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A Secure and Decentralized Blockchain Based EV Energy Trading Model Using Smart Contract in V2G Network

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submitted on 2023-08-29, 07:33 and posted on 2023-09-24, 11:01 authored by Atif Iqbal, Arun Sekar Rajasekaran, Gadilli Sai Nikhil, Maria Azees

In this work, a secure and decentralized Blockchain based energy trading model for electric vehicles (EVs) using Smart contract that achieves Peer-to-Peer (P2P) transactions between EVs in Vehicle to Grid networks is designed. The traditional energy trading model is a centralized structure based on trusted third parties, and there may an issue of single-point failure and leakage of privacy. In this way, a blockchain-based framework offers a secure, efficient and transparent trading model. Initially, the participating EVs and aggregator in the trading process should register at the trusted authority. Once the registration is successfully completed, both EVs and aggregator authenticate each other mutually in an anonymous manner. Moreover, only authorized EVs (charging and discharging EVs) participate in the contrary auction mechanism to exchange power/money based on their demand. Simulation conducted for the proposed scheme shows that our scheme has high speed (i.e., less computational time and execution time) which improves the market efficiency. In-addition, the transactions are non tamperable, when compared to the conventional scheme.

Other Information

Published in: IEEE Access
License: https://creativecommons.org/licenses/by/4.0/
See article on publisher's website: https://dx.doi.org/10.1109/access.2021.3081506

Funding

Open Access funding provided by the Qatar National Library.

History

Language

  • English

Publisher

IEEE

Publication Year

  • 2021

License statement

This Item is licensed under the Creative Commons Attribution 4.0 International License.

Institution affiliated with

  • Qatar University
  • College of Engineering - QU