Security and Privacy in Decentralized Energy Trading Through Multi-Signatures, Blockchain and Anonymous Messaging Streams

By Nurzhan Zhumabekuly Aitzhan, Davor Svetinovic. IEEE Transactions on Dependable and Secure Computing, 2018

1,106 citations recorded by the source corpus.

Smart grids equipped with bi-directional communication flow are expected to provide more sophisticated consumption monitoring and energy trading. However, the issues related to the security and privacy of consumption and trading data present serious challenges. In this paper we address the problem of providing transaction security in decentralized smart grid energy trading without reliance on trusted third parties. We have implemented a proof-of-concept for decentralized energy trading system using blockchain technology, multi-signatures, and anonymous encrypted messaging streams, enabling peers to anonymously negotiate energy prices and securely perform trading transactions. We conducted case studies to perform security analysis and performance evaluation within the context of the elicited security and privacy requirements.

Subfields: Artificial Intelligence, Control and Systems Engineering, Information Systems

View Paper: https://www.semanticscholar.org/paper/9978f6a9ff6ebbbf6cf134ea9324da6271f3e07d

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Citations in the corpus

Distributed Blockchain-Based Data Protection Framework for Modern Power Systems Against Cyber Attacks (2019, background): “In other words, there is no ‘Merkle tree situation’ [39] in the proposed framework.”
Blockchain and IoT Integration: A Systematic Survey (2018, methodology): “Solutions like PriWatt [60], IBM Adept[64], Huh et al.”
Blockchain for Future Smart Grid: A Comprehensive Survey (2019, methodology): “Inspired and built upon by Bitcoin, Aitzhan and Svetinovic [76] introduced a token-based decentralized system named PriWatt.”
A Survey of Blockchain Technology Applied to Smart Cities: Research Issues and Challenges (2019, background): “Reference [144] focuses on the identity privacy and transaction security in the smart grid energy trading system.”
EduCTX: A Blockchain-Based Higher Education Credit Platform (2017, background): “Smart grids and different smart technologies can employ the technology to optimize their operation [23] and new business opportunities can be developed [22].”
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