Secured Energy Trading Using Byzantine-Based Blockchain Consensus

Abstract

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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