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Trust-DETM: Distributed Energy Trading Model Based on Trusted Execution Environment

Author

Listed:
  • Xin Lu

    (School of Cyberspace Science and Technology, Beijing Institute of Technology, Beijing 100081, China)

  • Hongchen Guo

    (School of Cyberspace Science and Technology, Beijing Institute of Technology, Beijing 100081, China)

Abstract

The traditional centralized power trading model suffers from high maintenance costs, low processing efficiency and unsynchronized information, and it cannot adapt to the high-frequency and small-dollar distributed energy trading scenario. To address the above issues, we propose Trust-DETM, a model for the implementation of distributed energy trading based on a trusted execution environment. First, we introduce a reputation metric mechanism and propose a transaction matching algorithm based on the reputation metric to achieve the accurate matching of transaction objects. Secondly, as the distributed energy trading model lacks an effective trust mechanism, we propose a commitment scheme based on smart contracts and a trusted execution environment to solve the trust problem between producers and consumers. Finally, we conduct a comprehensive experimental evaluation of the efficiency of Trust-DETM. Through comparative experiments, we find that Trust-DETM achieves trade matching and trusted execution in a lower simultaneous running time than comparable distributed trading models.

Suggested Citation

  • Xin Lu & Hongchen Guo, 2023. "Trust-DETM: Distributed Energy Trading Model Based on Trusted Execution Environment," Mathematics, MDPI, vol. 11(13), pages 1-18, June.
    • Handle: RePEc:gam:jmathe:v:11:y:2023:i:13:p:2934-:d:1183633
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    1. H. W. Kuhn, 1955. "The Hungarian method for the assignment problem," Naval Research Logistics Quarterly, John Wiley & Sons, vol. 2(1‐2), pages 83-97, March.
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