The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Enabling Localized Peer-to-Peer Electricity Trading Among Plug-in Hybrid Electric Vehicles Using Consortium Blockchains
Abstract
We propose a localized peer-to-peer (P2P) electricity trading model for locally buying and selling electricity among plug-in hybrid electric vehicles (PHEVs) in smart grids. Unlike traditional schemes, which transport electricity over long distances and through complex electricity transportation meshes, our proposed model achieves demand response by providing incentives to discharging PHEVs to balance local electricity demand out of their own self-interests. However, since transaction security and privacy protection issues present serious challenges, we explore a promising consortium blockchain technology to improve transaction security without reliance on a trusted third party. A localized P2P Electricity Trading system with COnsortium blockchaiN (PETCON) method is proposed to illustrate detailed operations of localized P2P electricity trading. Moreover, the electricity pricing and the amount of traded electricity among PHEVs are solved by an iterative double auction mechanism to maximize social welfare in this electricity trading. Security analysis shows that our proposed PETCON improves transaction security and privacy protection. Numerical results based on a real map of Texas indicate that the double auction mechanism can achieve social welfare maximization while protecting privacy of the PHEVs.
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Boyd, S., & Vandenberghe, L. (2004) · doi:10.1017/cbo9780511804441 · Cited by 56,601
Cited by
Consortium Blockchain for Secure Energy Trading in Industrial Internet of Things
Li, Z., Kang, J., Yu, R., Ye, D., Deng, Q., & Zhang, Y. (2017) · IEEE Transactions on Industrial Informatics · doi:10.1109/tii.2017.2786307 · Cited by 1,103
Self-citationBlockchain for internet of things: a survey
Dai, H.-N., Zheng, Z., & Zhang, Y. (2019) · IEEE Internet of Things Journal · doi:10.1109/jiot.2019.2920987 · Cited by 1,246
Self-citationApplications of Blockchains in the Internet of Things: A Comprehensive Survey
Ali, M. S., Vecchio, M., Pincheira, M., Dolui, K., Antonelli, F., & Rehmani, M. H. (2019) · IEEE Communications Surveys & Tutorials · doi:10.1109/comst.2018.2886932 · Cited by 855
Pournader, M., Shi, Y., Seuring, S., & Koh, S. C. L. (2020) · International Journal of Production Research · doi:10.1080/00207543.2019.1650976 · Cited by 854
A Comprehensive Survey on Attacks, Security Issues and Blockchain Solutions for IoT and IIoT
Sengupta, J., Ruj, S., & Das Bit, S. (2020) · Journal of Network and Computer Applications · doi:10.1016/j.jnca.2019.102481 · Cited by 844
Metadata
- Authors
- Kang, J., Yu, R., Huang, X., Maharjan, S., Zhang, Y., & Hossain, E.
- Venue
- IEEE Transactions on Industrial Informatics
- Published
- 2017-12
- Volume
- 13
- Issue
- 6
- Pages
- 3154-3164
- ISSN
- 1551-3203 (ISSN-L)
- 1941-0050
- OpenAlex
- W2619984247
- Cited by
- 1,139
- References
- 1
- FWCI
- 235.86
- Type
- journal article
- Language
- en
- Open access
- closed
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- Kang, J., Yu, R., Huang, X., Maharjan, S., Zhang, Y., & Hossain, E. (2017). Enabling Localized Peer-to-Peer Electricity Trading Among Plug-in Hybrid Electric Vehicles Using Consortium Blockchains. IEEE Transactions on Industrial Informatics. https://doi.org/10.1109/tii.2017.2709784
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