TY - GEN
T1 - Using Blockchains to Secure Distributed Energy Exchange
AU - Shuaib, Khaled
AU - Abdella, Juhar Ahmed
AU - Sallabi, Farag
AU - Abdel-Hafez, Mohammed
N1 - Publisher Copyright:
© 2018 IEEE.
PY - 2018/6/22
Y1 - 2018/6/22
N2 - Due to the expansion of small scale distributed energy resources such as solar rooftop and PEVs, decentralized energy trading is expected to be one of the most important components of next generation power systems. Decentralized peer-To-peer energy exchange systems are believed to be a promising solution not only to solve the scalability and mobility problems in the existing system but also to create a competitive market that can benefit small scale prosumers and consumers. However, such systems need to be equipped with the necessary security, privacy and payment transaction mechanisms to be efficient and trusted. In this paper, we propose a decentralized energy exchange system based on Blockchains. Blockchains is a technology that supports secure transactions between participating entities in a decentralized peer-To-peer network. The proposed system allows for energy exchange between prosumers using a form of smart electronic contracts which are based on Blockchains.
AB - Due to the expansion of small scale distributed energy resources such as solar rooftop and PEVs, decentralized energy trading is expected to be one of the most important components of next generation power systems. Decentralized peer-To-peer energy exchange systems are believed to be a promising solution not only to solve the scalability and mobility problems in the existing system but also to create a competitive market that can benefit small scale prosumers and consumers. However, such systems need to be equipped with the necessary security, privacy and payment transaction mechanisms to be efficient and trusted. In this paper, we propose a decentralized energy exchange system based on Blockchains. Blockchains is a technology that supports secure transactions between participating entities in a decentralized peer-To-peer network. The proposed system allows for energy exchange between prosumers using a form of smart electronic contracts which are based on Blockchains.
UR - http://www.scopus.com/inward/record.url?scp=85050176019&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85050176019&partnerID=8YFLogxK
U2 - 10.1109/CoDIT.2018.8394815
DO - 10.1109/CoDIT.2018.8394815
M3 - Conference contribution
AN - SCOPUS:85050176019
T3 - 2018 5th International Conference on Control, Decision and Information Technologies, CoDIT 2018
SP - 622
EP - 627
BT - 2018 5th International Conference on Control, Decision and Information Technologies, CoDIT 2018
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 5th International Conference on Control, Decision and Information Technologies, CoDIT 2018
Y2 - 10 April 2018 through 13 April 2018
ER -