Blockchain for Electric Vehicles Energy Trading: Requirements, Opportunities, and Challenges

Al-Saif, Nasser; Ahmad, Raja Wasim; Yaqoob, Ibrar; Jayaraman, Raja; Omar, Mohammed

doi:10.1109/access.2021.3130095

Cited by 26 publications

(3 citation statements)

References 53 publications

(34 reference statements)

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“…The business enterprise also created a software token known as the Strength Ledger Coin (POWR) that allows participants to invest in the device. And in the latest years, they've turned out to be more interested in electric car electricity by turning electric automobiles into cellphone ATMs [34]. Lightens, based in 2018, affords software-and program-based answers to power businesses.…”

Section: Related Companiesmentioning

confidence: 99%

Electric Vehicle Blockchain: Problems and Opportunities

Mohammed,

Thaaer kh.Asman,

Hadeel M Salih

et al. 2024

BJN

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These days, we are observing a very rapid spread of the electric vehicleindustry. This means a significant increase in the data and energy exchanged betweenthese vehicles. The existing centralized approach is less secure and more vulnerableto data destruction and manipulation by intruders. Therefore, it became necessary tosearch for an alternative that provides excellent protection for this massive amountof data and energy. Although blockchain technology and cryptocurrencies are closelyassociated, they also have many other potential applications in fields including energyand sustainability, the Internet of Things (IoT), smart cities, smart mobility, andmore. In the Internet of Vehicles (IoV) idea, blockchain can provide security forelectric vehicle (EV) transactions, enabling electricity trading to be carried out ina decentralized, transparent, and secure manner. . This paper will explain the use ofblockchain in this field and how it can handle the trade of transmitted and receivedenergy between electric vehicles. The advantages of using blockchain with electriccars and how it can secure the transactions of energy trading will be shown too. Agroup of researchers in this field and the challenges that face this technology in energytrading will be discussed too; the studies will be looked at, and recommendations forinvestments and security will be made. Additionally, the future implications of variousblockchain technologies will be highlighted.

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Section: Related Companiesmentioning

confidence: 99%

Electric Vehicle Blockchain: Problems and Opportunities

Mohammed,

Thaaer kh.Asman,

Hadeel M Salih

et al. 2024

BJN

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“…To resolve the problems, many blockchain-based peer-to-peer energy trading systems have been proposed during the past few years [8][9][10][11]. Blockchain technology is a suitable solution for realizing energy trading because it can guarantee the transparency and integrity of stored data [12][13][14][15][16][17].…”

Section: Introductionmentioning

confidence: 99%

A Privacy-Preserving Authentication Scheme for a Blockchain-Based Energy Trading System

Son,

Oh,

Kwon

et al. 2023

Mathematics

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The adoption of renewable energies such as solar power, heat pumps, and wind power is on the rise, and individuals have started generating energy using their own solar panels. In recent years, many blockchain-based energy trading schemes have been proposed. However, existing schemes cannot fully address privacy issues and dependency on energy brokers during energy trading. In this paper, we propose a privacy-preserving authentication scheme for blockchain-based energy traders. An energy user encrypts a request message through lightweight attribute-based encryption, and only energy sellers who have proper attribute keys can decrypt and conduct further processes with the energy user. We analyze the proposed scheme using both informal and formal methods, such as the BAN logic, AVISPA simulation tool, and RoR model. Furthermore, we compare the computational and communication costs of our scheme with related schemes and show that the proposed scheme has competitive performance.

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“…There are some solutions and trials, which are listed in the next section. All of them depend on collecting data manually [5,6] depending on human trust or a non-trusted system, which leads to untrusted results [7,8].…”

Section: Introductionmentioning

confidence: 99%

Smart Automotive Diagnostic and Performance Analysis Using Blockchain Technology

Yassin

Aslan

Halim

2023

JSAN

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The automotive industry currently is seeking to increase remote connectivity to a vehicle, which creates a high demand to implement a secure way of connecting vehicles, as well as verifying and storing their data in a trusted way. Furthermore, much information must be leaked in order to correctly diagnose the vehicle and determine when or how to remotely update it. In this context, we propose a Blockchain-based, fully automated remote vehicle diagnosis system. The proposed system provides a secure and trusted way of storing and verifying vehicle data and analyzing their performance in different environments. Furthermore, we discuss many aspects of the benefits to different parties, such as the vehicle’s owner and manufacturers. Furthermore, a performance evaluation via simulation was performed on the proposed system using MATLAB Simulink to simulate both the vehicles and Blockchain and give a prototype for the system’s structure. In addition, OMNET++ was used to measure the expected system’s storage and throughput given some fixed parameters, such as sending the periodicity and speed. The simulation results showed that the throughput, end-to-end delay, and power consumption increased as the number of vehicles increased. In general, Original Equipment Manufacturers (OEMs) can implement this system by taking into consideration either increasing the storage to add more vehicles or decreasing the sending frequency to allow more vehicles to join. By and large, the proposed system is fully dynamic, and its configuration can be adjusted to satisfy the OEM’s needs since there are no specific constraints while implementing it.

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Blockchain for Electric Vehicles Energy Trading: Requirements, Opportunities, and Challenges

Cited by 26 publications

References 53 publications

Electric Vehicle Blockchain: Problems and Opportunities

Electric Vehicle Blockchain: Problems and Opportunities

A Privacy-Preserving Authentication Scheme for a Blockchain-Based Energy Trading System

Smart Automotive Diagnostic and Performance Analysis Using Blockchain Technology

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