Skip to main content

ETSB: Energy Trading System Based on Blockchain

  • Conference paper
  • First Online:
Security with Intelligent Computing and Big-data Services (SICBS 2018)

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 895))

Abstract

The emergence of blockchain solves the trust problem of the traditional energy trading mode, making the distributed multi-energy system possible and providing technical support for the new energy trading system. Therefore, a kind of energy trading system based on blockchain is proposed. The ETSB model is established firstly, and the definition of ETSB is expanded. The ETSB is a four-tuples, including node set, data set, consensus mechanism and intelligent contract, which are all newly constructed according to the characteristics of energy trading. On the basis of ETSB architecture, the potential security risks of ETSB are analyzed hierarchically. Finally, a complete security protection mechanism is proposed for those system vulnerabilities.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 169.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 219.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Wiyono, D.S., Stein, S., Gerding, E.H.: Novel energy exchange models and a trading agent for community energy market. In: European Energy Market, pp. 1–5. IEEE (2016)

    Google Scholar 

  2. Melanie, S.M.: Blockchain: Blueprint for a Neweconomy. OReilly, Sebastopol (2015)

    Google Scholar 

  3. Schneider, J., Blostein, A., Lee, B., et al.: Blockchain: putting theory into practice. The Goldman Sachs Group (2016)

    Google Scholar 

  4. Mihaylov, M., Jurado, S., Avellana, N., et al.: NRGcoin: virtual currency for trading of renewable energy in smart grids. In: Proceedings of the 11th International Conference on the European Energy Market (EEM), pp. 1–6. IEEE, Krakow (2014)

    Google Scholar 

  5. Jurado, S., Jurado, S., Moffaert, K.V., et al.: SCANERGY: a scalable and modular system for energy trading between prosumers. In: International Conference on Autonomous Agents and Multiagent Systems. International Foundation for Autonomous Agents and Multiagent Systems, pp. 1917–1918 (2015)

    Google Scholar 

  6. Aitzhan, N.Z., Svetinovic, D.: Security and privacy in decentralized energy trading through multi-signatures, blockchain and anonymous messaging streams. IEEE Trans. Dependable Secure Comput. (99) (2016). https://doi.org/10.1109/tdsc.2016.2616861

  7. Sabounchi, M., Wei, J.: Towards resilient networked microgrids: blockchain-enabled peer-to-peer electricity trading mechanism. In: IEEE Conference on Energy Internet and Energy System Integration, pp. 1–5. IEEE (2018)

    Google Scholar 

  8. Mylrea, M., Gourisetti, S.N.G.: Blockchain for smart grid resilience: exchanging distributed energy at speed, scale and security. IEEE (2018)

    Google Scholar 

  9. Crypto-trading: Blockchain-oriented energy market

    Google Scholar 

  10. Gao, J., Asamoah, K.O., Sifah, E.B., et al.: GridMonitoring: secured sovereign blockchain based monitoring on smart grid. IEEE Access PP(99), 1 (2018)

    Google Scholar 

  11. Nakamoto, S.: Bitcoin: a peer-to-peer electronic cash system. Consulted (2009)

    Google Scholar 

  12. Dynamic Energy Trading for Energy Harvesting Communication Networks: A Stochastic Energy Trading Game

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Wei Zaoyu .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2020 Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Dong, X. et al. (2020). ETSB: Energy Trading System Based on Blockchain. In: Yang, CN., Peng, SL., Jain, L. (eds) Security with Intelligent Computing and Big-data Services. SICBS 2018. Advances in Intelligent Systems and Computing, vol 895. Springer, Cham. https://doi.org/10.1007/978-3-030-16946-6_55

Download citation

Publish with us

Policies and ethics