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An Intelligent Allocation Mechanism Based on Ethereum Blockchain in Microgrid

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Algorithms and Architectures for Parallel Processing (ICA3PP 2021)

Part of the book series: Lecture Notes in Computer Science ((LNTCS,volume 13155))

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Abstract

The data security and the efficiency of energy scheduling are two main challenges for the practical application of microgrid. The existing researches have disadvantages of a single system component, unreasonable scheduling, and the lack of analysis on the main grid. In light of this, we formalize an efficient microgrid system based on Ethereum blockchain. We first use the blockchain network to upload the IoT data and predict the total load in some region and the energy generation of renewable energy, and then complete the deployment of energy based on the predicted results under the restrictions of relevant resources. In particular, we introduce a credit bidding mechanism that is based on Etheruem smart contracts to optimize energy allocation. It maximizes the proportional-fairness participation of all parties and avoids the waste of energy. In addition, we adopt group signature to preserve the privacy of user data. Simulation results show that the proposed scheme can significantly reduce users’ cost, increase the profit rate, enforce proportional fairness, and improve the operation stability of the main grid.

Supported by the National Natural Science Foundation of China under Grant 61771373.

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Correspondence to Haibin Zhang .

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Zeng, Y., Deng, L., Zhang, H. (2022). An Intelligent Allocation Mechanism Based on Ethereum Blockchain in Microgrid. In: Lai, Y., Wang, T., Jiang, M., Xu, G., Liang, W., Castiglione, A. (eds) Algorithms and Architectures for Parallel Processing. ICA3PP 2021. Lecture Notes in Computer Science(), vol 13155. Springer, Cham. https://doi.org/10.1007/978-3-030-95384-3_45

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  • DOI: https://doi.org/10.1007/978-3-030-95384-3_45

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-95383-6

  • Online ISBN: 978-3-030-95384-3

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