NILGNov 17, 2023

Decentralized Energy Marketplace via NFTs and AI-based Agents

arXiv:2311.10406v18 citationsh-index: 22Has Code
Originality Incremental advance
AI Analysis

This research addresses incentive alignment and transparency challenges in energy trading for smart grid infrastructures, representing a domain-specific incremental advancement.

The paper tackles decentralized energy trading among smart homes by integrating blockchain, NFTs, and federated deep reinforcement learning, resulting in a scalable system that optimizes energy distribution with demonstrated effectiveness.

The paper introduces an advanced Decentralized Energy Marketplace (DEM) integrating blockchain technology and artificial intelligence to manage energy exchanges among smart homes with energy storage systems. The proposed framework uses Non-Fungible Tokens (NFTs) to represent unique energy profiles in a transparent and secure trading environment. Leveraging Federated Deep Reinforcement Learning (FDRL), the system promotes collaborative and adaptive energy management strategies, maintaining user privacy. A notable innovation is the use of smart contracts, ensuring high efficiency and integrity in energy transactions. Extensive evaluations demonstrate the system's scalability and the effectiveness of the FDRL method in optimizing energy distribution. This research significantly contributes to developing sophisticated decentralized smart grid infrastructures. Our approach broadens potential blockchain and AI applications in sustainable energy systems and addresses incentive alignment and transparency challenges in traditional energy trading mechanisms. The implementation of this paper is publicly accessible at \url{https://github.com/RasoulNik/DEM}.

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