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Enhancing Trust in Transactive Energy with Individually Linkable Pseudonymous Trading Using Smart Contracts

Author

Listed:
  • Daniel Sousa-Dias

    (School of Electrical Engineering and Computer Science, University of Ottawa, Ottawa, ON K1N 6N5, Canada)

  • Daniel Amyot

    (School of Electrical Engineering and Computer Science, University of Ottawa, Ottawa, ON K1N 6N5, Canada)

  • Ashkan Rahimi-Kian

    (School of Electrical Engineering and Computer Science, University of Ottawa, Ottawa, ON K1N 6N5, Canada
    IEMS Solution Ltd., Communitech, Kitchener, ON N2G 1H6, Canada)

  • John Mylopoulos

    (School of Electrical Engineering and Computer Science, University of Ottawa, Ottawa, ON K1N 6N5, Canada)

Abstract

The transactive energy market (TEM) is a recent development in energy management that enables prosumers to trade directly, promising many environmental and economic benefits. Prosumer trading necessitates sharing information to facilitate transactions. Additionally, many TEMs propose using blockchains to manage auctions and store transactions. These facts introduce privacy concerns: consumption data, trading history, and other identifying information pose risks to users if leaked. Anonymity by trading under a pseudonym is commonly presented as a solution; however, this creates risks for market participants: scammed users will not have recourse, and users with innocent malfunctions may be banned from trading. We propose the Individually Linkable Pseudonymous Trading Scheme (ILPTS), which enables users to trade under a pseudonym, protecting their identity, while a smart contract monitors reputations and can temporarily deanonymize a user, ensuring market integrity. ILPTS was developed in stages. Examination of existing TEM literature was performed to identify desirable features. Analysis of cryptography literature was performed to identify techniques that may confer certain features. It was found through formal analysis that ILPTS adheres to identified design goals, improves upon existing solutions, and resists common attacks against TEMs. Future work includes software simulation and on-device implementation to further verify security and feasibility.

Suggested Citation

  • Daniel Sousa-Dias & Daniel Amyot & Ashkan Rahimi-Kian & John Mylopoulos, 2024. "Enhancing Trust in Transactive Energy with Individually Linkable Pseudonymous Trading Using Smart Contracts," Energies, MDPI, vol. 17(14), pages 1-20, July.
    • Handle: RePEc:gam:jeners:v:17:y:2024:i:14:p:3568-:d:1439236
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    References listed on IDEAS

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    1. Jayachandran, M. & Rao, K. Prasada & Gatla, Ranjith Kumar & Kalaivani, C. & Kalaiarasy, C. & Logasabarirajan, C., 2022. "Operational concerns and solutions in smart electricity distribution systems," Utilities Policy, Elsevier, vol. 74(C).
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