【Author】
Iqbal, Atif; Rajasekaran, Arun Sekar; Nikhil, Gadilli Sai; Azees, Maria
【Abstract】In this work, a secure and decentralized Blockchain based energy trading model for electric vehicles (EVs) using Smart contract that achieves Peer-to-Peer (P2P) transactions between EVs in Vehicle to Grid networks is designed. The traditional energy trading model is a centralized structure based on trusted third parties, and there may an issue of single-point failure and leakage of privacy. In this way, a blockchain-based framework offers a secure, efficient and transparent trading model. Initially, the participating EVs and aggregator in the trading process should register at the trusted authority. Once the registration is successfully completed, both EVs and aggregator authenticate each other mutually in an anonymous manner. Moreover, only authorized EVs (charging and discharging EVs) participate in the contrary auction mechanism to exchange power/money based on their demand. Simulation conducted for the proposed scheme shows that our scheme has high speed (i.e., less computational time and execution time) which improves the market efficiency. In-addition, the transactions are non tamperable, when compared to the conventional scheme.
【Keywords】Blockchain; Vehicle-to-grid; Heuristic algorithms; Pricing; Vehicle dynamics; Smart contracts; Electric vehicle charging; Bilinear pairing; blockchain; electric vehicle; smart contract; vehicle to grid
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