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A Reliable and Privacy-Preserving Vehicular Energy Trading Scheme Using Decentralized Identifiers

Author

Listed:
  • Myeonghyun Kim

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

  • Kisung Park

    (Department of Computer Engineering (Smart Security), Gachon University, Seongnam 13120, Republic of Korea)

  • Youngho Park

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

Abstract

As the usage of electric vehicles (EVs) expands, various energy management technologies, including battery energy storage systems, are being developed to efficiently charge EVs using various energy sources. In recent years, many blockchain-based energy trading schemes have been proposed for secure energy trading. However, existing schemes cannot fully solve privacy issues and security problems during energy trading. In this paper, we propose a reliable and privacy-preserving vehicular energy trading scheme utilizing decentralized identifier technology. In the proposed scheme, identity information and trading result information are not revealed publicly; this is due to the use of decentralized identifiers and verifiable credential technologies. Additionally, only parties who have successfully conducted energy trading can manage complete transaction information. We also demonstrate our method’s security and ensure privacy preservation by performing informal and formal security analyses. Furthermore, we analyze the performance and security features of the proposed scheme and related works and show that the proposed scheme has competitive performance.

Suggested Citation

  • Myeonghyun Kim & Kisung Park & Youngho Park, 2024. "A Reliable and Privacy-Preserving Vehicular Energy Trading Scheme Using Decentralized Identifiers," Mathematics, MDPI, vol. 12(10), pages 1-22, May.
    • Handle: RePEc:gam:jmathe:v:12:y:2024:i:10:p:1450-:d:1390488
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    References listed on IDEAS

    as
    1. 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).
    2. Zhang, Hongwei & Wang, Jinsong & Ding, Yuemin, 2019. "Blockchain-based decentralized and secure keyless signature scheme for smart grid," Energy, Elsevier, vol. 180(C), pages 955-967.
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