International Journal of Communications, Network and System Sciences

Volume 15, Issue 7 (July 2022)

ISSN Print: 1913-3715   ISSN Online: 1913-3723

Google-based Impact Factor: 1.39  Citations  

Design of a Peer-to-Peer Energy Trading Platform Using Multilayered Semi-Permissioned Blockchain

HTML  XML Download Download as PDF (Size: 1711KB)  PP. 94-110  
DOI: 10.4236/ijcns.2022.157008    258 Downloads   1,235 Views  Citations

ABSTRACT

A secured and scalable Peer-to-Peer (P2P) energy trading platform can facilitate the integration of renewable energy and thus contribute to building sustainable energy infrastructure. The decentralized architecture of blockchain makes it a befitting candidate to actualize an efficient P2P energy trading market. However, for a sustainable and dynamic blockchain-based P2P energy trading platform, few critical aspects such as security, privacy and scalability need to be addressed with high priority. This paper proposes a blockchain-based solution for energy trading among the consumers which ensures the systems’ security, protects users’ privacy, and improves the overall scalability. More specifically, we develop a multilayered semi-permissioned blockchain-based platform to facilitate energy transactions. The practical byzantine fault tolerant algorithm is employed as the underlying consensus for verification and validation of transactions which ensures the system’s tolerance against internal error and malicious attacks. Additionally, we introduce the idea of quality of transaction (QoT)—a reward system for the participants of the network that eventually helps determine the participant’s eligibility for future transactions. The resiliency of the framework against the transaction malleability attack is demonstrated with two uses cases. Finally, a qualitative analysis is presented to indicate the system’s usefulness in improving the overall security, privacy, and scalability of the network.

Share and Cite:

Zaman, I. , Hasan, M. , He, M. and Giesselmann, M. (2022) Design of a Peer-to-Peer Energy Trading Platform Using Multilayered Semi-Permissioned Blockchain. International Journal of Communications, Network and System Sciences, 15, 94-110. doi: 10.4236/ijcns.2022.157008.

Copyright © 2024 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.