A Non-Transferable Trade Scheme of Green Power Based on Blockchain

Yang Li, Mengying Jiang, Mei Yu (), Shouzhi Xu, Xiaojun Liu, Shirui Zhang, Jia Zhu, Shurui Peng and Zhongming Gu
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Yang Li: Hubei Key Laboratory of Intelligent Vision Based Monitoring for Hydroelectric Engineering, China Three Gorges University, Yichang 443002, China
Mengying Jiang: Hubei Key Laboratory of Intelligent Vision Based Monitoring for Hydroelectric Engineering, China Three Gorges University, Yichang 443002, China
Mei Yu: Hubei Key Laboratory of Intelligent Vision Based Monitoring for Hydroelectric Engineering, China Three Gorges University, Yichang 443002, China
Shouzhi Xu: Hubei Key Laboratory of Intelligent Vision Based Monitoring for Hydroelectric Engineering, China Three Gorges University, Yichang 443002, China
Xiaojun Liu: Hubei Key Laboratory of Intelligent Vision Based Monitoring for Hydroelectric Engineering, China Three Gorges University, Yichang 443002, China
Shirui Zhang: Hubei Key Laboratory of Intelligent Vision Based Monitoring for Hydroelectric Engineering, China Three Gorges University, Yichang 443002, China
Jia Zhu: Yichang Power Supply Company of State Grid Hubei Electric Power Co., Ltd., Yichang 443000, China
Shurui Peng: Yichang Power Supply Company of State Grid Hubei Electric Power Co., Ltd., Yichang 443000, China
Zhongming Gu: Yichang Power Supply Company of State Grid Hubei Electric Power Co., Ltd., Yichang 443000, China

Energies, 2024, vol. 17, issue 16, 1-17

Abstract: Power consumers can obtain authoritative green environmental value certification through green electricity trading, which plays an important role in improving the production competitiveness of enterprises, especially for international product trade affairs. However, the credibility of green electricity transactions faces serious challenges in the enterprise green authentication affairs, especially the user’s identity authentication, the traceability of green electricity transactions, and the standardization of green electricity transactions. Aiming to solve the certification and traceability problem of tradable green certificates, this paper proposes an integrated green certificate trading protocol, which solves its double-trading problem and helps to improve the credibility of renewable energy use. The main contribution is providing a solution based on the consortium blockchain technology to solve the main challenges mentioned above. The main solved scheme designs a series of protocols, which includes a purchase protocol, payment protocol, and non-transferable protocol. The whole process ensures the credibility, traceability, and non-transferability of green certificate trading. Multiple verification measures are adopted to address security and privacy challenges in green certificate management. Through security analysis, the protocol effectively defends against attacks such as double payments, transaction rollback, and transaction replays while ensuring users’ privacy.

Keywords: blockchain; non-transferability; green certificate; traceability (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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