Privacy-Preserving Transactive Energy Management for IoT-aided Smart Homes via Blockchain

01/11/2021
by   Qing Yang, et al.
0

With the booming of smart grid, The ubiquitously deployed smart meters constitutes an energy internet of things. This paper develops a novel blockchain-based transactive energy management system for IoT-aided smart homes. We consider a holistic set of options for smart homes to participate in transactive energy. Smart homes can interact with the grid to perform vertical transactions, e.g., feeding in extra solar energy to the grid and providing demand response service to alleviate the grid load. Smart homes can also interact with peer users to perform horizontal transactions, e.g., peer-to-peer energy trading. However, conventional transactive energy management method suffers from the drawbacks of low efficiency, privacy leakage, and single-point failure. To address these challenges, we develop a privacy-preserving distributed algorithm that enables users to optimally manage their energy usages in parallel via the smart contract on the blockchain. Further, we design an efficient blockchain system tailored for IoT devices and develop the smart contract to support the holistic transactive energy management system. Finally, we evaluate the feasibility and performance of the blockchain-based transactive energy management system through extensive simulations and experiments. The results show that the blockchain-based transactive energy management system is feasible on practical IoT devices and reduces the overall cost by 25

READ FULL TEXT

page 1

page 10

page 11

research
05/20/2019

Privacy-Preserving P2P Energy Market on the Blockchain

Quartierstrom creates a peer-to-peer marketplace for locally generated s...
research
10/26/2020

Blockchain-Empowered Socially Optimal Transactive Energy System: Framework and Implementation

Transactive energy plays a key role in the operation and energy manageme...
research
06/04/2021

Blockchain for Transactive Energy Management of Distributed Energy Resources in Smart Grid

This work presents the design and implementation of a blockchain system ...
research
02/27/2022

ZipZap: A Blockchain Solution for Local Energy Trading

In the last few years, electric utility companies have increasingly inve...
research
07/07/2020

Optimal Witnessing of Healthcare IoT Data Using Blockchain Logging Contract

Verification of data generated by wearable sensors is increasingly becom...
research
11/05/2018

Blockchain-based Privacy-Preserving Charging Coordination Mechanism for Energy Storage Units

Energy storage units (ESUs) enable several attractive features of modern...
research
07/08/2018

Mind My Value: a decentralized infrastructure for fair and trusted IoT data trading

Internet of Things (IoT) data are increasingly viewed as a new form of m...

Please sign up or login with your details

Forgot password? Click here to reset