TY - GEN
T1 - Secure and Privacy-Preserving Lightweight Blockchain for Energy Trading
AU - Materwala, Huned
AU - Ismail, Leila
N1 - Funding Information:
ACKNOWLEDGMENT This research was funded by the National Water and Energy Center of the United Arab Emirates University (Grant 31R215).
Publisher Copyright:
© 2021 IEEE.
PY - 2021/8
Y1 - 2021/8
N2 - Renewable energy is gaining wide attention to address the issues, such as depleting resources and environmental degradation, linked with the current non-renewable energy. However, storing renewable energy is challenging. Consequently, energy trading is required to transfer the surplus amount of renewable energy from the prosumers to the consumers. The current centralized energy trading system is less secure and involves large transmission losses and high overheads. The decentralization, replication, immutability, and transparency characteristics of blockchain show a promising potential to address the inherent issues of centralized energy trading. However, the existing blockchain-based energy trading suffers from the drawbacks such as limited scalability, high energy loss, and low transaction throughput. In this paper, we propose a secure and privacy-preserving lightweight blockchain for energy trading that reduces the computational and communication overhead compared to the bitcoin network. This is by clustering the prosumers and perform the energy trading through a cluster head. Our experimental results show the potential of our architecture.
AB - Renewable energy is gaining wide attention to address the issues, such as depleting resources and environmental degradation, linked with the current non-renewable energy. However, storing renewable energy is challenging. Consequently, energy trading is required to transfer the surplus amount of renewable energy from the prosumers to the consumers. The current centralized energy trading system is less secure and involves large transmission losses and high overheads. The decentralization, replication, immutability, and transparency characteristics of blockchain show a promising potential to address the inherent issues of centralized energy trading. However, the existing blockchain-based energy trading suffers from the drawbacks such as limited scalability, high energy loss, and low transaction throughput. In this paper, we propose a secure and privacy-preserving lightweight blockchain for energy trading that reduces the computational and communication overhead compared to the bitcoin network. This is by clustering the prosumers and perform the energy trading through a cluster head. Our experimental results show the potential of our architecture.
KW - Blockchain
KW - Energy trading
KW - Peer-to-peer
KW - Performance
KW - Privacy
KW - Scalability
UR - http://www.scopus.com/inward/record.url?scp=85119693727&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85119693727&partnerID=8YFLogxK
U2 - 10.1109/FiCloud49777.2021.00064
DO - 10.1109/FiCloud49777.2021.00064
M3 - Conference contribution
AN - SCOPUS:85119693727
T3 - Proceedings - 2021 International Conference on Future Internet of Things and Cloud, FiCloud 2021
SP - 394
EP - 399
BT - Proceedings - 2021 International Conference on Future Internet of Things and Cloud, FiCloud 2021
A2 - Younas, Muhammad
A2 - Awan, Irfan
A2 - Unal, Perin
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 8th International Conference on Future Internet of Things and Cloud, FiCloud 2021
Y2 - 23 August 2021 through 25 August 2021
ER -
