A Secure and Decentralized Blockchain Based EV Energy Trading Model Using Smart Contract in V2G Network
<p>In this work, a secure and decentralized Blockchain based energy trading model for electric vehicles (EVs) using Smart contract that achieves Peer-to-Peer (P2P) transactions between EVs in Vehicle to Grid networks is designed. The traditional energy trading model is a centralized structure...
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2021
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| _version_ | 1864513560313331712 |
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| author | Atif Iqbal (5504636) |
| author2 | Arun Sekar Rajasekaran (16891500) Gadilli Sai Nikhil (16891503) Maria Azees (16891506) |
| author2_role | author author author |
| author_facet | Atif Iqbal (5504636) Arun Sekar Rajasekaran (16891500) Gadilli Sai Nikhil (16891503) Maria Azees (16891506) |
| author_role | author |
| dc.creator.none.fl_str_mv | Atif Iqbal (5504636) Arun Sekar Rajasekaran (16891500) Gadilli Sai Nikhil (16891503) Maria Azees (16891506) |
| dc.date.none.fl_str_mv | 2021-05-17T00:00:00Z |
| dc.identifier.none.fl_str_mv | 10.1109/access.2021.3081506 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/A_Secure_and_Decentralized_Blockchain_Based_EV_Energy_Trading_Model_Using_Smart_Contract_in_V2G_Network/24042456 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Engineering Automotive engineering Communications engineering Electrical engineering Information and computing sciences Data management and data science Distributed computing and systems software Blockchain Vehicle-to-grid Heuristic algorithms Pricing Vehicle dynamics Smart contracts Electric vehicle charging Bilinear pairing Electric vehicle Smart contract Vehicle to grid |
| dc.title.none.fl_str_mv | A Secure and Decentralized Blockchain Based EV Energy Trading Model Using Smart Contract in V2G Network |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p>In this work, a secure and decentralized Blockchain based energy trading model for electric vehicles (EVs) using Smart contract that achieves Peer-to-Peer (P2P) transactions between EVs in Vehicle to Grid networks is designed. The traditional energy trading model is a centralized structure based on trusted third parties, and there may an issue of single-point failure and leakage of privacy. In this way, a blockchain-based framework offers a secure, efficient and transparent trading model. Initially, the participating EVs and aggregator in the trading process should register at the trusted authority. Once the registration is successfully completed, both EVs and aggregator authenticate each other mutually in an anonymous manner. Moreover, only authorized EVs (charging and discharging EVs) participate in the contrary auction mechanism to exchange power/money based on their demand. Simulation conducted for the proposed scheme shows that our scheme has high speed (i.e., less computational time and execution time) which improves the market efficiency. In-addition, the transactions are non tamperable, when compared to the conventional scheme.</p><h2>Other Information</h2><p>Published in: IEEE Access<br>License: <a href="https://creativecommons.org/licenses/by/4.0/legalcode" target="_blank">https://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1109/access.2021.3081506" target="_blank">https://dx.doi.org/10.1109/access.2021.3081506</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_3e8a865770742958410a3cdceb4592e9 |
| identifier_str_mv | 10.1109/access.2021.3081506 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/24042456 |
| publishDate | 2021 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | A Secure and Decentralized Blockchain Based EV Energy Trading Model Using Smart Contract in V2G NetworkAtif Iqbal (5504636)Arun Sekar Rajasekaran (16891500)Gadilli Sai Nikhil (16891503)Maria Azees (16891506)EngineeringAutomotive engineeringCommunications engineeringElectrical engineeringInformation and computing sciencesData management and data scienceDistributed computing and systems softwareBlockchainVehicle-to-gridHeuristic algorithmsPricingVehicle dynamicsSmart contractsElectric vehicle chargingBilinear pairingElectric vehicleSmart contractVehicle to grid<p>In this work, a secure and decentralized Blockchain based energy trading model for electric vehicles (EVs) using Smart contract that achieves Peer-to-Peer (P2P) transactions between EVs in Vehicle to Grid networks is designed. The traditional energy trading model is a centralized structure based on trusted third parties, and there may an issue of single-point failure and leakage of privacy. In this way, a blockchain-based framework offers a secure, efficient and transparent trading model. Initially, the participating EVs and aggregator in the trading process should register at the trusted authority. Once the registration is successfully completed, both EVs and aggregator authenticate each other mutually in an anonymous manner. Moreover, only authorized EVs (charging and discharging EVs) participate in the contrary auction mechanism to exchange power/money based on their demand. Simulation conducted for the proposed scheme shows that our scheme has high speed (i.e., less computational time and execution time) which improves the market efficiency. In-addition, the transactions are non tamperable, when compared to the conventional scheme.</p><h2>Other Information</h2><p>Published in: IEEE Access<br>License: <a href="https://creativecommons.org/licenses/by/4.0/legalcode" target="_blank">https://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1109/access.2021.3081506" target="_blank">https://dx.doi.org/10.1109/access.2021.3081506</a></p>2021-05-17T00:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1109/access.2021.3081506https://figshare.com/articles/journal_contribution/A_Secure_and_Decentralized_Blockchain_Based_EV_Energy_Trading_Model_Using_Smart_Contract_in_V2G_Network/24042456CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/240424562021-05-17T00:00:00Z |
| spellingShingle | A Secure and Decentralized Blockchain Based EV Energy Trading Model Using Smart Contract in V2G Network Atif Iqbal (5504636) Engineering Automotive engineering Communications engineering Electrical engineering Information and computing sciences Data management and data science Distributed computing and systems software Blockchain Vehicle-to-grid Heuristic algorithms Pricing Vehicle dynamics Smart contracts Electric vehicle charging Bilinear pairing Electric vehicle Smart contract Vehicle to grid |
| status_str | publishedVersion |
| title | A Secure and Decentralized Blockchain Based EV Energy Trading Model Using Smart Contract in V2G Network |
| title_full | A Secure and Decentralized Blockchain Based EV Energy Trading Model Using Smart Contract in V2G Network |
| title_fullStr | A Secure and Decentralized Blockchain Based EV Energy Trading Model Using Smart Contract in V2G Network |
| title_full_unstemmed | A Secure and Decentralized Blockchain Based EV Energy Trading Model Using Smart Contract in V2G Network |
| title_short | A Secure and Decentralized Blockchain Based EV Energy Trading Model Using Smart Contract in V2G Network |
| title_sort | A Secure and Decentralized Blockchain Based EV Energy Trading Model Using Smart Contract in V2G Network |
| topic | Engineering Automotive engineering Communications engineering Electrical engineering Information and computing sciences Data management and data science Distributed computing and systems software Blockchain Vehicle-to-grid Heuristic algorithms Pricing Vehicle dynamics Smart contracts Electric vehicle charging Bilinear pairing Electric vehicle Smart contract Vehicle to grid |