Blockchain-based smart payment scheme of power infrastructure funds
Nowadays, the construction of smart grids and new digital infrastructure is vigorously promoted by the government, so that the power infrastructure is gradually developing towards intelligence and digitization. However, various challenges such as the industry barrier difficult to remove, the unclear...
| Main Authors: | , , , , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2021-11-01
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| Series: | Energy Reports |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2352484721009859 |
| _version_ | 1818736644416602112 |
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| author | Wei Wu Hongjie He Zhenyue Chu Yi Liu Liang Shi Mingqing Gu Tianhan Zhang Zhenzhi Lin Li Yang |
| author_facet | Wei Wu Hongjie He Zhenyue Chu Yi Liu Liang Shi Mingqing Gu Tianhan Zhang Zhenzhi Lin Li Yang |
| author_sort | Wei Wu |
| collection | DOAJ |
| description | Nowadays, the construction of smart grids and new digital infrastructure is vigorously promoted by the government, so that the power infrastructure is gradually developing towards intelligence and digitization. However, various challenges such as the industry barrier difficult to remove, the unclear supervision policy, and unmatured technology specifications are brought into the present infrastructure construction. In order to improve the timeliness and accuracy of the power infrastructure fund payment, increase the credibility of data, and enhance the quality and effectiveness of supervision and review, a blockchain-based smart payment scheme for power infrastructure is proposed in this work. First, a smart payment business framework of power infrastructure based on blockchain technology is designed. On this basis, the overall framework of the smart payment scheme and the relationships between participants of the blockchain are analyzed. Then, the smart contract for power infrastructure fund payment based on Remix IDE is customized and the correctness and efficiency of the scheme are verified. Finally, the effectiveness and advantages of the scheme are analyzed from the perspective of reliability, security, and efficiency. The simulation result shows that the smart contract based payment process of power infrastructure funds can be optimized and simplified by the proposed scheme and the overall processing time can be reduced by more than 30%. |
| first_indexed | 2024-12-18T00:40:26Z |
| format | Article |
| id | doaj.art-e3a26c12626447aea34a030cf57cbd74 |
| institution | Directory Open Access Journal |
| issn | 2352-4847 |
| language | English |
| last_indexed | 2024-12-18T00:40:26Z |
| publishDate | 2021-11-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Energy Reports |
| spelling | doaj.art-e3a26c12626447aea34a030cf57cbd742022-12-21T21:26:54ZengElsevierEnergy Reports2352-48472021-11-017725733Blockchain-based smart payment scheme of power infrastructure fundsWei Wu0Hongjie He1Zhenyue Chu2Yi Liu3Liang Shi4Mingqing Gu5Tianhan Zhang6Zhenzhi Lin7Li Yang8State Grid Jiangsu Electric Power Co., Ltd., Nanjing 210009, ChinaState Grid Jiangsu Electric Power Co., Ltd., Nanjing 210009, ChinaSchool of Electrical Engineering, Zhejiang University, Hangzhou 310027, ChinaState Grid Jiangsu Electric Power Co., Ltd., Nanjing 210009, ChinaState Grid Jiangsu Electric Power Co., Ltd., Nanjing 210009, ChinaState Grid Jiangsu Electric Power Co., Ltd., Nanjing 210009, ChinaSchool of Electrical Engineering, Zhejiang University, Hangzhou 310027, China; Corresponding author.School of Electrical Engineering, Zhejiang University, Hangzhou 310027, ChinaSchool of Electrical Engineering, Zhejiang University, Hangzhou 310027, ChinaNowadays, the construction of smart grids and new digital infrastructure is vigorously promoted by the government, so that the power infrastructure is gradually developing towards intelligence and digitization. However, various challenges such as the industry barrier difficult to remove, the unclear supervision policy, and unmatured technology specifications are brought into the present infrastructure construction. In order to improve the timeliness and accuracy of the power infrastructure fund payment, increase the credibility of data, and enhance the quality and effectiveness of supervision and review, a blockchain-based smart payment scheme for power infrastructure is proposed in this work. First, a smart payment business framework of power infrastructure based on blockchain technology is designed. On this basis, the overall framework of the smart payment scheme and the relationships between participants of the blockchain are analyzed. Then, the smart contract for power infrastructure fund payment based on Remix IDE is customized and the correctness and efficiency of the scheme are verified. Finally, the effectiveness and advantages of the scheme are analyzed from the perspective of reliability, security, and efficiency. The simulation result shows that the smart contract based payment process of power infrastructure funds can be optimized and simplified by the proposed scheme and the overall processing time can be reduced by more than 30%.http://www.sciencedirect.com/science/article/pii/S2352484721009859BlockchainSmart contractPower infrastructureFund paymentDigital signature |
| spellingShingle | Wei Wu Hongjie He Zhenyue Chu Yi Liu Liang Shi Mingqing Gu Tianhan Zhang Zhenzhi Lin Li Yang Blockchain-based smart payment scheme of power infrastructure funds Energy Reports Blockchain Smart contract Power infrastructure Fund payment Digital signature |
| title | Blockchain-based smart payment scheme of power infrastructure funds |
| title_full | Blockchain-based smart payment scheme of power infrastructure funds |
| title_fullStr | Blockchain-based smart payment scheme of power infrastructure funds |
| title_full_unstemmed | Blockchain-based smart payment scheme of power infrastructure funds |
| title_short | Blockchain-based smart payment scheme of power infrastructure funds |
| title_sort | blockchain based smart payment scheme of power infrastructure funds |
| topic | Blockchain Smart contract Power infrastructure Fund payment Digital signature |
| url | http://www.sciencedirect.com/science/article/pii/S2352484721009859 |
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