A trusted peer-to-peer market of joint energy and reserve based on blockchain

•A joint energy-reserve prosumer-centric market is proposed.•The trading mechanism not only enables peer-to-peer (P2P) energy trading but also quantifies the reserve cost and the value of flexibility.•A blockchain-based trading algorithm is proposed to implement an autonomous and trustworthy prosumer-centric market.•A pipelined delegated Byzantine fault tolerance (PDBFT) consensus algorithm is proposed to improve the efficiency of blockchain-based energy trading.