Improved smart contract electricity transaction model based on blockchain
The current electricity transaction process in the electricity market has problems such as high risk, time-consuming, and low efficiency. In order to solve such problems, an improved smart contract electricity transaction model based on blockchain is proposed. The blockchain is a decentralized datab...
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | zho |
| Published: |
Editorial Department of Electric Power Engineering Technology
2022-01-01
|
| Series: | 电力工程技术 |
| Subjects: | |
| Online Access: | https://www.epet-info.com/html/2022/1/210709991.html |
| _version_ | 1818032591732736000 |
|---|---|
| author | SHI Quansheng HUANG Xiaohui HU Wei HAO Yixu ZHANG Xiaobiao |
| author_facet | SHI Quansheng HUANG Xiaohui HU Wei HAO Yixu ZHANG Xiaobiao |
| author_sort | SHI Quansheng |
| collection | DOAJ |
| description | The current electricity transaction process in the electricity market has problems such as high risk, time-consuming, and low efficiency. In order to solve such problems, an improved smart contract electricity transaction model based on blockchain is proposed. The blockchain is a decentralized database with advantages such as non-tampering and encryption security. The blockchain has the advantages of decentralization and high securing. The blockchain and smart contract are applied in the proposed model to improve the efficiency and security of the electricity transaction process. Firstly, the existing problems of the current electricity transaction model are analyzed. Risk assessment is carried out. A decentralized electricity transaction scenario is constructed. Secondly, the reliability coefficient is combined with smart contracts to establish an improved smart contract electricity transaction model based on blockchain. Finally, the feasibility of the model is verified by simulating electricity transaction. The results show that the improved smart contract electricity transaction model proposed is more efficient than the existing transaction model. The model effectively reduces the risk of being attacked and maintain the power market transaction order, thus providing a new idea for the electricity market transaction mode. |
| first_indexed | 2024-12-10T06:09:49Z |
| format | Article |
| id | doaj.art-5592f8bdc3594a89aa2493a8bfb92beb |
| institution | Directory Open Access Journal |
| issn | 2096-3203 |
| language | zho |
| last_indexed | 2024-12-10T06:09:49Z |
| publishDate | 2022-01-01 |
| publisher | Editorial Department of Electric Power Engineering Technology |
| record_format | Article |
| series | 电力工程技术 |
| spelling | doaj.art-5592f8bdc3594a89aa2493a8bfb92beb2022-12-22T01:59:35ZzhoEditorial Department of Electric Power Engineering Technology电力工程技术2096-32032022-01-01411111810.12158/j.2096-3203.2022.01.002Improved smart contract electricity transaction model based on blockchainSHI Quansheng0HUANG Xiaohui1HU Wei2HAO Yixu3ZHANG Xiaobiao4College of Economics and Management, Shanghai University of Electric Power, Shanghai 200090, ChinaCollege of Economics and Management, Shanghai University of Electric Power, Shanghai 200090, ChinaCollege of Economics and Management, Shanghai University of Electric Power, Shanghai 200090, ChinaCollege of Economics and Management, Shanghai University of Electric Power, Shanghai 200090, ChinaCollege of Economics and Management, Shanghai University of Electric Power, Shanghai 200090, ChinaThe current electricity transaction process in the electricity market has problems such as high risk, time-consuming, and low efficiency. In order to solve such problems, an improved smart contract electricity transaction model based on blockchain is proposed. The blockchain is a decentralized database with advantages such as non-tampering and encryption security. The blockchain has the advantages of decentralization and high securing. The blockchain and smart contract are applied in the proposed model to improve the efficiency and security of the electricity transaction process. Firstly, the existing problems of the current electricity transaction model are analyzed. Risk assessment is carried out. A decentralized electricity transaction scenario is constructed. Secondly, the reliability coefficient is combined with smart contracts to establish an improved smart contract electricity transaction model based on blockchain. Finally, the feasibility of the model is verified by simulating electricity transaction. The results show that the improved smart contract electricity transaction model proposed is more efficient than the existing transaction model. The model effectively reduces the risk of being attacked and maintain the power market transaction order, thus providing a new idea for the electricity market transaction mode.https://www.epet-info.com/html/2022/1/210709991.htmlblockchainreliability coefficientelectricity transactionsmart contracttransaction modeldecentralized |
| spellingShingle | SHI Quansheng HUANG Xiaohui HU Wei HAO Yixu ZHANG Xiaobiao Improved smart contract electricity transaction model based on blockchain 电力工程技术 blockchain reliability coefficient electricity transaction smart contract transaction model decentralized |
| title | Improved smart contract electricity transaction model based on blockchain |
| title_full | Improved smart contract electricity transaction model based on blockchain |
| title_fullStr | Improved smart contract electricity transaction model based on blockchain |
| title_full_unstemmed | Improved smart contract electricity transaction model based on blockchain |
| title_short | Improved smart contract electricity transaction model based on blockchain |
| title_sort | improved smart contract electricity transaction model based on blockchain |
| topic | blockchain reliability coefficient electricity transaction smart contract transaction model decentralized |
| url | https://www.epet-info.com/html/2022/1/210709991.html |
| work_keys_str_mv | AT shiquansheng improvedsmartcontractelectricitytransactionmodelbasedonblockchain AT huangxiaohui improvedsmartcontractelectricitytransactionmodelbasedonblockchain AT huwei improvedsmartcontractelectricitytransactionmodelbasedonblockchain AT haoyixu improvedsmartcontractelectricitytransactionmodelbasedonblockchain AT zhangxiaobiao improvedsmartcontractelectricitytransactionmodelbasedonblockchain |