Figure 7. Uprising of Blockchain technology
4.3. Blockchain P2P Energy Trade
The introduction of prosumers and SGs opens up new electricity trading
opportunities, allowing participants to conduct energy transactions
(including prosumers, grids and energy storage). Since energy is the
most critical economic development system, this paradigm shift in energy
trading necessitates establishing a stable, reliable structure and
promotes energy economics [117]. Furthermore, trading mechanisms
should become more decentralized to safely open up the market to more
participants (as illustrated in Figure 8).