Interest in transactive energy frameworks (TEFs) is proliferating due to the modern smart grid paradigm. This paper proposes a TEF

which applies auction-theory

incorporates a system of agents

and facilitates a transactive energy market (TEM) through an auctioneer. Further

it also enables peer-to-peer (P2P) energy trading among the residential buildings in community microgrid for possible monetary benefits. In this framework

there are three agents

namely

auctioneer

participants

and utility. The auctioneer is a managing agent modeled using auction theory to determine day-ahead internal market-clearing price and quantity. The participants are autonomous and rational decision-makers; they aim to minimize their electricity bills through the demand response (DR) management. Two types of architectures

one with the third-party agent demonstrated using the MATLAB environment and the other with the virtual agent (without third-party) implemented using the blockchain environment are presented. The simulation results reflect significant monetary benefits to each market participant

improved community self-sufficiency

self-consumption

and reduced reliance on the utility grid.