Smart contract formation enabling energy‐as‐a‐service in a virtual power plant

Energy as a service (EaaS) is an emerging business model that enables the otherwise passive energy consumers to play active role and participate in utility services. This platform formed through smart contracts registering peer-to-peer (P2P) transactions of price quantity. Many industries, including finance, have already leveraged introduce digital currencies. At this time, industry faced with challenge how structure contract formation local market. Specifically, they are maintaining balance between generation demand while enabling traceability, security, unbiased transactions, especially within virtual power plant. article aims at addressing aforementioned challenges. In particular, investigates microgrids market, ensure resiliency incomplete information. Taking various asset dimensions profiles into account, simulations performed. A novel evolutionary computing strategy simulation proposed. comparison made among random order, selection, profit-based ranking, for coordinating formation. The discussions draw attention each method's advantages disadvantages terms their value forming