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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Journal ArticleDOI
An Efficient Vehicle-to-Vehicle (V2V) Energy Sharing Framework
TL;DR: In this paper , a holistic energy management framework for an efficient V2V energy sharing is proposed, which offers a complete overview of the different stages in the V2VM charging problem and introduces possible solutions for each stage and its integration with other stages to form a comprehensive V2M solution, that is not only cost-effective but also maximizes user satisfaction and social welfare, while simultaneously fulfills the highest number of energy demands.
Journal ArticleDOI
Performance evaluation of Hyperledger Fabric-enabled framework for pervasive peer-to-peer energy trading in smart Cyber–Physical Systems
TL;DR: In this paper, a P2P energy trading framework for improving resource utilization and addressing the impending electricity crisis challenge is proposed, in which computation and process control are managed in an adaptive Peer-to-Peer (P2P) manner.
Proceedings ArticleDOI
A Secure Private Charging Pile Sharing Scheme with Electric Vehicles in Energy Blockchain
Yuntao Wang,Zhou Su,Kuan Zhang +2 more
TL;DR: An energy blockchain-based PCPSN framework to enhance the security of distributed energy trading, and a reputation-based secure PCP sharing protocol to efficiently reach consensus in the blockchain with the implement of BLS multi-signature are presented.
Journal ArticleDOI
An Improved Proof-of-Trust Consensus Algorithm for Credible Crowdsourcing Blockchain Services
TL;DR: An improved Proof-of-Trust (PoT) consensus scheme is proposed with the underlying technology of blockchain, which is properly to the crowdsourcing service scenarios and an incentive mechanism based on game theory is designed in this consensus.
Journal ArticleDOI
Blockchain-Based Peer-to-Peer Transactive Energy Management Scheme for Smart Grid System
Aparna Kumari,Urvi Chintukumar Sukharamwala,Sudeep Tanwar,Maria Simona Raboaca,Fayez Alqahtani,Amr Tolba,Ravi Sharma,Ioan Aşchilean,Traian Candin Mihaltan +8 more
TL;DR: In this article , the authors proposed a decentralized and transparent P2P energy trading (DT-P2PET) scheme using blockchain, which aims to reduce the grid's energy generation and management burden while also increasing profit for both consumers and prosumers through a dynamic pricing mechanism.
References
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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.
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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.