Project 45: Blockchain and its Application in Energy Internet

Contact Information:

Assoc. Prof. Sijie Chen

Project Description and Objectives:

Blockchain is a decentralized ledger that can enable trustworthy systems at large scales. A copy of the ledger is stored by each participating party and synchronized using a consensus algorithm, making the ledger transparent and robust against cyberattacks. While these technologies have already significantly impacted the financial industry (e.g., Bitcoin), they also have many applications to the power and energy sector.

Applications of blockchain in the energy sector include automatic energy transactions, power system asset ownership tracking, etc. Several demonstrations have been deployed around the world, such as the peer-to-peer energy transaction project deployed in Brooklyn, NY, by LO3Energy, the PowerLedger project backed by the Australian government, and Enerchain, which is joined by a large number of European utilities. Hopefully, these applications will revolutionize the way that energy transactions and power system asset tracking are performed, bringing opportunities for numerous small-scale players.

This project aims to help students learn the basic knowledge of blockchain, explore some typical applications of blockchain technology in the energy sector, build blockchain-enabled energy trading simulation platforms, visit some related pilot projects in Shanghai, and lay the foundation for students to explore further applications.

Eligibility Requirements:

Interested students should be proficient in Python/Go programming language and have basic knowledge of energy/power systems.

Main Tasks:

Acquire basic knowledge of blockchain.

Understand typical applications of blockchain technology in the energy sector.

Explore new applications of blockchain in energy Internet.

Finish a report.

Website:

Lab: http://eei.sjtu.edu.cn/en/default.aspx

School: http://www.seiee.sjtu.edu.cn/