Blockchain Based Trading Mechanism in Microgrid using CHIO Algorithm

Blockchain based microgrid mechanisms can be designed efficiently to provide uninterrupted power supply and to balance load demands dynamically. In this present work, a conceptual design of a microgrid system is proposed in power system modeling. A blockchain based trading mechanism has been implemented on this system. Various optimization algorithms have been used to maximize economic profit. Finally, the Coronavirus Herd Immunity Optimizer (CHIO) algorithm is described to accommodate the impression that arises for the optimal power flow (OPF) and energy capacity. A case study has been provided to authenticate the performance of this method. The result expresses that the present scheme can largely improve the power dispatch and trading system.