- Title
- Resilience of stablecoin reserve for distributed energy trading
- Creator
- Islam, Md Ezazul; Chetty, Madhu; Lim, Suryani; Chadhar, Mehmood; Islam, Syed
- Date
- 2022
- Type
- Text; Conference paper
- Identifier
- http://researchonline.federation.edu.au/vital/access/HandleResolver/1959.17/192907
- Identifier
- vital:18073
- Identifier
-
https://doi.org/10.1109/APPEEC53445.2022.10072088
- Identifier
- ISBN:2157-4839 (ISSN); 9781665467384 (ISBN)
- Abstract
- For payment settlement, a blockchain-based Peer-To-Peer (P2P) energy trading requires a stable medium of exchange with little price volatility. Stablecoins, the most suitable medium of exchange, gaining concentration even from central banks. A consortium of central banks recommends complying with capital and liquidity standards for the high-quality liquid asset (HQLA) for the solvency of banks or financial institutions. Stablecoin as HQLA requires the adaption of such standards in P2P energy trading for reserve resilience. We propose a mechanism (NF90) that controls the inflow of stablecoins responding to Liquidity Coverage Ratio (LCR) for reserve resilience. Basel III accord recommends 100% of LCR. We measure the efficiency of NF90 concerning LCR as a metric. We simulate the proposed mechanism in Hyperledger Fabric as a permissioned blockchain platform for decentralisation, data storage, and smart contract. Experiments show that NF90 is the most efficient inflow control mechanism compared to other simulated mechanisms. © 2022 IEEE.
- Publisher
- IEEE Computer Society
- Relation
- 14th IEEE PES Asia-Pacific Power and Energy Engineering Conference, APPEEC 2022, Melbourne, Australia, 20-23 November 2022, Asia-Pacific Power and Energy Engineering Conference, APPEEC Vol. 2022-November
- Rights
- All metadata describing materials held in, or linked to, the repository is freely available under a CC0 licence
- Rights
- Copyright © 2022 by IEEE
- Subject
- Basel Accord; Blockchain; Energy Trading; Peer-To-Peer (P2P); Stablecoins
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