Journal ArticleDOI
Enabling Localized Peer-to-Peer Electricity Trading Among Plug-in Hybrid Electric Vehicles Using Consortium Blockchains
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
More filters
Journal ArticleDOI
A Digital Record for Privacy and Security in Internet of Things
TL;DR: This paper presents a model of a digital home which is attempted to prove the various applications used by internet of things and Efficient Lightweight Integrated Block Chain model is presented, which saves 60% of time processing while consuming the energy of 0.08 Jm.
Journal ArticleDOI
An Auction Pricing Model for Energy Trading in Electric Vehicle Networks
TL;DR: In this article , the authors proposed an innovative market formulation in which autonomous vehicles and smart charging and discharging stations are motivated to cooperate dynamically with changing roles, and adopted a double auction strategy that is repeated in steps.
Proceedings ArticleDOI
A Practical Byzantine Fault Tolerance Blockchain for Securing Vehicle-to-Grid Energy Trading
TL;DR: A practical byzantine fault tolerance (PBFT) is utilized for achieving the consensus in blockchain network and it states that for the attack to be successful 33% information is to be manipulated as mentioned in this paper .
Journal ArticleDOI
A Distributed Power Trading Scheme Based on Blockchain and Artificial Intelligence in Smart Grids
TL;DR: Wang et al. as discussed by the authors proposed a distributed power trading scheme based on blockchain and artificial intelligence to protect the legitimate rights and interests of consumers and producers, credibility is used as an indicator to restrict untrustworthy behavior, and a weighted communication tree construction algorithm is designed to achieve superior data forwarding.
Journal ArticleDOI
Cloud enabled Blockchain-based secured communication in mutual intelligent transportation using neural synchronization
TL;DR: In this article , the authors examined the application of blockchain as middleware among diverse stakeholders of intelligent transportation systems, and provided an approach for establishing secure payment and communication in response to this problem.
References
More filters
Book
Convex Optimization
Stephen Boyd,Lieven Vandenberghe +1 more
TL;DR: In this article, the focus is on recognizing convex optimization problems and then finding the most appropriate technique for solving them, and a comprehensive introduction to the subject is given. But the focus of this book is not on the optimization problem itself, but on the problem of finding the appropriate technique to solve it.
Journal ArticleDOI
Rate control for communication networks: shadow prices, proportional fairness and stability
TL;DR: This paper analyses the stability and fairness of two classes of rate control algorithm for communication networks, which provide natural generalisations to large-scale networks of simple additive increase/multiplicative decrease schemes, and are shown to be stable about a system optimum characterised by a proportional fairness criterion.
Proceedings ArticleDOI
A Secure Sharding Protocol For Open Blockchains
TL;DR: ELASTICO is the first candidate for a secure sharding protocol with presence of byzantine adversaries, and scalability experiments on Amazon EC2 with up to $1, 600$ nodes confirm ELASTICO's theoretical scaling properties.
Journal ArticleDOI
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
TL;DR: A CM2M communications architecture for the smart grid is presented, for which an energy-efficiency driven spectrum discovery scheme is presented and significant energy saving and the reliability in supporting data transmissions in thesmart grid are demonstrated.