Blockchain-Based Secure Energy Trading With Mutual Verifiable Fairness in a Smart Community

【Author】 Yahaya, Adamu Sani; Javaid, Nadeem; Javed, Muhammad Umar; Almogren, Ahmad; Radwan, Ayman

【Source】IEEE TRANSACTIONS ON INDUSTRIAL INFORMATICS

【影响因子】11.648

【Abstract】This article proposes an energy trading model basedon blockchain to manage and supervise the trading process. In the model, proof-of-energy reputation generation and proof-of-energy reputation consumption consensus mechanisms are proposed to solve the high computational cost and huge monetary investment issues created by the existing consensus mechanisms. Similarly, a mutual verifiable fairness mechanism based on time commitment is presented, which is introduced to prevent cheating attacks in the model. The proposed model's performance is assessed using energy cost, peak-to-average ratio, and trust. The simulation results show that the energy cost of the proposed model decreases by 40%. The results for the load balancing depict that the values of peak-to-average ratio of the proposed model with 20% and 50% peak demand reduction are 6.88 and 3.50, which are lower than 9.17 of the benchmark model. Moreover, the proposed model's results show satisfactory performance for privacy and security of the system.

【Keywords】Blockchains; Computational modeling; Load modeling; Security; Smart meters; Investment; Smart cities; Blockchain; energy trading (ET); proof-of-energy reputation consumption (PoERC); proof-of-energy reputation generation (PoERG); verifiable fairness

【发表时间】2022 NOV

【收录时间】2022-10-17

【文献类型】理论模型

【主题类别】

区块链应用-实体经济-能源领域