IoT and Blockchain Based Peer to Peer Energy Trading Pilot Platform

The growing energy demand and rising number of prosumers of the low-cost renewable energy, require state-of-the-art energy management solution without involvement of a thirdparty. Internet of things (IoT) and blockchain based Peer to Peer(P2P) energy trading model is the one, where peers can participatein the electricity market and trade energy independently. This pilotstage research gives all the basic understanding with technicaldetails of an IoT and blockchain based peer to peer (P2P) energytrading platform. It fulfills the needs of prosumers and give economic benefits to the participants. The proposed Peer to Peer(P2P) energy trading platform provides all the key features like energy transfer, metering, money transfer to facilitate energytrading. The proposed system uses only open source software.