LINKS Foundation participated in the IEEE COMPSAC Conference in Japan

IEEE COMPSAC

Earlier this month, our partners from Links Foundation presented the paper “Shaping the Future of Energy Markets: Federated Systems and Blockchain Synergy” at the 48th IEEE International Conference on Computers, Software, and Applications (COMPSAC 2024) in Osaka, Japan.

The conference theme was “Digital Development for a Better Future” and it brought together researchers, developers, practitioners, and policymakers from all over the world to discuss their latest advances in their fields and the challenges they face. Among them are our partners Silvio Meneguzzo, Stefano Bergia, Alessandro Mozzato, and Alfredo Favenza.

 

Shaping the Future of Energy Markets: Federated Systems and Blockchain Synergy

In an era of digital proliferation, especially in the energy and AI sectors, this study introduces a blockchain-based framework to enhance data exchange and utilisation. This infrastructure, grounded in a decentralised Data Marketplace on a blockchain network, ensures secure and transparent interactions among stakeholders while managing real-world data with a federated architecture compliant with regulations. By integrating connector technology for uniform platform interaction and utilising smart contracts for autonomous transactions, this solution advances data integrity and intellectual property management through NFTs and datatokens. Here, energy data within the blockchain represents intellectual property managed by multiple parties, symbolised as NFTs and licensed through datatokens (ERC-20 tokens). This approach enhances security, efficiency, and scalability in energy and AI data sharing, showing potential to foster collaboration and innovation.

 

How is the paper related to DATA CELLAR?

The paper directly ties into the DATA CELLAR Project, which aims to support Local Energy Communities (LECs) in the EU’s energy transition. Our work addresses the challenge of fragmented LEC data by establishing a public energy dataspace that promotes data sharing and digitalisation. By leveraging a blockchain-based marketplace, our framework facilitates secure and standardised data exchanges, enhancing data-driven decision-making and fostering a robust data and service economy.