Education, Science, Technology, Innovation and Life
Open Access
Sign In

A blockchain-based electric vehicle energy trading scheme for electric vehicles

Download as PDF

DOI: 10.23977/infse.2023.040210 | Downloads: 30 | Views: 470

Author(s)

Shaomin Zhang 1, Yonggan Chen 1, Baoyi Wang 1

Affiliation(s)

1 School of Control and Computer Engineering, North China Electric Power University, Baoding, Hebei, 071003, China

Corresponding Author

Shaomin Zhang

ABSTRACT

The issue of charging has become increasingly prominent with the growing number of electric vehicles (EVs), posing a challenge to the popularization and development of EVs. To enable EVs to charge when charging stations are not available, and to alleviate the transmission pressure on the power grid during peak periods, an alliance-based The peer-to-peer (P2P) energy trading scheme of the block chain is proposed for the energy trading between electric vehicles. In our scheme, the social welfare maximization problem (SWM) is used for modeling, and obtain a nonlinear optimization model. We use mathematical modeling to establish a system of equations about SWM, and then seek the optimal solution to this problem, which is the energy distribution scheme we determine, and then use an iterative double auction mechanism to set prices for energy trading.

KEYWORDS

V2V, energy trading, blockchain, double auction

CITE THIS PAPER

Shaomin Zhang, Yonggan Chen, Baoyi Wang, A blockchain-based electric vehicle energy trading scheme for electric vehicles. Information Systems and Economics (2023) Vol. 4: 69-74. DOI: http://dx.doi.org/10.23977/infse.2023.040210.

REFERENCES

[1] A. Faiz, C. S. Weaver, and M. P. Walsh, Air Pollution from Motor Vehicles: Standards and Technologies for Controlling Emissions. The World Bank, 1996.
[2] Baza M, Sherif A, Mahmoud M M E A, et al. Privacy-preserving blockchain-based energy trading schemes for electric vehicles[J]. IEEE Transactions on Vehicular Technology, 2021, 70(9): 9369-9384.
[3] A. Dorri, M. Steger, S. Kanhere, et al. Blockchain: A distributed solution to automotive security and privacy.  IEEE Communications Magazine, 2017, 55(12): 119-125.
[4] Liu H, Zhang Y, Zheng S, et al. Electric vehicle power trading mechanism based on blockchain and smart contract in V2G network [J]. IEEE Access, 2019, 7: 160546-160558. 
[5] Shurrab M, Singh S, Otrok H, et al. An efficient vehicle-to-vehicle (V2V) energy sharing framework [J]. IEEE Internet of Things Journal, 2021, 9(7): 5315-5328.
[6] S. Xia, F. Lin, Z. Chen, et al. A Bayesian Game Based Vehicle-to-Vehicle Electricity Trading Scheme for Blockchain-Enabled Internet of Vehicles. IEEE transactions on vehicular technology, 2020, 69(7): 6856-6868.
[7] McAfee R P. A dominant strategy double auction [J]. Journal of economic Theory, 1992, 56(2): 434-450.
[8] Hassija V, Chamola V, Garg S, et al. A blockchain-based framework for lightweight data sharing and energy trading in V2G network [J]. IEEE Transactions on Vehicular Technology, 2020, 69(6): 5799-5812.
[9] Jiang Y, Zhou K, Lu X, et al. Electricity trading pricing among prosumers with game theory-based model in energy blockchain environment[J]. Applied Energy, 2020, 271: 115239.
[10] Z. Su, Y. Wang, Q. Xu, et al. A Secure Charging Scheme for Electric V ehicles with Smart Communities in Energy Blockchain. IEEE Internet of Things Journal, 2019, 6(3): 4601-4613.

Downloads: 7845
Visits: 151422

All published work is licensed under a Creative Commons Attribution 4.0 International License.

Copyright © 2016 - 2031 Clausius Scientific Press Inc. All Rights Reserved.