A Distributed Energy Trading Authentication Mechanism Based on a Consortium Blockchain

Zheng Che, Yu Wang, Juanjuan Zhao, Yan Qiang, Yue Ma and Jihua Liu
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Zheng Che: School of Information and Computer, Taiyuan University of Technology, Taiyuan 030024, China
Yu Wang: School of Foreign Languages, Taiyuan University of Technology, Taiyuan 030024, China
Juanjuan Zhao: School of Information and Computer, Taiyuan University of Technology, Taiyuan 030024, China
Yan Qiang: School of Information and Computer, Taiyuan University of Technology, Taiyuan 030024, China
Yue Ma: School of Information and Computer, Taiyuan University of Technology, Taiyuan 030024, China
Jihua Liu: College of Computer Science and Technology, Lvliang University, Lvliang 033000, China

Energies, 2019, vol. 12, issue 15, 1-21

Abstract: With the rapid development of the energy internet, the transaction of distributed renewable energy (DRE) is playing an increasingly important role in the energy market. However, in the transaction model of distributed renewable energy combined with public blockchain technology, nodes in the trading network can join or leave the network at any time without any permission, which hinders the regulation of electricity institutions. Corresponding to the transaction principle, a distributed renewable energy transaction authentication mechanism based on consortium blockchain is proposed in this paper. First, certificate authority nodes were set in the transaction network to provide nodes with access authority by controlling the public keys and private keys of trading participants so that they can complete their identity authentication. Next, essential chaincodes in the transaction authentication were designed and deployed on a Hyperledger Fabric blockchain site, and a simulation experiment of a simple DRE transaction was used to elaborate the details on the transaction process. Finally, the proposed model was evaluated according to its performance and proved to be practical and effective.

Keywords: energy internet; distributed; renewable energy; blockchain; transaction authentication; Hyperledger Fabric (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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