A secure distributed ledger for transactive energy: The Electron Volt Exchange (EVE) blockchain

Shammya Saha; Nikhil Ravi; Kári Hreinsson; Jaejong Baek; Anna Scaglione; Nathan G. Johnson

doi:10.1016/j.apenergy.2020.116208

A secure distributed ledger for transactive energy: The Electron Volt Exchange (EVE) blockchain

Shammya Saha, Nikhil Ravi, Kári Hreinsson, Jaejong Baek, Anna Scaglione, Nathan G. Johnson

Research output: Contribution to journal › Article › peer-review

27 Scopus citations

Abstract

The adoption of blockchain for Transactive Energy has gained significant momentum as it allows mutually non-trusting agents to trade energy services in a trustless energy market. Research to date has assumed that the built-in Byzantine Fault Tolerance in recording transactions in a ledger is sufficient to ensure integrity. Such work must be extended to address security gaps including random bilateral transactions that do not guarantee reliable and efficient market operation, and market participants having incentives to cheat when reporting actual production/consumption figures. Work herein introduces the Electron Volt Exchange framework with the following characteristics: (1) a distributed protocol for pricing and scheduling prosumers’ production/consumption while keeping constraints and bids private, and (2) a distributed algorithm to prevent theft that verifies prosumers’ compliance to scheduled transactions using information from grid sensors (such as smart meters) and mitigates the impact of false data injection attacks. Flexibility and robustness of the approach are demonstrated through simulation and implementation using Hyperledger Fabric.

Original language	English (US)
Article number	116208
Journal	Applied Energy
Volume	282
DOIs	https://doi.org/10.1016/j.apenergy.2020.116208
State	Published - Jan 15 2021

Keywords

Blockchain
Cyber-security
Cyber–physical system
Distribution system
Hyperledger fabric
Transactive energy

ASJC Scopus subject areas

Mechanical Engineering
General Energy
Management, Monitoring, Policy and Law
Building and Construction

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10.1016/j.apenergy.2020.116208

Cite this

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title = "A secure distributed ledger for transactive energy: The Electron Volt Exchange (EVE) blockchain",

abstract = "The adoption of blockchain for Transactive Energy has gained significant momentum as it allows mutually non-trusting agents to trade energy services in a trustless energy market. Research to date has assumed that the built-in Byzantine Fault Tolerance in recording transactions in a ledger is sufficient to ensure integrity. Such work must be extended to address security gaps including random bilateral transactions that do not guarantee reliable and efficient market operation, and market participants having incentives to cheat when reporting actual production/consumption figures. Work herein introduces the Electron Volt Exchange framework with the following characteristics: (1) a distributed protocol for pricing and scheduling prosumers{\textquoteright} production/consumption while keeping constraints and bids private, and (2) a distributed algorithm to prevent theft that verifies prosumers{\textquoteright} compliance to scheduled transactions using information from grid sensors (such as smart meters) and mitigates the impact of false data injection attacks. Flexibility and robustness of the approach are demonstrated through simulation and implementation using Hyperledger Fabric.",

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N2 - The adoption of blockchain for Transactive Energy has gained significant momentum as it allows mutually non-trusting agents to trade energy services in a trustless energy market. Research to date has assumed that the built-in Byzantine Fault Tolerance in recording transactions in a ledger is sufficient to ensure integrity. Such work must be extended to address security gaps including random bilateral transactions that do not guarantee reliable and efficient market operation, and market participants having incentives to cheat when reporting actual production/consumption figures. Work herein introduces the Electron Volt Exchange framework with the following characteristics: (1) a distributed protocol for pricing and scheduling prosumers’ production/consumption while keeping constraints and bids private, and (2) a distributed algorithm to prevent theft that verifies prosumers’ compliance to scheduled transactions using information from grid sensors (such as smart meters) and mitigates the impact of false data injection attacks. Flexibility and robustness of the approach are demonstrated through simulation and implementation using Hyperledger Fabric.

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A secure distributed ledger for transactive energy: The Electron Volt Exchange (EVE) blockchain

Abstract

Keywords

ASJC Scopus subject areas

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