A Privacy Protection Scheme of Microgrid Direct Electricity Transaction Based on Consortium Blockchain and Continuous Double Auction
Low cost, high efficiency, price transparency, and timely settlement of transactions are required for direct transactions between electricity providers and consumers in the microgrids. So the blockchain technology and the continuous double auction mechanism for direct electricity trading have always...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
IEEE
2019-01-01
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| Series: | IEEE Access |
| Subjects: | |
| Online Access: | https://ieeexplore.ieee.org/document/8865116/ |
| _version_ | 1819169341866770432 |
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| author | Shaomin Zhang Miao Pu Baoyi Wang Bin Dong |
| author_facet | Shaomin Zhang Miao Pu Baoyi Wang Bin Dong |
| author_sort | Shaomin Zhang |
| collection | DOAJ |
| description | Low cost, high efficiency, price transparency, and timely settlement of transactions are required for direct transactions between electricity providers and consumers in the microgrids. So the blockchain technology and the continuous double auction mechanism for direct electricity trading have always been a hot topic in the field of microgrids.In order to further reduce the transaction cost of blockchain and increase the transaction efficiency, and to solve the problem of lack of privacy protection for continuous double auction in the existing scheme, a privacy protection scheme of microgrids direct electricity transaction based on consortium blockchain and the continuous double auction is proposed. In it, the combination of consortium blockchain technology and continuous double auction mechanism is applied to reduce costs and improve the efficiency of transactions. In the meanwhile, pseudonyms and pseudonym certificates are generated by fair blind signature technology to realize identity privacy in the continuous double auction. And decentralization and user identity traceability are achieved by using (t, n) threshold secret sharing technology which distributes and recovers the private key of a trusted third party. The theoretical security analysis shows that the privacy protection scheme has higher security. The simulation experiment shows that the consortium blockchain technology has lower cost and higher efficiency in this scheme. |
| first_indexed | 2024-12-22T19:17:58Z |
| format | Article |
| id | doaj.art-bc5273bd64f54aefbdd366e9745fa068 |
| institution | Directory Open Access Journal |
| issn | 2169-3536 |
| language | English |
| last_indexed | 2024-12-22T19:17:58Z |
| publishDate | 2019-01-01 |
| publisher | IEEE |
| record_format | Article |
| series | IEEE Access |
| spelling | doaj.art-bc5273bd64f54aefbdd366e9745fa0682022-12-21T18:15:28ZengIEEEIEEE Access2169-35362019-01-01715174615175310.1109/ACCESS.2019.29467948865116A Privacy Protection Scheme of Microgrid Direct Electricity Transaction Based on Consortium Blockchain and Continuous Double AuctionShaomin Zhang0https://orcid.org/0000-0002-5058-6818Miao Pu1Baoyi Wang2Bin Dong3https://orcid.org/0000-0003-0211-7344School of Control and Computer Engineering, North China Electric Power University, Baoding, ChinaSchool of Control and Computer Engineering, North China Electric Power University, Baoding, ChinaSchool of Control and Computer Engineering, North China Electric Power University, Baoding, ChinaAffiliated Hospital of Hebei University, Hebei University, Baoding, ChinaLow cost, high efficiency, price transparency, and timely settlement of transactions are required for direct transactions between electricity providers and consumers in the microgrids. So the blockchain technology and the continuous double auction mechanism for direct electricity trading have always been a hot topic in the field of microgrids.In order to further reduce the transaction cost of blockchain and increase the transaction efficiency, and to solve the problem of lack of privacy protection for continuous double auction in the existing scheme, a privacy protection scheme of microgrids direct electricity transaction based on consortium blockchain and the continuous double auction is proposed. In it, the combination of consortium blockchain technology and continuous double auction mechanism is applied to reduce costs and improve the efficiency of transactions. In the meanwhile, pseudonyms and pseudonym certificates are generated by fair blind signature technology to realize identity privacy in the continuous double auction. And decentralization and user identity traceability are achieved by using (t, n) threshold secret sharing technology which distributes and recovers the private key of a trusted third party. The theoretical security analysis shows that the privacy protection scheme has higher security. The simulation experiment shows that the consortium blockchain technology has lower cost and higher efficiency in this scheme.https://ieeexplore.ieee.org/document/8865116/Microgrid electricity tradingconsortium blockchainfair blind signature(t, n) threshold secret sharingprivacy protection |
| spellingShingle | Shaomin Zhang Miao Pu Baoyi Wang Bin Dong A Privacy Protection Scheme of Microgrid Direct Electricity Transaction Based on Consortium Blockchain and Continuous Double Auction IEEE Access Microgrid electricity trading consortium blockchain fair blind signature (t, n) threshold secret sharing privacy protection |
| title | A Privacy Protection Scheme of Microgrid Direct Electricity Transaction Based on Consortium Blockchain and Continuous Double Auction |
| title_full | A Privacy Protection Scheme of Microgrid Direct Electricity Transaction Based on Consortium Blockchain and Continuous Double Auction |
| title_fullStr | A Privacy Protection Scheme of Microgrid Direct Electricity Transaction Based on Consortium Blockchain and Continuous Double Auction |
| title_full_unstemmed | A Privacy Protection Scheme of Microgrid Direct Electricity Transaction Based on Consortium Blockchain and Continuous Double Auction |
| title_short | A Privacy Protection Scheme of Microgrid Direct Electricity Transaction Based on Consortium Blockchain and Continuous Double Auction |
| title_sort | privacy protection scheme of microgrid direct electricity transaction based on consortium blockchain and continuous double auction |
| topic | Microgrid electricity trading consortium blockchain fair blind signature (t, n) threshold secret sharing privacy protection |
| url | https://ieeexplore.ieee.org/document/8865116/ |
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