2020/11/13 by Shammya Shananda Saha, Shammya Saha, Saha, Shammya +11
Computer Science · Engineering · #Blockchain Technology Applications and Security #FOS: Electrical engineering #IoT and Edge/Fog Computing #Smart Grid Security and Resilience #Systems and Control (eess.SY) #cs.SY #eess.SY #electronic engineering #information engineering
paper · pdf · doi:10.48550/arxiv.2011.06983
Accepted for Applied Energy
arxiv created 2020/11/13 · openalex publication_date 2020/11/13 · arxiv updated 2020/11/16 · openalex created_date 2022/07/25 · openalex updated_date 2026/07/28
The adoption of blockchain for Transactive Energy has gained significant momentum as it allows mutually non-trusting agents to trade energy services in a trustless energy market. Research to date has assumed that the built-in Byzantine Fault Tolerance in recording transactions in a ledger is sufficient to ensure integrity. Such work must be extended to address security gaps including random bilateral transactions that do not guarantee reliable and efficient market operation, and market participants having incentives to cheat when reporting actual production/consumption figures. Work herein introduces the Electron Volt Exchange framework with the following characteristics: 1) a distributed protocol for pricing and scheduling prosumers' production/consumption while keeping constraints and bids private, and 2) a distributed algorithm to prevent theft that verifies prosumers' compliance to scheduled transactions using information from grid sensors (such as smart meters) and mitigates the impact of false data injection attacks. Flexibility and robustness of the approach are demonstrated through simulation and implementation using Hyperledger Fabric.