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Decentralized Energy Marketplace via NFTs and AI-based Agents

arXiv 2311.10406 ↗First posted 17 Nov 2023cs.NI cs.LGcited by 0

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Abstract (arXiv)

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 urlhttps://github.com/RasoulNik/DEM.

Key facts. No citing papers in the map yet (data through 14 Oct 2026). Builds on 7 of its 17 references that are in the map. First posted on arXiv 17 Nov 2023.

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References · 7

  1. 2018Soft Actor-Critic: Off-Policy Maximum Entropy Deep Reinforcement Learning with a Stochastic Actorcited by 4,885
  2. 2015Continuous control with deep reinforcement learningcited by 3,407
  3. 2019Soft Actor-Critic for Discrete Action Settingscited by 174
  4. 2023Zero-Knowledge Proof-based Verifiable Decentralized Machine Learning in Communication Network: A Comprehensive Surveycited by 18
  5. 2022A Federated DRL Approach for Smart Micro-Grid Energy Control with Distributed Energy Resourcescited by 8
  6. 2021Continuous Multi-objective Zero-touch Network Slicing via Twin Delayed DDPG and OpenAI Gymcited by 4
  7. 2021Blockchain-Based Decentralized Energy Management Platform for Residential Distributed Energy Resources in A Virtual Power Plantcited by 3

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