Research on the application of block chain technology in electricity trading system

Abstract

As the technical basis of Bitcoin, block chain has the characteristics of decentralization ， openness and transparency. In order to promote the development of security and openness of power trading system and solve the trust problem among participants in power market，a new research direction of power trading method based on block chain is proposed. Therefore，this paper outlines the block chain，explains the definition and characteristics of block chain in detail，discusses the application of block chain in power trading system，and summarizes the challenges faced by block chain technology in power trading system.