Consortium Blockchain for Secure Energy Trading in Industrial Internet of Things
Open accessAbstract
In industrial Internet of things (IIoT), peer-to-peer (P2P) energy trading ubiquitously takes place in various scenarios, e.g., microgrids, energy harvesting networks, and vehicle-to-grid networks. However, there are common security and privacy challenges caused by untrusted and nontransparent energy markets in these scenarios. To address the security challenges, we exploit the consortium blockchain technology to propose a secure energy trading system named energy blockchain. This energy blockchain can be widely used in general scenarios of P2P energy trading getting rid of a trusted intermediary. Besides, to reduce the transaction limitation resulted from transaction confirmation delays on the energy blockchain, we propose a credit-based payment scheme to support fast and frequent energy trading. An optimal pricing strategy using Stackelberg game for credit-based loans is also proposed. Security analysis and numerical results based on a real dataset illustrate that the proposed energy blockchain and credit-based payment scheme are secure and efficient in IIoT.
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- Authors
- Li, Z., Kang, J., Yu, R., Ye, D., Deng, Q., & Zhang, Y.
- Affiliations
- Xiangtan University (CN)
- Beijing University of Posts and Telecommunications (CN)
- University of Oslo (NO)
- Venue
- IEEE Transactions on Industrial Informatics
- Published
- 2017
- Pages
- 1-1
- ISSN
- 1551-3203 (ISSN-L)
- 1941-0050
- OpenAlex
- W2777447168
- Cited by
- 1,103
- References
- 2
- Citations by year
- 2026: 11 · 2025: 55 · 2024: 89 · 2023: 130 · 2022: 184 · 2021: 233 · 2020: 194 · 2019: 166 · 2018: 41
- FWCI
- 204.02
- Type
- journal article
- Language
- en
- Open access
- green
- hdl.handle.net
- Locations
- IEEE Transactions on Industrial Informatics (publishedVersion)
- NORA - Norwegian Open Research Archives (submittedVersion, other-oa)
- Funders
- National Natural Science Foundation of China (61379115, 61422201, U1501251, U1301255, 61370159)
- Norges Forskningsråd (240079/F20)
- Science and Technology Planning Project of Guangdong Province
- Topics
- Physical Sciences › Computer Science › Information Systems › Blockchain Technology Applications and Security
- Physical Sciences › Engineering › Electrical and Electronic Engineering › Smart Grid Energy Management
- Physical Sciences › Computer Science › Information Systems › Blockchain Technology in Education and Learning
- Keywords
- consortium blockchain, peer-to-peer energy trading, Industrial Internet of Things, energy blockchain, Stackelberg game, pricing strategy, microgrids, vehicle-to-grid, energy harvesting networks, privacy and security
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