Secure and Privacy-Preserving Lightweight Blockchain for Energy Trading

Huned Materwala; Leila Ismail

doi:10.1109/FiCloud49777.2021.00064

Secure and Privacy-Preserving Lightweight Blockchain for Energy Trading

Huned Materwala
, Leila Ismail

Department of Computer Science and Software Engineering

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

2 Citations (Scopus)

Abstract

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.

Original language	English
Title of host publication	Proceedings - 2021 International Conference on Future Internet of Things and Cloud, FiCloud 2021
Editors	Muhammad Younas, Irfan Awan, Perin Unal
Publisher	Institute of Electrical and Electronics Engineers Inc.
Pages	394-399
Number of pages	6
ISBN (Electronic)	9781665425742
DOIs	https://doi.org/10.1109/FiCloud49777.2021.00064
Publication status	Published - Aug 2021
Event	8th International Conference on Future Internet of Things and Cloud, FiCloud 2021 - Virtual, Online, Italy Duration: Aug 23 2021 → Aug 25 2021

Publication series

Name	Proceedings - 2021 International Conference on Future Internet of Things and Cloud, FiCloud 2021

Conference

Conference	8th International Conference on Future Internet of Things and Cloud, FiCloud 2021
Country/Territory	Italy
City	Virtual, Online
Period	8/23/21 → 8/25/21

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Keywords

Blockchain
Energy trading
Peer-to-peer
Performance
Privacy
Scalability

ASJC Scopus subject areas

Artificial Intelligence
Computer Networks and Communications
Hardware and Architecture
Software
Information Systems and Management
Safety, Risk, Reliability and Quality

Access to Document

10.1109/FiCloud49777.2021.00064

Cite this

Materwala, H., & Ismail, L. (2021). Secure and Privacy-Preserving Lightweight Blockchain for Energy Trading. In M. Younas, I. Awan, & P. Unal (Eds.), Proceedings - 2021 International Conference on Future Internet of Things and Cloud, FiCloud 2021 (pp. 394-399). (Proceedings - 2021 International Conference on Future Internet of Things and Cloud, FiCloud 2021). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/FiCloud49777.2021.00064

Secure and Privacy-Preserving Lightweight Blockchain for Energy Trading. / Materwala, Huned; Ismail, Leila.
Proceedings - 2021 International Conference on Future Internet of Things and Cloud, FiCloud 2021. ed. / Muhammad Younas; Irfan Awan; Perin Unal. Institute of Electrical and Electronics Engineers Inc., 2021. p. 394-399 (Proceedings - 2021 International Conference on Future Internet of Things and Cloud, FiCloud 2021).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Materwala, H & Ismail, L 2021, Secure and Privacy-Preserving Lightweight Blockchain for Energy Trading. in M Younas, I Awan & P Unal (eds), Proceedings - 2021 International Conference on Future Internet of Things and Cloud, FiCloud 2021. Proceedings - 2021 International Conference on Future Internet of Things and Cloud, FiCloud 2021, Institute of Electrical and Electronics Engineers Inc., pp. 394-399, 8th International Conference on Future Internet of Things and Cloud, FiCloud 2021, Virtual, Online, Italy, 8/23/21. https://doi.org/10.1109/FiCloud49777.2021.00064

Materwala H, Ismail L. Secure and Privacy-Preserving Lightweight Blockchain for Energy Trading. In Younas M, Awan I, Unal P, editors, Proceedings - 2021 International Conference on Future Internet of Things and Cloud, FiCloud 2021. Institute of Electrical and Electronics Engineers Inc. 2021. p. 394-399. (Proceedings - 2021 International Conference on Future Internet of Things and Cloud, FiCloud 2021). doi: 10.1109/FiCloud49777.2021.00064

Materwala, Huned ; Ismail, Leila. / Secure and Privacy-Preserving Lightweight Blockchain for Energy Trading. Proceedings - 2021 International Conference on Future Internet of Things and Cloud, FiCloud 2021. editor / Muhammad Younas ; Irfan Awan ; Perin Unal. Institute of Electrical and Electronics Engineers Inc., 2021. pp. 394-399 (Proceedings - 2021 International Conference on Future Internet of Things and Cloud, FiCloud 2021).

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abstract = "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.",

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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.

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ER -

Secure and Privacy-Preserving Lightweight Blockchain for Energy Trading

Abstract

Publication series

Conference

UN SDGs

Keywords

ASJC Scopus subject areas

Access to Document

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