Enhancing Trust in Transactive Energy with Individually Linkable Pseudonymous Trading Using Smart Contracts

Daniel Sousa-Dias, Daniel Amyot (), Ashkan Rahimi-Kian and John Mylopoulos
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Daniel Sousa-Dias: School of Electrical Engineering and Computer Science, University of Ottawa, Ottawa, ON K1N 6N5, Canada
Daniel Amyot: School of Electrical Engineering and Computer Science, University of Ottawa, Ottawa, ON K1N 6N5, Canada
Ashkan Rahimi-Kian: School of Electrical Engineering and Computer Science, University of Ottawa, Ottawa, ON K1N 6N5, Canada
John Mylopoulos: School of Electrical Engineering and Computer Science, University of Ottawa, Ottawa, ON K1N 6N5, Canada

Energies, 2024, vol. 17, issue 14, 1-20

Abstract: The transactive energy market (TEM) is a recent development in energy management that enables prosumers to trade directly, promising many environmental and economic benefits. Prosumer trading necessitates sharing information to facilitate transactions. Additionally, many TEMs propose using blockchains to manage auctions and store transactions. These facts introduce privacy concerns: consumption data, trading history, and other identifying information pose risks to users if leaked. Anonymity by trading under a pseudonym is commonly presented as a solution; however, this creates risks for market participants: scammed users will not have recourse, and users with innocent malfunctions may be banned from trading. We propose the Individually Linkable Pseudonymous Trading Scheme (ILPTS), which enables users to trade under a pseudonym, protecting their identity, while a smart contract monitors reputations and can temporarily deanonymize a user, ensuring market integrity. ILPTS was developed in stages. Examination of existing TEM literature was performed to identify desirable features. Analysis of cryptography literature was performed to identify techniques that may confer certain features. It was found through formal analysis that ILPTS adheres to identified design goals, improves upon existing solutions, and resists common attacks against TEMs. Future work includes software simulation and on-device implementation to further verify security and feasibility.

Keywords: privacy; prosumer; smart contract; smart meter; transactive energy market; trust (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: 2024
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