14,951 research outputs found

    MOF-BC: A Memory Optimized and Flexible BlockChain for Large Scale Networks

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    BlockChain (BC) immutability ensures BC resilience against modification or removal of the stored data. In large scale networks like the Internet of Things (IoT), however, this feature significantly increases BC storage size and raises privacy challenges. In this paper, we propose a Memory Optimized and Flexible BC (MOF-BC) that enables the IoT users and service providers to remove or summarize their transactions and age their data and to exercise the "right to be forgotten". To increase privacy, a user may employ multiple keys for different transactions. To allow for the removal of stored transactions, all keys would need to be stored which complicates key management and storage. MOF-BC introduces the notion of a Generator Verifier (GV) which is a signed hash of a Generator Verifier Secret (GVS). The GV changes for each transaction to provide privacy yet is signed by a unique key, thus minimizing the information that needs to be stored. A flexible transaction fee model and a reward mechanism is proposed to incentivize users to participate in optimizing memory consumption. Qualitative security and privacy analysis demonstrates that MOF-BC is resilient against several security attacks. Evaluation results show that MOF-BC decreases BC memory consumption by up to 25\% and the user cost by more than two orders of magnitude compared to conventional BC instantiations

    Lightweight Blockchain Framework for Location-aware Peer-to-Peer Energy Trading

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    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

    UniquID: A Quest to Reconcile Identity Access Management and the Internet of Things

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    The Internet of Things (IoT) has caused a revolutionary paradigm shift in computer networking. After decades of human-centered routines, where devices were merely tools that enabled human beings to authenticate themselves and perform activities, we are now dealing with a device-centered paradigm: the devices themselves are actors, not just tools for people. Conventional identity access management (IAM) frameworks were not designed to handle the challenges of IoT. Trying to use traditional IAM systems to reconcile heterogeneous devices and complex federations of online services (e.g., IoT sensors and cloud computing solutions) adds a cumbersome architectural layer that can become hard to maintain and act as a single point of failure. In this paper, we propose UniquID, a blockchain-based solution that overcomes the need for centralized IAM architectures while providing scalability and robustness. We also present the experimental results of a proof-of-concept UniquID enrolment network, and we discuss two different use-cases that show the considerable value of a blockchain-based IAM.Comment: 15 pages, 10 figure

    Peer-to-Peer EnergyTrade: A Distributed Private Energy Trading Platform

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    Blockchain is increasingly being used as a distributed, anonymous, trustless framework for energy trading in smart grids. However, most of the existing solutions suffer from reliance on Trusted Third Parties (TTP), lack of privacy, and traffic and processing overheads. In our previous work, we have proposed a Secure Private Blockchain-based framework (SPB) for energy trading to address the aforementioned challenges. In this paper, we present a proof-on-concept implementation of SPB on the Ethereum private network to demonstrates SPB's applicability for energy trading. We benchmark SPB's performance against the relevant state-of-the-art. The implementation results demonstrate that SPB incurs lower overheads and monetary cost for end users to trade energy compared to existing solutions
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