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A Blockchain Architecture for Hourly Electricity Rights and Yield Derivatives

Author

Listed:
  • Volodymyr Evdokimov

    (G.E. Pukhov Institute for Modelling in Energy Engineering of the NAS of Ukraine, 03164 Kyiv, Ukraine)

  • Anton Kudin

    (G.E. Pukhov Institute for Modelling in Energy Engineering of the NAS of Ukraine, 03164 Kyiv, Ukraine
    National Bank of Ukraine, 01601 Kyiv, Ukraine
    Department of Mathematical Methods of Information Protection, National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”, 03056 Kyiv, Ukraine)

  • Vakhtanh Chikhladze

    (Department of Mathematical Methods of Information Protection, National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”, 03056 Kyiv, Ukraine)

  • Volodymyr Artemchuk

    (G.E. Pukhov Institute for Modelling in Energy Engineering of the NAS of Ukraine, 03164 Kyiv, Ukraine
    Center for Information-Analytical and Technical Support of Nuclear Power Facilities Monitoring of the National Academy of Sciences of Ukraine, 03142 Kyiv, Ukraine
    Department of Computer Science, Kyiv National Economic University named after Vadym Hetman, 03057 Kyiv, Ukraine)

Abstract

The article presents a blockchain-based architecture for decentralized electricity trading that tokenizes energy delivery rights and cash-flows. Energy Attribute Certificates (EACs) are implemented as NFTs, while buy/sell orders are encoded as ERC-1155 tokens whose tokenId packs a time slot and price, enabling precise matching across hours. A clearing smart contract (Matcher) burns filled orders, mints an NFT option, and issues two ERC-20 assets: PT, the right to consume kWh within a specified interval, and YT, the producer’s claim on revenue. We propose a simple, linearly increasing discounted buyback for YT within the slot and introduce an aggregating token, IndexYT, which accumulates YTs across slots, redeems them at par at maturity, and gradually builds on-chain reserves—turning IndexYT into a liquid, yield-bearing instrument. We outline the PT/YY lifecycle, oracle-driven policy controls for DSO (e.g., transfer/splitting constraints), and discuss transparency, resilience, and capital efficiency. The contribution is a Pendle-inspired split of electricity into Principal/Yield tokens combined with a time-stamped on-chain order book and IndexYT, forming a programmable market for short-term delivery rights and yield derivatives with deterministic settlement.

Suggested Citation

  • Volodymyr Evdokimov & Anton Kudin & Vakhtanh Chikhladze & Volodymyr Artemchuk, 2025. "A Blockchain Architecture for Hourly Electricity Rights and Yield Derivatives," FinTech, MDPI, vol. 5(1), pages 1-15, December.
    • Handle: RePEc:gam:jfinte:v:5:y:2025:i:1:p:2-:d:1825124
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