Energy Trading of Electric Vehicles using Blockchain and Smart Contracts

Asfia, U.; Kamuni, V.; Sheikh, A.; Wagh, Sushama; Patel, Dhiren

doi:10.23919/ecc.2019.8796284

Cited by 23 publications

(14 citation statements)

References 9 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Another solution was proposed in [17] that also uses the decentralized blockchain technology along with its smart contracts to manage the trading of power between charging systems and EVs. Using a permissioned blockchain, this solution focuses mainly on scheduling the energy exchange between them and the charging behaviors of EVs.…”

Section: Related Workmentioning

confidence: 99%

“…Some of the previous solutions do not employ the blockchain but rather use a centralized approach such as [12]- [15]. Other blockchain-based solutions do not implement a selection mechanism, such as an auctioning scheme to choose appropriate EPs, such as in [16], and others are made using permissioned blockchain networks which gives it limited accessibility, such as in [17] and [19].…”

Section: Comparison With the Existing Solutionsmentioning

confidence: 99%

“…The blockchain would eliminate the need for a trusted central entity and the restrictions that are associated with centralization. [6].…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Blockchain-Based Energy Trading in Electric Vehicles Using an Auctioning and Reputation Scheme

Debe

Hasan

Yaqoob³

et al. 2021

IEEE Access

View full text Add to dashboard Cite

The massive adoption of electric vehicles (EVs) has caused an increasing demand for electric energy to charge the vehicles. Efficiently managing energy trading between energy providers and energy consumers can lead to meet the high demand for charging EVs while reducing its cost compared to traditional power provided by the utility company. However, a large portion of the existing systems leveraged for trading energy between EVs are centralized and fall short in providing transparency, reliability, audit, security, and trustworthy features. In this paper, we propose blockchain-based energy trading using an auctioning and reputation scheme. We develop Ethereum smart contracts which enable owners of EVs to automatically request electricity to charge their vehicles in a reliable, cost-effective, secure, and trustworthy manner. The proposed approach ensures the lowest rate available by implementing a reverse auctioning scheme for fair competition between providers to provide the requested service at the lowest cost. The proposed solution enforces high quality of service through a reputation-based approach that quantifies the performance of the service providers and gives an advantage to more reputable providers. We present the implementation details of the deployed system on a test Ethereum blockchain platform. We perform system testing and evaluation to validate and assess the functionality and performance of the proposed solution. Furthermore, we present security and cost analyses to show the affordability, robustness, and practicality of the proposed approach.

show abstract

Section: Related Workmentioning

confidence: 99%

Section: Comparison With the Existing Solutionsmentioning

confidence: 99%

See 1 more Smart Citation

Blockchain-Based Energy Trading in Electric Vehicles Using an Auctioning and Reputation Scheme

Debe

Hasan

Yaqoob³

et al. 2021

IEEE Access

View full text Add to dashboard Cite

show abstract

“…In [27] an energy trading between EV and charging station (CS) is proposed in the blockchain framework. Further, this work was extended in [28], where the authors considered the energy trading process in presence of Sybil attack and highlighted the effectiveness of blockchain framework defense mechanism against Sybil attack.…”

Section: Introductionmentioning

confidence: 99%

“…The authors of [32] proposed EnergyChain, a blockchain model for securing the data generated by smart homes. The work carried out in [27]- [32] utilized Proof-of-Work (PoW) consensus in the blockchain framework, the limitations of using PoW consensus is discussed in later Sections.…”

Section: Introductionmentioning

confidence: 99%

Secured Energy Trading Using Byzantine-Based Blockchain Consensus

Sheikh¹,

Kamuni²,

Urooj³

et al. 2020

IEEE Access

Self Cite

View full text Add to dashboard Cite

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.

show abstract

Challenges and Applications of Blockchain Technology in Electric Road Vehicles

Mehdi¹

2022

Transportation Electrification

View full text Add to dashboard Cite

Energy Trading of Electric Vehicles using Blockchain and Smart Contracts

Cited by 23 publications

References 9 publications

Blockchain-Based Energy Trading in Electric Vehicles Using an Auctioning and Reputation Scheme

Blockchain-Based Energy Trading in Electric Vehicles Using an Auctioning and Reputation Scheme

Secured Energy Trading Using Byzantine-Based Blockchain Consensus

Challenges and Applications of Blockchain Technology in Electric Road Vehicles

Contact Info

Product

Resources

About