Trustless coordination mechanism for smart grid energy markets, a game theoretic approach

Increasing the amount of  installed renewable energy sources such as solar and wind is an essential step towards the decarbonization of the energy sector. From a technical point of view, however, the stochastic nature of distributed energy resources (DER) causes operational challenges. Among them, unbalance between production and consumption, overvoltage and overload of grid components are …

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Reimagining A Cryptocurrency Energy Economy with Hive Power

We’ve always claimed that our vision at Hive Power is to create a world that shares energy to ensure a better and brighter future. One of the ways we are doing just that, is by bringing solutions to a range of challenges being faced not just in the energy market, but also across blockchain technologies …

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Why the energy market needs decentralized architectures

One of the reasons for the high popularity of cryptocurrencies is that they allow a decentralized economic system. This point is unanimously considered pivotal in the crypto world, where the worst insult for a project is calling it ‘centralized’. However, the definition of decentralization is often hardly understood. Even worse, a recent study shows that …

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Installing Raiden on a Raspberry Pi 3

The integration of IoT and Ethereum is emerging as a powerful solution for data management using the blockchain technology. Unfortunately, at present the speed and storage requirements of a typical IoT application exceed the capabilities of the public Ethereum blockchain. The reasons are mainly two, the former is the block time, currently too high to …

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Can blockchain boost the distribution of renewables?

In the latter years the world faced an amazing adoption of renewable energy sources, mainly solar and wind. Initially, the rapid advancement of these technologies was driven by strong incentive programs, first in Europe and therefore in the rest of the world; in parallel, technical improvements and economies of scale of manufacturers, mainly Asian, have …

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Hive Power: shared energy for a brighter future

The power sector is facing a paradigm change, moving from a centralized approach with big power plants (hydro, coal, gas and nuclear) leading the energy market to a decentralized scenario adopting distributed energy resources (DER), such as solar and wind. In this picture, a new actor is emerging: the prosumer, i.e. households or organizations which …

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