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A Non-Transferable Trade Scheme of Green Power Based on Blockchain

Author

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  • Yang Li

    (Hubei Key Laboratory of Intelligent Vision Based Monitoring for Hydroelectric Engineering, China Three Gorges University, Yichang 443002, China
    Yichang Power Supply Company of State Grid Hubei Electric Power Co., Ltd., Yichang 443000, China)

  • Mengying Jiang

    (Hubei Key Laboratory of Intelligent Vision Based Monitoring for Hydroelectric Engineering, China Three Gorges University, Yichang 443002, China)

  • Mei Yu

    (Hubei Key Laboratory of Intelligent Vision Based Monitoring for Hydroelectric Engineering, China Three Gorges University, Yichang 443002, China)

  • Shouzhi Xu

    (Hubei Key Laboratory of Intelligent Vision Based Monitoring for Hydroelectric Engineering, China Three Gorges University, Yichang 443002, China)

  • Xiaojun Liu

    (Hubei Key Laboratory of Intelligent Vision Based Monitoring for Hydroelectric Engineering, China Three Gorges University, Yichang 443002, China
    Yichang Power Supply Company of State Grid Hubei Electric Power Co., Ltd., Yichang 443000, China)

  • Shirui Zhang

    (Hubei Key Laboratory of Intelligent Vision Based Monitoring for Hydroelectric Engineering, China Three Gorges University, Yichang 443002, China)

  • Jia Zhu

    (Yichang Power Supply Company of State Grid Hubei Electric Power Co., Ltd., Yichang 443000, China)

  • Shurui Peng

    (Yichang Power Supply Company of State Grid Hubei Electric Power Co., Ltd., Yichang 443000, China)

  • Zhongming Gu

    (Yichang Power Supply Company of State Grid Hubei Electric Power Co., Ltd., Yichang 443000, China)

Abstract

Power consumers can obtain authoritative green environmental value certification through green electricity trading, which plays an important role in improving the production competitiveness of enterprises, especially for international product trade affairs. However, the credibility of green electricity transactions faces serious challenges in the enterprise green authentication affairs, especially the user’s identity authentication, the traceability of green electricity transactions, and the standardization of green electricity transactions. Aiming to solve the certification and traceability problem of tradable green certificates, this paper proposes an integrated green certificate trading protocol, which solves its double-trading problem and helps to improve the credibility of renewable energy use. The main contribution is providing a solution based on the consortium blockchain technology to solve the main challenges mentioned above. The main solved scheme designs a series of protocols, which includes a purchase protocol, payment protocol, and non-transferable protocol. The whole process ensures the credibility, traceability, and non-transferability of green certificate trading. Multiple verification measures are adopted to address security and privacy challenges in green certificate management. Through security analysis, the protocol effectively defends against attacks such as double payments, transaction rollback, and transaction replays while ensuring users’ privacy.

Suggested Citation

  • Yang Li & Mengying Jiang & Mei Yu & Shouzhi Xu & Xiaojun Liu & Shirui Zhang & Jia Zhu & Shurui Peng & Zhongming Gu, 2024. "A Non-Transferable Trade Scheme of Green Power Based on Blockchain," Energies, MDPI, vol. 17(16), pages 1-17, August.
    • Handle: RePEc:gam:jeners:v:17:y:2024:i:16:p:4002-:d:1455243
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    References listed on IDEAS

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    1. Oskar Juszczyk & Khuram Shahzad, 2022. "Blockchain Technology for Renewable Energy: Principles, Applications and Prospects," Energies, MDPI, vol. 15(13), pages 1-24, June.
    2. Dong, Changgui & Zhou, Runmin & Li, Jiaying, 2021. "Rushing for subsidies: The impact of feed-in tariffs on solar photovoltaic capacity development in China," Applied Energy, Elsevier, vol. 281(C).
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