Mitsubishi develops a blockchain system for P2P trading of energy

Mitsubishi Electric has teamed up with researchers from the prestigious Japanese Tokuo Tech University to develop a trading systemat the core of the blockchain, which will support P2P energy trading.

The new system is pre-assigned for efficientuse of excess electricity generated from the recovered sources of energy. The purpose of the trading system is to ensure that at any time there will be an undesirable amount of excess electricity available to consumers.

The P2P energy trading system will allowBuyers and sellers should directly enter into transactions. In order to make the new system less dependent on the efficient computing power, Mitsubishi Electric and Tokuo Tech have designed the blockchain in such a way that it will optimize the price

Consistent with the statement, the algorithm is distributedoptimization, which differs from the majority of technical blockchains, allows clients' computers to share their useful data, and to provide a minimum of optimum performance

What Mitsubishi and Tokuo Tech call "newmethod of extraction ", requires not only a smaller number of calculations, but also the execution on the server of microcomputers. In general, this method consists of four stages:

At the first stage, information about the opdepax for the purchaseand the sale is passed to the computing servers during a certain period of time. At the second stage, each server is looking for orders for the purchase and sale, corresponding to the general purpose at the first stage. In the third place, each server is divided by its own search results. On the fourth and the last stage, each server will receive search results and generate a new block, choosing the baked goods that optimally meet the customer's needs.

So that the trade was fair, the search for a solution for each purpose is decentralized, that is, in parallel on several computers, where the equivalent of the output is

The flexibility of the system guarantees that buyers andsellers can make transactions above or below the offer price, if the correct answer is found. Those who are unable to complete the transaction have the right to change the conditions of their provision on the basis of the assessment of the upcoming conditions of provision / operation.

Mitsubishi and Tokuo Tech expect to havethe maximum amount of excess electricity available for trade on the market, the cost of such consumer goods, like electric vehicles, will decrease.

The analogous sector is operated by the Australianthe company Power Ledger, which provides solutions for the exchange of energy on the basis of the blockchains, which include P2P trading, and also feed the quotas and the amount of coal

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