Blockchains for Transactive Energy Systems: Opportunities, Challenges, and Approaches

Eisele, Scott; Barreto, Carlos; Dubey, Abhishek; Koutsoukos, Xenofon; Eghtesad, Taha; Laszka, Aron; Mavridou, Anastasia

doi:10.1109/mc.2020.3002997

Title: Blockchains for Transactive Energy Systems: Opportunities, Challenges, and Approaches

Journal Article · Mon Sep 07 00:00:00 EDT 2020 · Computer

DOI:https://doi.org/10.1109/mc.2020.3002997· OSTI ID:1768829

^[1];

^[1]; Eghtesad, Taha ^[2];

^[2]; Mavridou, Anastasia ^[3]

Vanderbilt Univ., Nashville, TN (United States)
Univ. of Houston, TX (United States)
KBR/NASA Ames Research Center, Washington, DC (United States)

The emergence of blockchains and smart contracts has renewed interest in electrical cyberphysical systems, especially transactive energy systems. Here, to address the associated challenges, we present TRANSAX, a blockchain-based transactive energy system that provides an efficient, safe, and privacy-preserving market built on smart contracts.

View Accepted Manuscript (DOE)

Cite

Export

Save

Research Organization:: Vanderbilt Univ., Nashville, TN (United States)

Sponsoring Organization:: USDOE Advanced Research Projects Agency - Energy (ARPA-E)

Grant/Contract Number:: AR0000666

OSTI ID:: 1768829

Report Number(s):: DOE-VANDERBILT-0000666-36

Journal Information:: Computer, Vol. 53, Issue 9; ISSN 0018-9162

Publisher:: IEEECopyright Statement

Country of Publication:: United States

Language:: English

References (15)

Resilient Information Architecture Platform for the Smart Grid: A Novel Open-Source Platform for Microgrid Control Tu, Hao; Du, Yuhua; Yu, Hui IEEE Transactions on Industrial Electronics, Vol. 67, Issue 11 https://doi.org/10.1109/TIE.2019.2952803	journal	November 2020
A Survey on Ethereum Systems Security Chen, Huashan; Pendleton, Marcus; Njilla, Laurent ACM Computing Surveys, Vol. 53, Issue 3 https://doi.org/10.1145/3391195	journal	May 2021
Making Smart Contracts Smarter Luu, Loi; Chu, Duc-Hiep; Olickel, Hrishi Proceedings of the 2016 ACM SIGSAC Conference on Computer and Communications Security https://doi.org/10.1145/2976749.2978309	conference	October 2016
Blockchain Technologies for Smart Energy Systems: Fundamentals, Challenges, and Solutions Ul Hassan, Naveed; Yuen, Chau; Niyato, Dusit IEEE Industrial Electronics Magazine, Vol. 13, Issue 4 https://doi.org/10.1109/MIE.2019.2940335	journal	December 2019
SolidWorx: A Resilient and Trustworthy Transactive Platform for Smart and Connected Communities Eisele, Scott; Laszka, Aron; Mavridou, Anastasia 2018 IEEE International Conference on Internet of Things (iThings) and IEEE Green Computing and Communications (GreenCom) and IEEE Cyber, Physical and Social Computing (CPSCom) and IEEE Smart Data (SmartData) https://doi.org/10.1109/Cybermatics_2018.2018.00221	conference	July 2018
Attacks on Electricity Markets Barreto, Carlos; Koutsoukos, Xenofon 2019 57th Annual Allerton Conference on Communication, Control, and Computing (Allerton) https://doi.org/10.1109/ALLERTON.2019.8919711	conference	September 2019
Pacific Northwest GridWise™ Testbed Demonstration Projects; Part I. Olympic Peninsula Project Hammerstrom, Donald J.; Ambrosio, Ron; Carlon, Teresa A. https://doi.org/10.2172/926113 PNNL-17167	report	January 2008
Transactive Energy Techniques: Closing the Gap between Wholesale and Retail Markets Rahimi, Farrokh A.; Ipakchi, Ali The Electricity Journal, Vol. 25, Issue 8 https://doi.org/10.1016/j.tej.2012.09.016	journal	October 2012
Trading solar energy within the neighborhood: field implementation of a blockchain-based electricity market Wörner, Anselma; Meeuw, Arne; Ableitner, Liliane Energy Informatics, Vol. 2, Issue S1 https://doi.org/10.1186/s42162-019-0092-0	journal	September 2019
Multitime-Scale Data-Driven Spatio-Temporal Forecast of Photovoltaic Generation Yang, Chen; Thatte, Anupam A.; Xie, Le IEEE Transactions on Sustainable Energy, Vol. 6, Issue 1 https://doi.org/10.1109/TSTE.2014.2359974	journal	January 2015
Distributed Microgrid Synchronization Strategy Using a Novel Information Architecture Platform Du, Yuhua; Tu, Hao; Lukic, Srdjan 2018 IEEE Energy Conversion Congress and Exposition (ECCE) https://doi.org/10.1109/ECCE.2018.8557695	conference	September 2018
On stability of islanded low-inertia microgrids Dag, Oben; Mirafzal, Behrooz 2016 Clemson University Power Systems Conference (PSC) https://doi.org/10.1109/PSC.2016.7462854	conference	March 2016
The role of smart metering and decentralized electricity storage for smart grids: The importance of positive externalities Römer, Benedikt; Reichhart, Philipp; Kranz, Johann Energy Policy, Vol. 50 https://doi.org/10.1016/j.enpol.2012.07.047	journal	November 2012
Blockchain technology in the energy sector: A systematic review of challenges and opportunities Andoni, Merlinda; Robu, Valentin; Flynn, David Renewable and Sustainable Energy Reviews, Vol. 100 https://doi.org/10.1016/j.rser.2018.10.014	journal	February 2019
TRANSAX: A Blockchain-Based Decentralized Forward-Trading Energy Exchanged for Transactive Microgrids Laszka, Aron; Eisele, Scott; Dubey, Abhishek 2018 IEEE 24th International Conference on Parallel and Distributed Systems (ICPADS) https://doi.org/10.1109/PADSW.2018.8645001	conference	December 2018

Similar Records

The Role of Blockchains in Multi-Stakeholder Transactive Energy Systems

Journal Article · Mon Dec 21 00:00:00 EST 2020 · Frontiers in Blockchain · OSTI ID:1768829

Eisele, Scott; Laszka, Aron; Schmidt, Douglas C.; +1 more

A Demonstration of Blockchain-Based Energy Transactions between Laboratory Test Homes

Conference · Fri Aug 17 00:00:00 EDT 2018 · OSTI ID:1768829

Cutler, Dylan S; Kwasnik, Ted; Balamurugan, Sivasathya Pradha; +3 more

Safe and Private Forward-trading Platform for Transactive Microgrids

Journal Article · Tue Dec 01 00:00:00 EST 2020 · ACM Transactions on Cyber-Physical Systems · OSTI ID:1768829

Eisele, Scott; Eghtesad, Taha; Campanelli, Keegan; +3 more

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
Contracts
Privacy
Smart meters
Logic gates
Transactive energy

Title: Blockchains for Transactive Energy Systems: Opportunities, Challenges, and Approaches

Citation Formats

References (15)

Similar Records

Related Subjects