scispace - formally typeset
Journal ArticleDOI

Enabling Localized Peer-to-Peer Electricity Trading Among Plug-in Hybrid Electric Vehicles Using Consortium Blockchains

Reads0
Chats0
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 PHEVs

read more

Citations
More filters
Journal ArticleDOI

Study on electromechanical performance of steering of the electric articulated tracked vehicles

TL;DR: This study provides a reference for the theoretical analysis of electromechanical performance, road driving performance and vehicle design of the electric ATV.
Proceedings ArticleDOI

A Blockchain-based Distributed Non-cooperative Transactive Energy Market

TL;DR: In this paper, a blockchain-based distributed non-cooperative transactive energy market that can be easily integrated with existing electricity market framework is proposed. And the details of blockchainbased market architecture including primary components and trading process are subsequently presented.
Proceedings ArticleDOI

Electric Vehicle P2P Electricity Transaction Model Based on Superconducting Energy Storage and Consortium Blockchain

TL;DR: Simulation and analysis results show that the introduction of energy storage technology can improve the regional economy, and blockchain technology reduces the difficulty of implementing P2P transactions.
Posted Content

Security & Privacy in IoT Using Machine Learning & Blockchain: Threats & Countermeasures.

TL;DR: A summary of research efforts made in the past few years, starting from 2008 to 2019, addressing security and privacy issues using ML algorithms and BCtechniques in the IoT domain is provided.
Journal ArticleDOI

Sharded Blockchain for Collaborative Computing in the Internet of Things: Combined of Dynamic Clustering and Deep Reinforcement Learning Approach

TL;DR: Wang et al. as mentioned in this paper proposed a clustering-based sharded blockchain strategy for collaborative computing in the IoT, where the sharding of the blockchain system is implemented in two steps: clustering based user grouping and the assignment of consensus nodes.
References
More filters
Book

Convex Optimization

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.
Related Papers (5)