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Sustainability
Volume 13
Issue 4
10.3390/su13041634
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Article

Design of a Secure Energy Trading Model Based on a Blockchain

by
Hoon Ko
† and
Isabel Praça
*,†
Instituto Superior de Engenharia do Porto (ISEP)/Polytechnic of Porto (IPP), R. Dr. Antonio Bernardino de Almeida, 431, 4249-015 Porto, Portugal
*
Author to whom correspondence should be addressed.
†
These authors contributed equally to this work.
Sustainability 2021, 13(4), 1634; https://doi.org/10.3390/su13041634
Submission received: 2 December 2020 / Revised: 17 January 2021 / Accepted: 2 February 2021 / Published: 3 February 2021
(This article belongs to the Special Issue Human-Centric Urban Services)
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Abstract

This study proposes a Secure Energy Trading Model design based on a Blockchain is an attempt to overcome the weak security and instability of the current energy trading system. The focal point of the design lies in the user-security features of the model, such as user authentication and identification, and the blockchain that every transaction goes through. The user-security feature provides a safer system for peer-to-peer energy trade, and the blockchain technology ensures the reliability of the trading system. Furthermore, the Secure Energy Trading Model supports a decentralized data control mechanism as a future measure for handling vast amounts of data created by IoT.
Keywords: blockchain; peer-to-peer energy trade system; energy consumer; transaction blockchain; peer-to-peer energy trade system; energy consumer; transaction

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MDPI and ACS Style

Ko, H.; Praça, I. Design of a Secure Energy Trading Model Based on a Blockchain. Sustainability 2021, 13, 1634. https://doi.org/10.3390/su13041634

AMA Style

Ko H, Praça I. Design of a Secure Energy Trading Model Based on a Blockchain. Sustainability. 2021; 13(4):1634. https://doi.org/10.3390/su13041634

Chicago/Turabian Style

Ko, Hoon, and Isabel Praça. 2021. "Design of a Secure Energy Trading Model Based on a Blockchain" Sustainability 13, no. 4: 1634. https://doi.org/10.3390/su13041634

APA Style

Ko, H., & Praça, I. (2021). Design of a Secure Energy Trading Model Based on a Blockchain. Sustainability, 13(4), 1634. https://doi.org/10.3390/su13041634

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