Electric Vehicle Power Trading Mechanism Based on Blockchain and Smart Contract in V2G Network
In order to realize peer-to-peer (P2P) transactions between electric vehicles (EVs) in vehicle-to-grid (V2G) networks, we propose an EV power trading model based on blockchain and smart contract. Firstly, based on the blockchain and smart contract technology, a decentralized power trading model is p...
| 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/8889684/ |
| _version_ | 1819276170286333952 |
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| author | Haiqing Liu Yan Zhang Shiqiang Zheng Yuancheng Li |
| author_facet | Haiqing Liu Yan Zhang Shiqiang Zheng Yuancheng Li |
| author_sort | Haiqing Liu |
| collection | DOAJ |
| description | In order to realize peer-to-peer (P2P) transactions between electric vehicles (EVs) in vehicle-to-grid (V2G) networks, we propose an EV power trading model based on blockchain and smart contract. Firstly, based on the blockchain and smart contract technology, a decentralized power trading model is proposed to realize the information equivalence and transparent openness of power trading. Then, considering the randomness and uncertainty of EV charging and discharging, the EV trading parties use the reverse auction mechanism based on dynamic pricing strategy to complete the transaction matching, which can not only improve the profit of the less competitive power seller, but also it can reduce the cost of the electricity purchaser. Finally, in order to verify the feasibility of our proposed scheme, V2G's EV power trading smart contract was designed, and the smart contract was released to Ethereum and simulated experiments were carried out. The effectiveness of the proposed scheme is verified by simulation experiments and comparison with traditional power trading schemes. |
| first_indexed | 2024-12-23T23:35:58Z |
| format | Article |
| id | doaj.art-e4b0abd64e544d1288df32bc7b2c768b |
| institution | Directory Open Access Journal |
| issn | 2169-3536 |
| language | English |
| last_indexed | 2024-12-23T23:35:58Z |
| publishDate | 2019-01-01 |
| publisher | IEEE |
| record_format | Article |
| series | IEEE Access |
| spelling | doaj.art-e4b0abd64e544d1288df32bc7b2c768b2022-12-21T17:25:52ZengIEEEIEEE Access2169-35362019-01-01716054616055810.1109/ACCESS.2019.29510578889684Electric Vehicle Power Trading Mechanism Based on Blockchain and Smart Contract in V2G NetworkHaiqing Liu0Yan Zhang1Shiqiang Zheng2Yuancheng Li3https://orcid.org/0000-0001-8074-7259School of Control and Computer Engineering, North China Electric Power University, Beijing, ChinaSchool of Control and Computer Engineering, North China Electric Power University, Beijing, ChinaSchool of Control and Computer Engineering, North China Electric Power University, Beijing, ChinaSchool of Control and Computer Engineering, North China Electric Power University, Beijing, ChinaIn order to realize peer-to-peer (P2P) transactions between electric vehicles (EVs) in vehicle-to-grid (V2G) networks, we propose an EV power trading model based on blockchain and smart contract. Firstly, based on the blockchain and smart contract technology, a decentralized power trading model is proposed to realize the information equivalence and transparent openness of power trading. Then, considering the randomness and uncertainty of EV charging and discharging, the EV trading parties use the reverse auction mechanism based on dynamic pricing strategy to complete the transaction matching, which can not only improve the profit of the less competitive power seller, but also it can reduce the cost of the electricity purchaser. Finally, in order to verify the feasibility of our proposed scheme, V2G's EV power trading smart contract was designed, and the smart contract was released to Ethereum and simulated experiments were carried out. The effectiveness of the proposed scheme is verified by simulation experiments and comparison with traditional power trading schemes.https://ieeexplore.ieee.org/document/8889684/Blockchaindecentralizationreverse auctionssmart contractV2G |
| spellingShingle | Haiqing Liu Yan Zhang Shiqiang Zheng Yuancheng Li Electric Vehicle Power Trading Mechanism Based on Blockchain and Smart Contract in V2G Network IEEE Access Blockchain decentralization reverse auctions smart contract V2G |
| title | Electric Vehicle Power Trading Mechanism Based on Blockchain and Smart Contract in V2G Network |
| title_full | Electric Vehicle Power Trading Mechanism Based on Blockchain and Smart Contract in V2G Network |
| title_fullStr | Electric Vehicle Power Trading Mechanism Based on Blockchain and Smart Contract in V2G Network |
| title_full_unstemmed | Electric Vehicle Power Trading Mechanism Based on Blockchain and Smart Contract in V2G Network |
| title_short | Electric Vehicle Power Trading Mechanism Based on Blockchain and Smart Contract in V2G Network |
| title_sort | electric vehicle power trading mechanism based on blockchain and smart contract in v2g network |
| topic | Blockchain decentralization reverse auctions smart contract V2G |
| url | https://ieeexplore.ieee.org/document/8889684/ |
| work_keys_str_mv | AT haiqingliu electricvehiclepowertradingmechanismbasedonblockchainandsmartcontractinv2gnetwork AT yanzhang electricvehiclepowertradingmechanismbasedonblockchainandsmartcontractinv2gnetwork AT shiqiangzheng electricvehiclepowertradingmechanismbasedonblockchainandsmartcontractinv2gnetwork AT yuanchengli electricvehiclepowertradingmechanismbasedonblockchainandsmartcontractinv2gnetwork |