Exploring auction based energy trade with the support of MAS and blockchain technology

Abstract

This document describes a simulation of the local energy market with support of multi-agent approach and blockchain technology. The investigated points include blockchain technology and its applications, Ethereum platform and smart contracts as a tool for storing data of operations and creating assets, multi-agent approach to model the local energy market. The document explores building a solution for proposed problem with blockchain technology, agent interactions on the simulated market and auction models, that provide sustainability and profit for the local energy market overall.