Achieving efficient and Privacy-preserving energy trading based on blockchain and ABE in smart grid

Abstract

With the advent of the Industry 4.0 era, the development of smart cities based on the Internet of Things (IoT) has reached a new level. As a key component of the Internet of Things (IoT), the security of wireless sensor networks (WSN) has received widespread attention. Among them, Energy Internet, as an important part to support the construction of smart cities, its security and reliability research is becoming more and more important. In the Energy Internet, distributed energy transaction model is a promising approach to replace the traditional centralized transaction model and has become the leading direction of development in energy trading. As the underlying support, blockchain technology is attracting more and more attention due to its advantages, i.e., integrity and non-repudiation. However, most blockchain-based trading models face the problem of privacy disclosure. In this paper, to solve this problem, Ciphertext-Policy Attribute-Based Encryption (CP-ABE) is introduced as the core algorithm to reconstruct the transaction model. Specifically, we build a general model for distributed transactions called PP-BCETS (Privacy-preserving Blockchain Energy Trading Scheme). It can achieve fine-grained access control through transaction arbitration in the ciphertext form. This design can maximize the protection of privacy information, and considerably improve the security and reliability of the transaction model. Additionally, a credibility-based equity proof consensus mechanism is proposed in PP-BCETS, which can greatly increase the operation efficiency. The security analysis and experimental evaluations are conducted to prove the validity and practicability of our proposed scheme.