Energy Trading Scheme Based on Blockchain in Smart Grid,” In Proceedings of the 2019 IEEE 21st International Conference on High Performance Computing and Communications,IEEE 17th International Conference on Smart City, IEEE 5th International Conference on Data Science and Systems, 2019, pp. 1839–1844.
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FAIML '24: Proceedings of the 2024 3rd International Conference on Frontiers of Artificial Intelligence and Machine Learning
April 2024
379 pages
ISBN:9798400709777
DOI:10.1145/3653644
Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than the author(s) must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected].

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Association for Computing Machinery

New York, NY, United States

Publication History

Published: 20 September 2024

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Author Tags

  1. Blockchain
  2. Green certificate
  3. Non-transferability
  4. Traceability

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