2,727 research outputs found
Lightweight Blockchain Framework for Location-aware Peer-to-Peer Energy Trading
Peer-to-Peer (P2P) energy trading can facilitate integration of a large
number of small-scale producers and consumers into energy markets.
Decentralized management of these new market participants is challenging in
terms of market settlement, participant reputation and consideration of grid
constraints. This paper proposes a blockchain-enabled framework for P2P energy
trading among producer and consumer agents in a smart grid. A fully
decentralized market settlement mechanism is designed, which does not rely on a
centralized entity to settle the market and encourages producers and consumers
to negotiate on energy trading with their nearby agents truthfully. To this
end, the electrical distance of agents is considered in the pricing mechanism
to encourage agents to trade with their neighboring agents. In addition, a
reputation factor is considered for each agent, reflecting its past performance
in delivering the committed energy. Before starting the negotiation, agents
select their trading partners based on their preferences over the reputation
and proximity of the trading partners. An Anonymous Proof of Location (A-PoL)
algorithm is proposed that allows agents to prove their location without
revealing their real identity. The practicality of the proposed framework is
illustrated through several case studies, and its security and privacy are
analyzed in detail
Key exchange with the help of a public ledger
Blockchains and other public ledger structures promise a new way to create
globally consistent event logs and other records. We make use of this
consistency property to detect and prevent man-in-the-middle attacks in a key
exchange such as Diffie-Hellman or ECDH. Essentially, the MitM attack creates
an inconsistency in the world views of the two honest parties, and they can
detect it with the help of the ledger. Thus, there is no need for prior
knowledge or trusted third parties apart from the distributed ledger. To
prevent impersonation attacks, we require user interaction. It appears that, in
some applications, the required user interaction is reduced in comparison to
other user-assisted key-exchange protocols
- …