scispace - formally typeset
Journal ArticleDOI

Security and Privacy in Decentralized Energy Trading Through Multi-Signatures, Blockchain and Anonymous Messaging Streams

Reads0
Chats0
TLDR
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.
Abstract
Smart grids equipped with bi-directional communication flow are expected to provide more sophisticated consumption monitoring and energy trading. However, the issues related to the security and privacy of consumption and trading data present serious challenges. In this paper we address the problem of providing transaction security in decentralized smart grid energy trading without reliance on trusted third parties. We have 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. We conducted case studies to perform security analysis and performance evaluation within the context of the elicited security and privacy requirements.

read more

Citations
More filters
Journal ArticleDOI

Cost efficient management of complex financial energy trading systems: Knowledge-based blockchain technique

TL;DR: In this article , a blockchain energy trade plan with privacy (BETPWP) has been developed to manage the distributed transaction, where transaction arbitration in ciphertext form is employed for achieving precise access control.
Proceedings ArticleDOI

Blockchain Technology and Supply Chain Management in a Charity Donation System: A Literature Review

TL;DR: In this paper , a new technology called blockchain is proposed to make the entire process more transparent and reliable in civil supply tracking in India, which will affect the needy people as well as donors who have no trust in the system.
Book ChapterDOI

Security Issues of Blockchain-Based Information System to Manage Supply Chain in a Global Crisis

TL;DR: The chapter describes how the scalability limits of blockchain technology affect the proposed architecture performance that uses it, and provides security threat models, which consider by blockchain protocols in IoT networks.
Proceedings ArticleDOI

Blockchain-Based and Fuzzy Logic-Enabled False Data Discovery for the Intelligent Autonomous Vehicular System

TL;DR: In this article , a blockchain-based fuzzy solution demonstrates a novel false data detection and reputation preservation technique, which filters false and anomalous data based on the vehicles' rules and behaviours.
References
More filters
Proceedings ArticleDOI

Smart Grid Privacy via Anonymization of Smart Metering Data

TL;DR: The method described in this paper provides a 3rd party escrow mechanism for authenticated anonymous meter readings which are difficult to associate with a particular smart meter or customer.
Journal ArticleDOI

Dynamic energy-consumption indicators for domestic appliances: environment, behaviour and design

TL;DR: In this paper, the effectiveness of providing paper-based energy-use/saving information with electronic feedback of energy-consumption via smart meters and displays, or "energyconsumption indicators" (ECI) is reviewed.
Book ChapterDOI

Evaluating User Privacy in Bitcoin

TL;DR: This research examines the use of pseudonymity in the Bitcoin network, and the role that it plays in the development of trust and confidence in the system.
Proceedings ArticleDOI

Private memoirs of a smart meter

TL;DR: It is shown that even without a priori knowledge of household activities or prior training, it is possible to extract complex usage patterns from smart meter data using off-the-shelf statistical methods.
Related Papers (5)