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An Exploratory Study on Trust in Blockchain-Enabled Energy Trading

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Dependable Computing – EDCC 2024 Workshops (EDCC 2024)

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Abstract

This exploratory study investigates the relationship between trust and blockchain technology (BCT) in peer-to-peer (P2P) energy trading within smart grids. The research highlights the various benefits BCT brings to P2P energy trading, such as improved efficiency, cost reduction, and the optimization of renewable energy distribution. However, it also identifies significant barriers to the contribution of BCT to the removal of trust in this context. The paper explores how trust is established in blockchain systems and the paradoxical need for trust among parties for BCT adoption in energy trading, despite its trust-removing premise, due to its reliance on oracles for data collection. It also examines the blockchain trilemma and how solutions to the lack of scalability might reintroduce centralisation, affecting trust in BCT-enabled P2P energy trading. The study suggests that BCT may not be able to remove the need for trust and trusted intermediaries in P2P energy trading and calls for more qualitative research to assess the actual impact of BCT on trust in P2P energy trading and to compare traditional and blockchain-based systems in this domain.

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This project has received funding from the European Union’s Horizon 2020 research and innovation programme under the Marie Skłodowska-Curie grant agreement No 101007820. This publication reflects only the author’s view and the REA is not responsible for any use that may be made of the information it contains.

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  1. University of Macerata, Piaggia dell’Università, 2, 62100, Macerata, MC, Italy

    Niccolò Testi

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  1. RISE Research Institutes of Sweden, Borås, Sweden

    Behrooz Sangchoolie

  2. Fraunhofer IESE, Kaiserslautern, Germany

    Rasmus Adler

  3. University of York, York, UK

    Richard Hawkins

  4. Fraunhofer IKS, Munich, Germany

    Philipp Schleiss

  5. KU Leuven, Geel, Belgium

    Alessia Arteconi

  6. Università Politecnica delle Marche, Ancona, Italy

    Adriano Mancini

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Testi, N. (2024). An Exploratory Study on Trust in Blockchain-Enabled Energy Trading. In: Sangchoolie, B., Adler, R., Hawkins, R., Schleiss, P., Arteconi, A., Mancini, A. (eds) Dependable Computing – EDCC 2024 Workshops. EDCC 2024. Communications in Computer and Information Science, vol 2078. Springer, Cham. https://doi.org/10.1007/978-3-031-56776-6_11

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