ABSTRACT
Electricity is the most significant input product for most businesses in today's globe. Electricity has contributed in the discovery of groundbreaking discoveries and developments while also serving as the most significant constraint in the economic growth over time. As distributed energy resources are integrated into microgrids, energy consumers are gradually turning prosumers, or users who simultaneously make and consume energy. Peer-to-peer (P2P) energy markets have sprung up as a result, allowing prosumers to exchange their excess energy. Nevertheless, in such markets, there are worries regarding privacy and security.
Consumers are hesitant to surrender their influence in an untrusted and opaque environment. In a P2P energy market, an intermediary monitors the transaction process between market participants, putting prosumers' privacy at risk. As a result, prosumers must trade their energy on a uniform and stable energy trading market. To address these security and privacy concerns, this chapter proposes a safe energy trading market where prosumers can trade their energy without jeopardizing their privacy, based on the capabilities of the blockchain innovation.
