Byzantine fault tolerance for real time price in hierarchical smart grid communication infrastructure

Durgvanshi, Deepika; Singh, Brijendra Pratap; Gore, Manoj Madhava

doi:10.1109/poweri.2016.8077386

Cited by 6 publications

(4 citation statements)

References 11 publications

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“…Decentralized solutions such as blockchain and DLTs can help address reducing the operational costs of energy markets, protecting privacy, and strengthening cybersecurity in decentralized markets [24].…”

Section: Decentralized Energy Marketmentioning

confidence: 99%

Blockchain in the Energy Sector for SDG Achievement

Vaccargiu,

Pinna,

Tonelli

et al. 2023

Sustainability

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Blockchain technology finds application in multiple sectors, including renewable energy. Numerous blockchain-based applications aim to provide support in the production, management, distribution, and consumption of green energy. The benefits offered are not only technological but also social, environmental, and economic. The purpose of this study is to examine how the application of blockchain in the energy industry may affect the achievement of the Sustainable Development Goals (SDGs). This study is composed of two parts. The first part concerns the identification and analysis of the most relevant categories of blockchain applications in the energy sector and their ability to contribute to the achievement of the SDGs. A knowledge base, comprising scientific articles, gray literature, and real-world applications, has been created and analyzed. With a keyword-based approach, each application was associated with one or more SDGs. In the second part, the Sustainability Awareness Framework (SuSAF) was used to examine the findings of the first part of the study and discuss them in terms of five dimensions of sustainability. Finally, potential risks associated with the use of blockchain in the energy sector are also covered. Results reveal that tracking energy production and consumption and renewable energy communities are the applications that have the most beneficial effects, and that the benefits linked to blockchain adoption go beyond the energy sector to include the environment, the economy, industry, infrastructure, smart cities, and society.

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Section: Decentralized Energy Marketmentioning

confidence: 99%

Blockchain in the Energy Sector for SDG Achievement

Vaccargiu,

Pinna,

Tonelli

et al. 2023

Sustainability

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“…By combining transactive energy with distributed ledger technology (DLT), it is possible to achieve a secure and reliable way of trading energy in the smart grid paradigm. DLT can also address several other issues faced by smart grid in the field of energy market 43 and communication issues like byzantine fault tolerance 44 . The significant contributions of this paper are as follows: Development of an aggregator free market for EVs to participate in ancillary services of the grid. Implementation of the proposed aggregator free market in centralized and decentralized manner. Incorporation of flexibility in ancillary service market thus allowing EVs to participate either in frequency regulation or in load leveling service. Development of a Blockchain‐based double auction mechanism which considers all six market‐clearing scenarios that may occur in real world. Facilitating even the losing EVs in the market to support the blockchain network by acting as miner and thus enabling them to receive financial benefit. Evaluation of the performance of the proposed method considering a smart city with substantial number of EVs (76561) and DisComs (13) 45 …”

Section: Introductionmentioning

confidence: 99%

Aggregator free ancillary services e‐market for electric vehicles using smart contracts

Acharya

Rao

Selvan

2021

Int Trans Electr Energ Syst

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Summary The energy sector is undergoing an enormous transition with new market mechanisms affecting the market and the traders. In the smart grid environment, an auction‐based market can be useful to ensure trading between electric vehicles (EVs) and distribution companies (DisComs). However, the participation of EVs in the energy market poses specific issues. The first one is the involvement of aggregator/ auctioneer in trading procedures, which affects the energy trading as well as privacy of the EV owners. Second one is the auction mechanism should fulfill all critical economic properties, strategic and non‐strategic constraints. In order to address these issues, a novel aggregator free mechanism is proposed in this paper allowing EVs to securely participate in the ancillary services market. A smart contract deployed in Blockchain is used for market‐clearing. This paper proposes two kinds of implementation of auction‐based ancillary services market in the distribution system. Through an extensive study performed on a hypothetical group of 76 561 EVs and 13 DisComs, it is found that the performance of the proposed scheme is superior in decentralized implementation compared to centralized implementation.

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“…A Byzantine fault tolerance (BFT) based real-time electricity pricing is proposed in [34], where the security of communication between the utility and smart meters is enhanced. In contrast to [34], homomorphic encryption (HE) technology is proposed by [35] in which the data available from meters are aggregated and then verified using a blockchain system based on BFT consensus. The authors of [36] highlighted the need of BFT mechanism, for monitoring and control of the power grid.…”

Section: Introductionmentioning

confidence: 99%

Secured Energy Trading Using Byzantine-Based Blockchain Consensus

Sheikh¹,

Kamuni²,

Urooj³

et al. 2020

IEEE Access

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To mitigate the problems of demand-supply mismatch in the future grid the solution of renewable energy source (RES) integration results in a bidirectional flow of information and transactions, which are prone to different kinds of cyber attacks, especially in energy trading where the security of financial transactions is of most concern. Electric vehicle (EV) having the advantage of mobility can play a significant role in maintaining demand-supply balance at any location unlike their peers (conventional compensator). For deciding entire system security, securing EVs charging-discharging transactions at all charging stations or connecting points is most important. The system can be made more secure against cyber-attacks with the introduction of the blockchain framework. Hence, in view of secured transactions, the paper focuses on the energy trading process between EVs and distribution network (DN) in a Byzantine based blockchain consensus framework. During peak load period DN initiates the energy trading process by demanding additional power from the EVs. This process of energy trading results in energy and information exchange which needs to be secured through blockchain from vulnerable attacks and threats. Possible scenarios of various cyber-attacks on different nodes of the system are visualized in the form of false data. To highlight the application of blockchain, the Byzantine general problem framework is used which states that for successful attack 33% of information is to be manipulated, in other words, decreasing the probability of attack confirms the system security. Numerical results based on various operating scenarios for the standard IEEE 33 bus system are in agreement with the Byzantine consensus problem indicating improvement in system security.INDEX TERMS Blockchain, Byzantine general problem, consensus, energy trading, security.

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Byzantine fault tolerance for real time price in hierarchical smart grid communication infrastructure

Cited by 6 publications

References 11 publications

Blockchain in the Energy Sector for SDG Achievement

Blockchain in the Energy Sector for SDG Achievement

Aggregator free ancillary services e‐market for electric vehicles using smart contracts

Secured Energy Trading Using Byzantine-Based Blockchain Consensus

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