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      • Open Access Article

        1 - Examining the potential of the energy exchange in performance resistive economic policies and transparency in capital market information
        Reza Raei Hosseyn Karami
        Abstract: Given the importance of the share of oil revenues in the budget of oil-rich countries, the change of Iranian economic approach from the export of raw materials and natural resources towards the export of products and technical services in line with resistive e More
        Abstract: Given the importance of the share of oil revenues in the budget of oil-rich countries, the change of Iranian economic approach from the export of raw materials and natural resources towards the export of products and technical services in line with resistive economy polices has been taken into consideration as a significant matter. In order to achieve this change of approach, the formation of Iranian energy exchange as the fourth capital market exchange was necessary. Besides, the existence of huge reserves of petroleum and natural gas resources as well as appropriate potentials such as powerful refinery and petrochemical complexes that provide the possibility of processing, refining, and conversion of underground sources to oil and higher valued products will significantly contribute to the realization and globalization of resistive economy paradigm which relies on competition and concentration on strengths and opportunities ahead. Furthermore, the exploration of infrastructures needed for the formation of energy exchange and the feasibility study of Iranian capital market conditions compared to international energy exchanges and the establishment of Iranian Energy Exchange will pave the way for the introduction of Iranian financial oil market in the form of the first energy exchange in the Persian Gulf region and make it possible for Iran to become a huge center of energy economy in the international arena. The possibility of liberalization, removal of monopoly, transparency, and price discovery in the competitive environment of the market supply and demand will result in information transparency for cost and sales prices of domestic products and exports of refinery and petrochemical entities listed in the capital market. Furthermore, such information transparency on the performance of firms that involved in oil and gas industry will provide a secure environment for actual and legal investors to make informed investment decisions and thus to earn good returns. Finally, as the findings of the present study suggest; currently it is possible to introduce Iranian energy exchange as a reference for the discovery of prices of crude oil and those of petroleum and petrochemical products in the future. Manuscript profile
      • Open Access Article

        2 - Design and Implementation of a Local Blockchain-based Peer-to-Peer Energy Exchange Platform
        Mohammad Reza Jabbarpour Alimohammad Saghiri
        In recent years, attention to renewable energy and distributed generation has increased due to increased energy demand and environmental pollution. To this end, in the new power grid structure, consumers can also play a producer role. Considering that the number of pros More
        In recent years, attention to renewable energy and distributed generation has increased due to increased energy demand and environmental pollution. To this end, in the new power grid structure, consumers can also play a producer role. Considering that the number of prosumers in this structure is much more than traditional power networks, the need for a secure, transparent, fast, scalable platform for energy exchanges has greatly increased. Blockchain technology can provide such a platform due to its unique properties. Although there are many blockchain-based platforms in different countries in enregy field, but in Iran there is no such platform. Therefore, the main purpose of this paper is to design and implement a local pilot platform for peer-to-peer blockchain-based energy exchange, taking into account the specific conditions of Iran's electricity grid. The macro platform architecture is designed based on the concept of Minimum Viable Product (MVP) considering functional and non-functional requirements in the form of unified modeling language (UML) diagrams. The proposed platform pilot has been implemented in the form of 4 main elements including smart contract, user interface, blockchain platform, and blockchain and non-blockchain databases and has been evaluated and tested using different scenarios. These tests mainly include the unit test and the integrity test, which were successfully performed on the platform. This platform has been designed and implemented for the first time in Iran in accordance with the Ethereum protocol and based on microservice architecture. In addition to the ability to integrate with Ethereum-based systems, this platform is scalable due to its modular design. Manuscript profile