This research paper addresses the pressing need for sustainable energy practices in the face of global warming, focusing on adopting renewable energy resources (RES) and the increasing prevalence of electric vehicles (EVs) worldwide. The paper proposes a novel approach to optimize energy trading within the EV ecosystem, employing a reverse auction mechanism, dynamic pricing, and blockchain technology. The proposed approach outperforms conventional energy trading methods by providing transparency, security, and scalability in a decentralized energy ecosystem. The research emphasizes the potential of blockchain-enabled reverse auctions for optimal energy trading to revolutionize the energy trading landscape, promoting sustainable energy practices and enhancing efficiency within electric vehicle networks. Finally, the paper envisions a transformative solution that will contribute to a greener energy future and a positive environmental impact.
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Yadav et al. (2024) studied this question.
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