Abstract
Internet of Things (IoT) technologies have attracted enormous attention from academics and industries, and one of the most representative application is the smart grid. Most smart grid system models have to rely on trusted third-parties, but there are no trusted third-parties in practice. Blockchain technologies show a lot of advantages in IoT due to its unique characteristics. In this paper, to enable reliability, efficiency, flexibility and security in smart grid trading, we combine blockchain technologies, proof of stake consensus mechanisms and cryptography tools to build a novel smart grid power trading system. Our security analysis shows that the proposed system can protect users’ data privacy.
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CITATION STYLE
Zheng, D., Deng, K., Zhang, Y., Zhao, J., Zheng, X., & Ma, X. (2018). Smart grid power trading based on consortium blockchain in Internet of Things. In Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics) (Vol. 11336 LNCS, pp. 453–459). Springer Verlag. https://doi.org/10.1007/978-3-030-05057-3_34
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