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
Blockchain in Energy Communities, A proof of concept
Kounelis Ioannis,Giuliani Raimondo,Geneiatakis Dimitrios,Di Gioia Rosanna,Karopoulos Georgios,Steri Gary,Neisse Ricardo,Nai Fovino Igor +7 more
Proceedings ArticleDOI
Digitizing Invoice and Managing VAT Payment Using Blockchain Smart Contract
TL;DR: Experiential results show that the new model not only saves the cost for authenticating transactions but also protects the data from hacker’s attacks due to consensus property of the Blockchain technology.
Journal ArticleDOI
Load balancing in decentralized smart grid trade system using blockchain
Kashif Inayat,Seong Oun Hwang +1 more
Journal ArticleDOI
Security, Privacy, and Trust on Internet of Things
TL;DR: The goal of this special issue was to attract high-quality contributions from researchers working in the broad area of security, privacy, and trust for IoT ecosystems, including but not limited to cloud computing-based security solutions for IoT data, mobile service privacy for IoT devices, standardization efforts related to IoT, and more.
Journal ArticleDOI
Energy trading IoT system based on blockchain
TL;DR: By integrating homomorphic encryption, blockchain and other technologies, this work has implemented a secure energy trading system based on blockchain that can provide more secure user services and better protect the privacy of users.
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
G. Wood,Marcus Newborough +1 more
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.