Blockchain-Enhanced Fair and Efficient Energy Trading in Industrial Internet of Things

As the technical support of the industrial Internet of Things, blockchain technology has been widely used in energy trading, data transactions, and Internet of Vehicles. However, most of the existing energy trading models only address the transaction security and transaction privacy issues that aris...

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Autores principales:	Jianwen Hu, Yuling Chen, Xiaojun Ren, Yixian Yang, Xiaobin Qian, Xiaomei Yu
Formato:	article
Lenguaje:	EN
Publicado:	Hindawi Limited 2021
Materias:	Telecommunication TK5101-6720
Acceso en línea:	https://doaj.org/article/5f55caa81a5e4f719629c84ae2da5651
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id	oai:doaj.org-article:5f55caa81a5e4f719629c84ae2da5651
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spelling	oai:doaj.org-article:5f55caa81a5e4f719629c84ae2da56512021-11-29T00:57:08ZBlockchain-Enhanced Fair and Efficient Energy Trading in Industrial Internet of Things1875-905X10.1155/2021/7397926https://doaj.org/article/5f55caa81a5e4f719629c84ae2da56512021-01-01T00:00:00Zhttp://dx.doi.org/10.1155/2021/7397926https://doaj.org/toc/1875-905XAs the technical support of the industrial Internet of Things, blockchain technology has been widely used in energy trading, data transactions, and Internet of Vehicles. However, most of the existing energy trading models only address the transaction security and transaction privacy issues that arise in the energy trading process, ignoring the fairness of resource allocation and transaction equity in the trading process. In order to tackle those problems, an energy trading scheme called HO-TRAD is proposed in this paper to improve the efficiency of model trading while ensuring the fairness of energy trading. We propose a new trading strategy in the HO-TRAD energy trading scheme that guarantees fairness in the allocation of trading resources by introducing an entity’s active reputation value. Use smart contracts to achieve transparency and ensure fairness in the transaction process. Based on the identity verification foundation of the consortium chain, the scheme enhances the existing PBFT consensus algorithm and improves the efficiency of model transactions. The experimental simulation indicates that the scheme requires less transaction time and has higher transaction fairness and security.Jianwen HuYuling ChenXiaojun RenYixian YangXiaobin QianXiaomei YuHindawi LimitedarticleTelecommunicationTK5101-6720ENMobile Information Systems, Vol 2021 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Telecommunication TK5101-6720
spellingShingle	Telecommunication TK5101-6720 Jianwen Hu Yuling Chen Xiaojun Ren Yixian Yang Xiaobin Qian Xiaomei Yu Blockchain-Enhanced Fair and Efficient Energy Trading in Industrial Internet of Things
description	As the technical support of the industrial Internet of Things, blockchain technology has been widely used in energy trading, data transactions, and Internet of Vehicles. However, most of the existing energy trading models only address the transaction security and transaction privacy issues that arise in the energy trading process, ignoring the fairness of resource allocation and transaction equity in the trading process. In order to tackle those problems, an energy trading scheme called HO-TRAD is proposed in this paper to improve the efficiency of model trading while ensuring the fairness of energy trading. We propose a new trading strategy in the HO-TRAD energy trading scheme that guarantees fairness in the allocation of trading resources by introducing an entity’s active reputation value. Use smart contracts to achieve transparency and ensure fairness in the transaction process. Based on the identity verification foundation of the consortium chain, the scheme enhances the existing PBFT consensus algorithm and improves the efficiency of model transactions. The experimental simulation indicates that the scheme requires less transaction time and has higher transaction fairness and security.
format	article
author	Jianwen Hu Yuling Chen Xiaojun Ren Yixian Yang Xiaobin Qian Xiaomei Yu
author_facet	Jianwen Hu Yuling Chen Xiaojun Ren Yixian Yang Xiaobin Qian Xiaomei Yu
author_sort	Jianwen Hu
title	Blockchain-Enhanced Fair and Efficient Energy Trading in Industrial Internet of Things
title_short	Blockchain-Enhanced Fair and Efficient Energy Trading in Industrial Internet of Things
title_full	Blockchain-Enhanced Fair and Efficient Energy Trading in Industrial Internet of Things
title_fullStr	Blockchain-Enhanced Fair and Efficient Energy Trading in Industrial Internet of Things
title_full_unstemmed	Blockchain-Enhanced Fair and Efficient Energy Trading in Industrial Internet of Things
title_sort	blockchain-enhanced fair and efficient energy trading in industrial internet of things
publisher	Hindawi Limited
publishDate	2021
url	https://doaj.org/article/5f55caa81a5e4f719629c84ae2da5651
work_keys_str_mv	AT jianwenhu blockchainenhancedfairandefficientenergytradinginindustrialinternetofthings AT yulingchen blockchainenhancedfairandefficientenergytradinginindustrialinternetofthings AT xiaojunren blockchainenhancedfairandefficientenergytradinginindustrialinternetofthings AT yixianyang blockchainenhancedfairandefficientenergytradinginindustrialinternetofthings AT xiaobinqian blockchainenhancedfairandefficientenergytradinginindustrialinternetofthings AT xiaomeiyu blockchainenhancedfairandefficientenergytradinginindustrialinternetofthings
_version_	1718407646302699520

Blockchain-Enhanced Fair and Efficient Energy Trading in Industrial Internet of Things

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