A multilayered semi-permissioned blockchain based platform for peer to peer energy trading

Ishtiaque Zaman, Miao He

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

The recent spike in microgeneration of renewable energy is demanding a smart, reliable, secured and efficient technology to enable Peer to Peer (P2P) energy trading. Due to the inherent characteristics, blockchain has been a preferred technology for realizing P2P energy trading. However, blockchain implementations for P2P energy trading so far are suffering from critical challenges such as security, privacy and scalability. In this paper, we introduce a P2P energy trading platform that leverages the popular blockchain technology and addresses these concerns. In particular, a multilayered semi-permissioned blockchain based platform along with a Quality of Transaction (QoT) module is proposed as a trading platform that can be used for transaction of energy. A two stage blockchain architecture, backed by QoT, ensures proper verification and validation of the participants and transactions. We present two use cases that demonstrate two different attack scenarios to highlight the resiliency of the proposed framework. Finally, a qualitative analysis shows the effectiveness of the system with respect to security, privacy and scalability.

Original languageEnglish
Title of host publicationProceedings - 2021 13th Annual IEEE Green Technologies Conference, GREENTECH 2021
PublisherIEEE Computer Society
Pages279-285
Number of pages7
ISBN (Electronic)9781728191393
DOIs
StatePublished - Apr 2021
Event13th Annual IEEE Green Technologies Conference, GREENTECH 2021 - Denver, United States
Duration: Apr 7 2021Apr 9 2021

Publication series

NameIEEE Green Technologies Conference
Volume2021-April
ISSN (Electronic)2166-5478

Conference

Conference13th Annual IEEE Green Technologies Conference, GREENTECH 2021
Country/TerritoryUnited States
CityDenver
Period04/7/2104/9/21

Keywords

  • Consensus
  • Distributed Energy Resources
  • Peer-to-Peer Energy Trading
  • Permissioned Blockchain

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