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A Secure Microgrid Power Transaction Scheme Based on Hyperledger Fabric

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Blockchain Technology and Emerging Technologies (BlockTEA 2022)

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Abstract

As part of the smart grid, distributed power trading based on clean energy generation has attracted a lot of attention and investment in recent years. This paper adopts the Hyperledger Fabric blockchain as the underlying framework, combined with key technologies such as smart contracts, blockchain oracles, bilateral auction mechanisms, and multi-signatures, and proposes a secure microgrid power transaction scheme based on Hyperledger Fabric. Different from the existing schemes, this paper considers the security and integrity issues that may arise in the transaction process. In terms of power trading, this scheme proposes two trading modes that can be carried out simultaneously and don’t affect each other, that is, trading based on predicted power and trading based on reserved power. In terms of transaction protection, the user credit and proof of work algorithm are introduced into the continuous double auction mechanism to solve the possible malicious bidding problem. In addition, the multi-signed address wallet is used to ensure the transaction security of users without a trusted center. Finally, the security and feasibility analysis of the paper proves the effectiveness of the scheme.

This work was supported by the Key Laboratory of Information and Network Security, Ministry of Public Security, the Third Research Institute of the Ministry of Public Security (C19605).

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Authors and Affiliations

  1. College of Information and Electrical Engineering, China Agricultural University, Beijing, China

    Shuihai Zhang, Haoyi Sun & Chunli Lv

  2. The 3rd Research Institute of the Ministry of Public Security, Shanghai, China

    Bei Pei

Authors
  1. Shuihai Zhang
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  2. Haoyi Sun
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  3. Bei Pei
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  4. Chunli Lv
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Corresponding author

Correspondence to Chunli Lv .

Editor information

Editors and Affiliations

  1. Technical University of Denmark, Kongens Lyngby, Denmark

    Weizhi Meng

  2. Hong Kong Polytechnic University, Hong Kong, China

    Wenjuan Li

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© 2023 ICST Institute for Computer Sciences, Social Informatics and Telecommunications Engineering

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Zhang, S., Sun, H., Pei, B., Lv, C. (2023). A Secure Microgrid Power Transaction Scheme Based on Hyperledger Fabric. In: Meng, W., Li, W. (eds) Blockchain Technology and Emerging Technologies. BlockTEA 2022. Lecture Notes of the Institute for Computer Sciences, Social Informatics and Telecommunications Engineering, vol 498. Springer, Cham. https://doi.org/10.1007/978-3-031-31420-9_4

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  • DOI: https://doi.org/10.1007/978-3-031-31420-9_4

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-031-31419-3

  • Online ISBN: 978-3-031-31420-9

  • eBook Packages: Computer ScienceComputer Science (R0)

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