TY - GEN
T1 - Distributed Ledger Technologies Based Microgrid Energy Management Using IOTA Tangle
AU - Garcia-Hernandez, Juan
AU - Marin-Collazos, Luis G.
AU - Jimenez-Estevez, Guillermo
AU - Mendoza-Araya, Particio
N1 - Publisher Copyright:
© 2021 IEEE.
PY - 2021
Y1 - 2021
N2 - Microgrids' role in the decentralization of energy systems keeps growing and becoming more and more important. Trading mechanisms have been improved by the incorporation of Distributed Ledger Technologies, mainly Blockchain, offering transactions with improved security, and reduced cost, among other benefits. The study of the implementation of Distributed Ledger Technologies as part of Microgrid Transactive Energy Systems has been narrowed down to the use of Blockchain as trading platform, given the maturity and global acceptance of the technology. Nonetheless, other existing Distributed Ledger Technologies, such as IOTA, Tempo, Holochain, Hashgraph, offer significant improvements in transaction cost, scalability and latency. Therefore, this paper presents the implementation and simulation of an IOTA Tangle based micromarket looking forward to increase the research efforts in other Distributed Ledger Technologies, besides Blockchain. A successful simulator is presented, which offers the possibility of evaluating the results and convenience of implementing a microgrid energy manager based on IOTA Tangle.
AB - Microgrids' role in the decentralization of energy systems keeps growing and becoming more and more important. Trading mechanisms have been improved by the incorporation of Distributed Ledger Technologies, mainly Blockchain, offering transactions with improved security, and reduced cost, among other benefits. The study of the implementation of Distributed Ledger Technologies as part of Microgrid Transactive Energy Systems has been narrowed down to the use of Blockchain as trading platform, given the maturity and global acceptance of the technology. Nonetheless, other existing Distributed Ledger Technologies, such as IOTA, Tempo, Holochain, Hashgraph, offer significant improvements in transaction cost, scalability and latency. Therefore, this paper presents the implementation and simulation of an IOTA Tangle based micromarket looking forward to increase the research efforts in other Distributed Ledger Technologies, besides Blockchain. A successful simulator is presented, which offers the possibility of evaluating the results and convenience of implementing a microgrid energy manager based on IOTA Tangle.
KW - Directed acyclic graph
KW - Distributed ledger technologies
KW - Energy Management
KW - Microgrid
UR - https://www.scopus.com/pages/publications/85126985481
U2 - 10.1109/CHILECON54041.2021.9702926
DO - 10.1109/CHILECON54041.2021.9702926
M3 - Conference contribution
AN - SCOPUS:85126985481
T3 - 2021 IEEE CHILEAN Conference on Electrical, Electronics Engineering, Information and Communication Technologies, CHILECON 2021
BT - 2021 IEEE CHILEAN Conference on Electrical, Electronics Engineering, Information and Communication Technologies, CHILECON 2021
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 2021 IEEE CHILEAN Conference on Electrical, Electronics Engineering, Information and Communication Technologies, CHILECON 2021
Y2 - 6 December 2021 through 9 December 2021
ER -