Block Chain Based Transactive Energy System

Abstract

The block chain based Transactive energy system is a complete secure and transparent system which make the consumer to smart prosumer in which the participants can trade with each other in secure manner. In this thesis a complete secure and transparent system is developed for the one consumer and one prosumer with an active smart controller that monitor and control the produce and consumed energy units in a secure and transparent system. In this thesis a secure private Ethereum block chain node is establish and a digital cryptographic currency named as ether is used for the transaction. Two wallets one is for the consumer and other for the prosumer is establish, mining has been done in the prosumer wallet. It's a prepaid system a consumer can get energy units after send the ethers to producer wallets. When the consumer used the total amount of energy that he bought, the controller will switch o the dedicated connection.