Journal ArticleDOI
Enabling Localized Peer-to-Peer Electricity Trading Among Plug-in Hybrid Electric Vehicles Using Consortium Blockchains
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TLDR
Numerical results indicate that the double auction mechanism can achieve social welfare maximization while protecting privacy of the PHEVs and security analysis shows that the proposed PETCON improves transaction security and privacy protection.Abstract:
We propose a localized peer-to-peer (P2P) electricity trading model for locally buying and selling electricity among plug-in hybrid electric vehicles (PHEVs) in smart grids Unlike traditional schemes, which transport electricity over long distances and through complex electricity transportation meshes, our proposed model achieves demand response by providing incentives to discharging PHEVs to balance local electricity demand out of their own self-interests However, since transaction security and privacy protection issues present serious challenges, we explore a promising consortium blockchain technology to improve transaction security without reliance on a trusted third party A localized P 2P E lectricity T rading system with CO nsortium blockchai N (PETCON) method is proposed to illustrate detailed operations of localized P2P electricity trading Moreover, the electricity pricing and the amount of traded electricity among PHEVs are solved by an iterative double auction mechanism to maximize social welfare in this electricity trading Security analysis shows that our proposed PETCON improves transaction security and privacy protection Numerical results based on a real map of Texas indicate that the double auction mechanism can achieve social welfare maximization while protecting privacy of the PHEVsread more
Citations
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Proceedings ArticleDOI
Dynamic Pricing for Microgrids Energy Transaction in Blockchain-based Ecosystem
TL;DR: A physical architecture of the ecosystem with MGs and DSO is presented, and the energy transaction and management based on the blockchain will result in higher reliability and improved auditability in the ecosystem.
Journal ArticleDOI
An Efficient and Secure Energy Trading Approach with Machine Learning Technique and Consortium Blockchain
Tehreem Ashfaq,Muhammad Irfan Khalid,Gauhar Ali,Mohammad El Affendi,Jawaid Iqbal,Saddam Hussain,Syed Sajid Ullah,Adamu Sani Yahaya,Rabiya Khalid +8 more
TL;DR: An attacker model is designed to check the robustness of the proposed system against double-spending and replay attacks, and the proposed work efficiently reduces the charging cost and time in a VEN.
Journal ArticleDOI
A Self-Trading and Authenticated Roaming Scheme Based on Blockchain for Smart Grids
TL;DR: In this paper , the authors proposed a decentralized peer-to-peer electricity trading scheme to enable automated electricity transmission (using smart contract instead of some centralized entity), and their blockchainbased anonymous authentication scheme to facilitate fast and privacy-aware roaming, in order to achieve privacy protection.
Journal ArticleDOI
Risk-based energy management of industrial buildings in smart cities and peer-to-peer electricity trading using second-order stochastic dominance procedure
TL;DR: In this article , the P2P electricity trading methodology is considered for an industrial site, and a central battery as the shared storage unit is applied to evaluate the financial risks of the system.
Journal ArticleDOI
Efficient Privacy-Preserving and Secure Authentication for Electric-Vehicle-to-Electric-Vehicle-Charging System Based on ECQV
TL;DR: In this paper , an efficient privacy-preserving and secure authentication based on Elliptic Curve Qu-Vanstone (ECQV) was proposed for a V2V-charging system that fulfils the essential requirements and re-authentication protocol in order to reduce the overhead of future authentication processes.
References
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Book
Convex Optimization
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Rate control for communication networks: shadow prices, proportional fairness and stability
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A Secure Sharding Protocol For Open Blockchains
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Security and Privacy in Decentralized Energy Trading Through Multi-Signatures, Blockchain and Anonymous Messaging Streams
TL;DR: This paper has implemented a proof-of-concept for decentralized energy trading system using blockchain technology, multi-signatures, and anonymous encrypted messaging streams, enabling peers to anonymously negotiate energy prices and securely perform trading transactions.
Journal ArticleDOI
Cognitive machine-to-machine communications: visions and potentials for the smart grid
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