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A Distributed Energy Trading Authentication Mechanism Based on a Consortium Blockchain

Author

Listed:
  • Zheng Che

    (School of Information and Computer, Taiyuan University of Technology, Taiyuan 030024, China)

  • Yu Wang

    (School of Foreign Languages, Taiyuan University of Technology, Taiyuan 030024, China)

  • Juanjuan Zhao

    (School of Information and Computer, Taiyuan University of Technology, Taiyuan 030024, China)

  • Yan Qiang

    (School of Information and Computer, Taiyuan University of Technology, Taiyuan 030024, China)

  • Yue Ma

    (School of Information and Computer, Taiyuan University of Technology, Taiyuan 030024, China)

  • Jihua Liu

    (College of Computer Science and Technology, Lvliang University, Lvliang 033000, China)

Abstract

With the rapid development of the energy internet, the transaction of distributed renewable energy (DRE) is playing an increasingly important role in the energy market. However, in the transaction model of distributed renewable energy combined with public blockchain technology, nodes in the trading network can join or leave the network at any time without any permission, which hinders the regulation of electricity institutions. Corresponding to the transaction principle, a distributed renewable energy transaction authentication mechanism based on consortium blockchain is proposed in this paper. First, certificate authority nodes were set in the transaction network to provide nodes with access authority by controlling the public keys and private keys of trading participants so that they can complete their identity authentication. Next, essential chaincodes in the transaction authentication were designed and deployed on a Hyperledger Fabric blockchain site, and a simulation experiment of a simple DRE transaction was used to elaborate the details on the transaction process. Finally, the proposed model was evaluated according to its performance and proved to be practical and effective.

Suggested Citation

  • Zheng Che & Yu Wang & Juanjuan Zhao & Yan Qiang & Yue Ma & Jihua Liu, 2019. "A Distributed Energy Trading Authentication Mechanism Based on a Consortium Blockchain," Energies, MDPI, vol. 12(15), pages 1-21, July.
    • Handle: RePEc:gam:jeners:v:12:y:2019:i:15:p:2878-:d:251898
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    References listed on IDEAS

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    3. Shengnan Zhao & Beibei Wang & Yachao Li & Yang Li, 2018. "Integrated Energy Transaction Mechanisms Based on Blockchain Technology," Energies, MDPI, vol. 11(9), pages 1-19, September.
    4. Mengelkamp, Esther & Gärttner, Johannes & Rock, Kerstin & Kessler, Scott & Orsini, Lawrence & Weinhardt, Christof, 2018. "Designing microgrid energy markets," Applied Energy, Elsevier, vol. 210(C), pages 870-880.
    5. Noor, Sana & Yang, Wentao & Guo, Miao & van Dam, Koen H. & Wang, Xiaonan, 2018. "Energy Demand Side Management within micro-grid networks enhanced by blockchain," Applied Energy, Elsevier, vol. 228(C), pages 1385-1398.
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    Cited by:

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    2. Xiuli Wang & Fang Yao & Fushuan Wen, 2022. "Applications of Blockchain Technology in Modern Power Systems: A Brief Survey," Energies, MDPI, vol. 15(13), pages 1-22, June.
    3. Marco Schletz & Ana Cardoso & Gabriela Prata Dias & Søren Salomo, 2020. "How Can Blockchain Technology Accelerate Energy Efficiency Interventions? A Use Case Comparison," Energies, MDPI, vol. 13(22), pages 1-23, November.
    4. Saha, Shammya & Ravi, Nikhil & Hreinsson, Kári & Baek, Jaejong & Scaglione, Anna & Johnson, Nathan G., 2021. "A secure distributed ledger for transactive energy: The Electron Volt Exchange (EVE) blockchain," Applied Energy, Elsevier, vol. 282(PA).
    5. Longze Wang & Shucen Jiao & Yu Xie & Saif Mubaarak & Delong Zhang & Jinxin Liu & Siyu Jiang & Yan Zhang & Meicheng Li, 2021. "A Permissioned Blockchain-Based Energy Management System for Renewable Energy Microgrids," Sustainability, MDPI, vol. 13(3), pages 1-19, January.

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