Design of integrated energy market cloud service platform based on blockchain smart contract

Wang, Lei; Ma, Yichao; Zhu, Liuzhu; Wang, Xiuli; Hao, Cong; Tiancheng, Shi

doi:10.1016/j.ijepes.2021.107515

Cited by 43 publications

(12 citation statements)

References 11 publications

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“…For enterprises, DCEP has the authority of national endorsement, especially in international trade contexts such as the Belt and Road, which is conducive to the development of e-commerce. In global e-commerce and corporate payments, DCEP can exert the advantage of government support to ensure that the transaction process is more convenient and friendly (Wang et al 2022a , b ). Regarding promotions, users with a higher sense of national identity are more likely to use DCEP (Wu et al 2022 ).…”

Section: Discussionmentioning

confidence: 99%

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Understanding the adoption context of China’s digital currency electronic payment

2023

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Central banks worldwide have started researching and developing central bank digital currencies (CBDCs). In the digital economy context, concerns regarding the integrity, competition, and privacy of CBDC systems have also gradually emerged. Against this backdrop, this study aims to evaluate users’ willingness to use China’s digital currency electronic payment (DCEP) system, a digital payment and processing network, and its influencing factors by comprehensively considering and comparing the characteristics of cash and third-party payment services. Combining the push-pull-mooring framework (PPM) and task-technology fit (TTF) theory, we discuss the scenarios and mechanisms that may inspire users’ DCEP adoption intention through an empirical study. The results reveal that privacy concerns regarding the original payment methods and technology-task fitting level of DCEP positively impact users’ willingness to adopt DCEP. The technical characteristics of DCEP, users’ payment requirements, and government support positively affect users’ adoption intention by influencing the task-technology fitting degree of DCEP. Switching cost significantly and negatively impacts adoption intention, whereas relative advantage exhibits no significant effect. This research contributes to a better understanding of the factors that influence switching intentions and the actual use of DCEP, and provides policy guidance on promoting the efficiency and effectiveness of DCEP.

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Section: Discussionmentioning

confidence: 99%

“…Economic, social, political, business ethics, and environmental factors influence the application of CBDC, which will also be influenced by CBDC (Chen and Siklos 2022 ; Ding et al 2022 ). Meanwhile, relevant studies discuss the influence of CBDC by regulators and media on financial markets (Wang et al 2022a , b ).…”

Section: Theoretical Backgroundsmentioning

confidence: 99%

Understanding the adoption context of China’s digital currency electronic payment

2023

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“…Zhang et al proposed multiple smart contracts to reduce the judgment process and confirmation process and then deployed smart contracts on the Ethereum platform to facilitate the user's registration and management of the devices [18]. Wang et al proposed a cloud service platform structure in the Antchain blockchain and deploy the smart contract to satisfy the energy trading services that include energy settlement transaction , energy forward trading, energy dispatch services, user active response dispatch and so on [19]. Esmat et al design the energy market to discuss the social welfare maximization which refers to the utility of buyers minus the total of all energy prices of sellers.…”

Section: Related Workmentioning

confidence: 99%

Access control strategy based on smart contract in blockchain-based energy market

Jiang

2023

International Conference on Cyber Security, Artificial Intelligence, and Digital Economy (CSAIDE 2023)

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In recent years, the continuous increase in the number of renewable energy sources and users has led to an increase in the load on the electricity market. In this environment, the personal information data and management flexibility cannot be guaranteed in a market that integrates producers and consumers. It seems that the new energy market will face many challenges, such as how to price the output power of power plants according to different energy sources, which price that consumers can sell to other market users through self-generated electricity, how to communicate with consumers and producers in order to maintain the balance of the market and encourage consumers to reduce electricity consumption, how to calculate the market load in order to reduce carbon emissions and protect the environment. In the face of many of the above challenges, it is beneficial to introduce blockchain technology into the energy market because of the unique characteristics, which effectively reduces the cost of maintaining the market and enhances the flexibility of the market. But different market users are sensitive to market information with the advent of information transparency. Therefore, how to restrain the user behavior of the market and maintain the stability of the market will become a major problem. In this paper, we propose a market-based access control strategy to construct a blockchain framework and design an access control-based smart contract to constrain the behavior of each user. In order to further strengthen the relationship between producers and consumers, the concept of prosumer is used to enable consumers to participate in trading activities as energy producers.The experimental results are proved that the proposed solution works successfully in the blockchain, with timely responses between prosumers and consumers, good execution time and the admission of access control provides better market efficiency.

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“…A cloud services platform for energy trading was proposed in ref. [118] by Lei Wang et al Both users and suppliers participated in the platform, and the intelligent contract for trading between the parties was created. Antchain is used to make smart contracts, trade, and use the services offered by the cloud.…”

Section: A Panoramic Overview Of Blockchain For Emsmentioning

confidence: 99%

Blockchain-Enabled Smart Grid Applications: Architecture, Challenges, and Solutions

et al. 2022

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The conventional electrical grid is undergoing substantial growth for reliable grid operation and for more efficient and sustainable energy use. The traditional grid is now metamorphosing into a smart grid (SG) that incorporates a diverse, heterogeneous blend of operating measures such as smart appliances, meters, and renewable energy resources. With better efficient results and dependability, the SG can be described as a modern electric power grid architecture. The SG is one of the greatest potential advances as a promising solution for the energy crisis. However, it is complex and its decentralization could be of tremendous benefit. Moreover, digitalization and integration of a large number of growing connections make it a target of cyber-attacks. In this sense, blockchain is a promising SG paradigm solution that offers several excellent features. There has been considerable effort put into using blockchains in the smart grid for its decentralization and enhanced cybersecurity; however, it has not been thoroughly studied in both application and architectural perspectives. An in-depth study was conducted on blockchain-enabled SG applications. Blockchain architectures for various applications, such as the synchrophasor applications, electric vehicles, energy management systems, etc., were proposed. The purpose of this article is to provide directions for future research efforts aimed at secure and decentralized SG applications using blockchain.

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Design of integrated energy market cloud service platform based on blockchain smart contract

Cited by 43 publications

References 11 publications

Understanding the adoption context of China’s digital currency electronic payment

Understanding the adoption context of China’s digital currency electronic payment

Access control strategy based on smart contract in blockchain-based energy market

Blockchain-Enabled Smart Grid Applications: Architecture, Challenges, and Solutions

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