Blockchain Smart Contract-Enabled Secure Energy Trading for Electric Vehicles
In this paper, a blockchain-enabled energy trading method is proposed to deal with the inefficiency and security issues in energy trading for electric vehicles in smart grids. It includes the design of a smart contract and the excitation mechanism of energy sharing. The credit points of each vehicle...
| Main Authors: | , , , , , , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2022-09-01
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| Series: | Energies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1996-1073/15/18/6733 |
| _version_ | 1827661343111512064 |
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| author | Feng Xue Kang Chang Wei Li Qin Wang Haitao Zhao Hui Zhang Yiyang Ni Wenchao Xia |
| author_facet | Feng Xue Kang Chang Wei Li Qin Wang Haitao Zhao Hui Zhang Yiyang Ni Wenchao Xia |
| author_sort | Feng Xue |
| collection | DOAJ |
| description | In this paper, a blockchain-enabled energy trading method is proposed to deal with the inefficiency and security issues in energy trading for electric vehicles in smart grids. It includes the design of a smart contract and the excitation mechanism of energy sharing. The credit points of each vehicle as a node are considered in the design of the smart contract, which is used to supervise the process of energy trading. A strategy to estimate the credit points of each node and describe the excitation mechanism is illustrated. The connection between the credit points and the probability that a node would be accepted for energy trading has been established. To control the energy trading access, a double auction method is used to choose the part of the nodes participating in energy trading. Only selected nodes with winning bids can supply or request energy from the blockchain-based platform. Then it reaches the conclusion that the higher the credit points they have, the more trading initiative they would have during the energy transaction and transmission. The smart contract design and the excitation mechanism proposed in this paper would reward the vehicles that perform well and punish the beguiling vehicles for regulating the trading process. |
| first_indexed | 2024-03-10T00:08:04Z |
| format | Article |
| id | doaj.art-5ed0e22d07784697b1cdc17f5bf58436 |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-10T00:08:04Z |
| publishDate | 2022-09-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-5ed0e22d07784697b1cdc17f5bf584362023-11-23T16:04:52ZengMDPI AGEnergies1996-10732022-09-011518673310.3390/en15186733Blockchain Smart Contract-Enabled Secure Energy Trading for Electric VehiclesFeng Xue0Kang Chang1Wei Li2Qin Wang3Haitao Zhao4Hui Zhang5Yiyang Ni6Wenchao Xia7State Key Laboratory of Smart Grid Protection and Control, Nanjing 211106, ChinaState Key Laboratory of Smart Grid Protection and Control, Nanjing 211106, ChinaState Key Laboratory of Smart Grid Protection and Control, Nanjing 211106, ChinaCollege of Telecommunications and Information Engineering, Nanjing University of Posts and Telecommunications, Nanjing 210003, ChinaCollege of Telecommunications and Information Engineering, Nanjing University of Posts and Telecommunications, Nanjing 210003, ChinaCollege of Telecommunications and Information Engineering, Nanjing University of Posts and Telecommunications, Nanjing 210003, ChinaCollege of Telecommunications and Information Engineering, Nanjing University of Posts and Telecommunications, Nanjing 210003, ChinaCollege of Telecommunications and Information Engineering, Nanjing University of Posts and Telecommunications, Nanjing 210003, ChinaIn this paper, a blockchain-enabled energy trading method is proposed to deal with the inefficiency and security issues in energy trading for electric vehicles in smart grids. It includes the design of a smart contract and the excitation mechanism of energy sharing. The credit points of each vehicle as a node are considered in the design of the smart contract, which is used to supervise the process of energy trading. A strategy to estimate the credit points of each node and describe the excitation mechanism is illustrated. The connection between the credit points and the probability that a node would be accepted for energy trading has been established. To control the energy trading access, a double auction method is used to choose the part of the nodes participating in energy trading. Only selected nodes with winning bids can supply or request energy from the blockchain-based platform. Then it reaches the conclusion that the higher the credit points they have, the more trading initiative they would have during the energy transaction and transmission. The smart contract design and the excitation mechanism proposed in this paper would reward the vehicles that perform well and punish the beguiling vehicles for regulating the trading process.https://www.mdpi.com/1996-1073/15/18/6733energy tradingelectric vehiclesblockchainincentive mechanismsmart contract |
| spellingShingle | Feng Xue Kang Chang Wei Li Qin Wang Haitao Zhao Hui Zhang Yiyang Ni Wenchao Xia Blockchain Smart Contract-Enabled Secure Energy Trading for Electric Vehicles Energies energy trading electric vehicles blockchain incentive mechanism smart contract |
| title | Blockchain Smart Contract-Enabled Secure Energy Trading for Electric Vehicles |
| title_full | Blockchain Smart Contract-Enabled Secure Energy Trading for Electric Vehicles |
| title_fullStr | Blockchain Smart Contract-Enabled Secure Energy Trading for Electric Vehicles |
| title_full_unstemmed | Blockchain Smart Contract-Enabled Secure Energy Trading for Electric Vehicles |
| title_short | Blockchain Smart Contract-Enabled Secure Energy Trading for Electric Vehicles |
| title_sort | blockchain smart contract enabled secure energy trading for electric vehicles |
| topic | energy trading electric vehicles blockchain incentive mechanism smart contract |
| url | https://www.mdpi.com/1996-1073/15/18/6733 |
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