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Privacy-Preserving Energy Trade Using Double Auction in Blockchain Offline Channels

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Blockchain and Applications, 4th International Congress (BLOCKCHAIN 2022)

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 595))

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Abstract

Blockchain is a promising tool to implement peer-to-peer energy trade algorithms because it lowers the cost of electricity by eliminating 3rd parties such as the utility companies from energy trade and by creating a secure trade platform. However, the state of the art blockchain-based peer to peer energy trade solutions have privacy and scalability problems. In this paper, we proposed a novel method to execute double auction-based peer to peer energy trade in blockchain offline channels to enhance security, privacy and scalability of peer to peer energy trade. We prove that the proposed decentralised double auction is secure, privacy-preserving and more efficient as McAfee’s double auction.

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Acknowledgement

This publication has emanated from research conducted with the financial support of Science Foundation Ireland (SFI) under Grant Number SFI/12/RC/2289, co-funded by the European Regional Development Fund.

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Authors and Affiliations

  1. National University of Ireland, Galway, Ireland

    Subhasis Thakur, John Breslin & Sweta Malik

Authors
  1. Subhasis Thakur
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  2. John Breslin
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  3. Sweta Malik
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Corresponding author

Correspondence to Subhasis Thakur .

Editor information

Editors and Affiliations

  1. Departamento de Informática y Automática, University of Salamanca, Salamanca, Spain

    Javier Prieto

  2. Parque TecnolĂłgico de la Salud (PTS), Granada, Spain

    Francisco Luis BenĂ­tez MartĂ­nez

  3. University of Urbino Carlo Bo, Urbino, Italy

    Stefano Ferretti

  4. Spanish National Research Council (CSIC), Madrid, Spain

    David Arroyo Guardeño

  5. Facultad de Derecho, University of Salamanca, Salamanca, Spain

    Pedro Tomás Nevado-Batalla

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Thakur, S., Breslin, J., Malik, S. (2023). Privacy-Preserving Energy Trade Using Double Auction in Blockchain Offline Channels. In: Prieto, J., Benítez Martínez, F.L., Ferretti, S., Arroyo Guardeño, D., Tomás Nevado-Batalla, P. (eds) Blockchain and Applications, 4th International Congress . BLOCKCHAIN 2022. Lecture Notes in Networks and Systems, vol 595. Springer, Cham. https://doi.org/10.1007/978-3-031-21229-1_27

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