Security-aware Transactive Energy System with Virtual Power Plants Through Blockchain and Multi-Signature
Transactive energy, characterized by decentralized energy trading among distributed energy resources, is gaining prominence as a solution to meet the evolving needs of modern energy markets. Virtual Power Plants (VPPs) play a pivotal role in this landscape, serving as aggregators of diverse energy resources to coordinate and optimize energy generation, consumption, and trading. As the energy market becomes more open and decentralized, blockchain offers inherent advantages such as transparency, immutability, and security, making it an ideal platform to facilitate transactive energy market. Therefore, in this work, we leverage a permissioned blockchain platform Fabric to enable efficient and secure energy trading. Considering that VPPs are virtual and do not have account control permissions, a multi-signature wallet is tailored for VPPs, enhancing the security and reliability of energy transactions. First, this paper proposes a three-layer architecture to facilitate energy transactions among VPPs, which includes a transaction layer, an energy layer, and a blockchain layer. Furthermore, facilitated by blockchain and multi-signature, the energy market is secured against dishonest VPPs. Specifically, the market includes initialization, double auction, contract deploy, energy transmission, and fund transfer. Experiments on an open-source simulation platform, PEMT-CoSim, verify the effectiveness of the proposed system. This work contributes to the advancement of energy transactions among VPPs, offering insights into secure and efficient energy trading and resource management in decentralized energy markets.
Fri 26 JulDisplayed time zone: Beijing, Chongqing, Hong Kong, Urumqi change
13:30 - 15:15 | Session 2 - Blockchain-based ApplicationResearch Track at The ballroom B Chair(s): Jiachi Chen Sun Yat-sen University | ||
13:30 15mPaper | A Blockchain based ReDoS Cyber Threat Intelligence Sharing System for Privacy-preserving and Incentive Comparability Research Track Yanran Tang Guangzhou University, Mengqing Cheng Guangzhou University, Mengyu Wang Guangzhou University, Yuan Zhou , Yuan Liu Guangzhou University, Chunming Rong University of Stavanger, Norway, Zhihong Tian Guangzhou university | ||
13:45 15mPaper | Empowering Autonomous IoT Devices in Blockchain through Gasless Transactions Research Track Yash Madhwal Skolkovo Institute of Science and Technology, Yury Yanovich Skolkovo Institute of Science and Technology; Faculty of Computer Science, HSE University, Aleksandra Korotkevich HSE University, Daria Parshina HSE University, Nshteh Seropian HSE University, Stepan Gavrilov ITMO University, Alex Nikolaev Moscow Institute of Physics and Technology, S. Balachander SRM Institute of Science and Technology, A. Murugan SRM Institute of Science and Technology | ||
14:00 15mPaper | A Blockchain based Efficient Incentive Mechanism in Tripartite Cyber Threat Intelligence Service Marketplace Research Track Yuan Zhou , Yuan Liu Guangzhou University, YaoYao Zhang Guangzhou university, Yang Qinglin Guangzhou University, Chunming Rong University of Stavanger, Norway, Zhihong Tian Guangzhou university | ||
14:15 15mPaper | Blockchain-Driven Innovation in Fashion Supply Chain Contractual Party Evaluations as an Emerging Collaboration Model Research Track Minhao Qiao The Hong Kong Polytechnic University, Xuanchang Chen The Hong Kong Polytechnic University, Yangping Zhou The Hong Kong Polytechnic University, P. Y. Mok The Hong Kong Polytechnic University | ||
14:30 15mPaper | The Implementation of Open Banking Under the Sovereign Blockchain Theory Research Track Mi Wang Liaoning University | ||
14:45 15mPaper | A Blockchain-based Trusted Sharing Method for Railway Transportation BIM Data Research Track Chenhao Wang Zhejiang University, Xiaogang Wang China Railway Engineering Design & Consulting Group Co. | ||
15:00 15mPaper | Security-aware Transactive Energy System with Virtual Power Plants Through Blockchain and Multi-Signature Research Track Peng Zhang Shenzhen University, Junpeng Peng Shenzhen University, Yuhong Liu Santa Clara University, Zujie Tang Shenzhen University | ||