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A Privacy-Preserving Authentication Scheme for a Blockchain-Based Energy Trading System

Author

Listed:
  • Seunghwan Son

    (School of Electronic and Electrical Engineering, Kyungpook National University, Daegu 41566, Republic of Korea)

  • Jihyeon Oh

    (School of Electronic and Electrical Engineering, Kyungpook National University, Daegu 41566, Republic of Korea)

  • Deokkyu Kwon

    (School of Electronic and Electrical Engineering, Kyungpook National University, Daegu 41566, Republic of Korea)

  • Myeonghyun Kim

    (School of Electronic and Electrical Engineering, Kyungpook National University, Daegu 41566, Republic of Korea)

  • Kisung Park

    (Electronics and Telecommunications Research Institute, Daejeon 34129, Republic of Korea)

  • Youngho Park

    (School of Electronic and Electrical Engineering, Kyungpook National University, Daegu 41566, Republic of Korea)

Abstract

The adoption of renewable energies such as solar power, heat pumps, and wind power is on the rise, and individuals have started generating energy using their own solar panels. In recent years, many blockchain-based energy trading schemes have been proposed. However, existing schemes cannot fully address privacy issues and dependency on energy brokers during energy trading. In this paper, we propose a privacy-preserving authentication scheme for blockchain-based energy traders. An energy user encrypts a request message through lightweight attribute-based encryption, and only energy sellers who have proper attribute keys can decrypt and conduct further processes with the energy user. We analyze the proposed scheme using both informal and formal methods, such as the BAN logic, AVISPA simulation tool, and RoR model. Furthermore, we compare the computational and communication costs of our scheme with related schemes and show that the proposed scheme has competitive performance.

Suggested Citation

  • Seunghwan Son & Jihyeon Oh & Deokkyu Kwon & Myeonghyun Kim & Kisung Park & Youngho Park, 2023. "A Privacy-Preserving Authentication Scheme for a Blockchain-Based Energy Trading System," Mathematics, MDPI, vol. 11(22), pages 1-19, November.
    • Handle: RePEc:gam:jmathe:v:11:y:2023:i:22:p:4653-:d:1280795
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    References listed on IDEAS

    as
    1. Wu, Ying & Wu, Yanpeng & Cimen, Halil & Vasquez, Juan C. & Guerrero, Josep M., 2022. "Towards collective energy Community: Potential roles of microgrid and blockchain to go beyond P2P energy trading," Applied Energy, Elsevier, vol. 314(C).
    2. Kim, Myeonghyun & Lee, Joonyoung & Oh, Jihyeon & Park, Kisung & Park, Youngho & Park, Kilhoum, 2022. "Blockchain based energy trading scheme for vehicle-to-vehicle using decentralized identifiers," Applied Energy, Elsevier, vol. 322(C).
    3. Dong, Jingya & Song, Chunhe & Liu, Shuo & Yin, Huanhuan & Zheng, Hao & Li, Yuanjian, 2022. "Decentralized peer-to-peer energy trading strategy in energy blockchain environment: A game-theoretic approach," Applied Energy, Elsevier, vol. 325(C).
    Full references (including those not matched with items on IDEAS)

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