Using Blockchains to Secure Distributed Energy Exchange

Khaled Shuaib, Juhar Ahmed Abdella, Farag Sallabi, Mohammed Abdel-Hafez

Research output: Chapter in Book/Report/Conference proceedingConference contribution

17 Citations (Scopus)

Abstract

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.

Original languageEnglish
Title of host publication2018 5th International Conference on Control, Decision and Information Technologies, CoDIT 2018
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages622-627
Number of pages6
ISBN (Electronic)9781538650653
DOIs
Publication statusPublished - Jun 22 2018
Event5th International Conference on Control, Decision and Information Technologies, CoDIT 2018 - Thessaloniki, Greece
Duration: Apr 10 2018Apr 13 2018

Publication series

Name2018 5th International Conference on Control, Decision and Information Technologies, CoDIT 2018

Other

Other5th International Conference on Control, Decision and Information Technologies, CoDIT 2018
Country/TerritoryGreece
CityThessaloniki
Period4/10/184/13/18

ASJC Scopus subject areas

  • Computer Networks and Communications
  • Decision Sciences (miscellaneous)
  • Control and Optimization
  • Hardware and Architecture
  • Information Systems
  • Control and Systems Engineering

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