Charging Right Transaction Mechanism among Green Charging Stations based on Blockchain Techniques

Yujie Liu; Mengge Shi; Youwei Jia; Linni Jian

doi:10.1109/ISGTAsia54193.2022.10003496

Charging Right Transaction Mechanism among Green Charging Stations based on Blockchain Techniques

Yujie Liu
, Mengge Shi
, Youwei Jia^*
, Linni Jian

^*Corresponding author for this work

Southern University of Science and Technology

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

1 Scopus citations

Abstract

Industrial parks with intensive charging loads usually allocate charging rights to charging stations in the form of contracts, but this traditional centralized trading mechanism technically can be flawed with low efficiency, low transparency and high credit risk. In order to solve these problems, a multi-green charging station (GCS) charging rights transaction mechanism based on blockchain is proposed in this paper. Firstly, a decentralized platform is established to handle the trust problem between the trading center and the GCS. Secondly, a complete peer-to-peer(P2P) trading process for charging rights assignment to GCS is constructed. In the first round of transactions, the GCS nodes confirm their roles and submit bids according to their own transaction risk factors (TRFs). After two-stage bidding match, the market clearing takes the node credit into account. Finally, a consensus mechanism considering node credit score is established. The simulation results verify the feasibility of the proposed charging rights transaction mechanism.

Original language	English
Title of host publication	Proceedings of the 11th International Conference on Innovative Smart Grid Technologies - Asia, ISGT-Asia 2022
Publisher	Institute of Electrical and Electronics Engineers Inc.
Pages	780-784
Number of pages	5
ISBN (Electronic)	9798350399660
DOIs	https://doi.org/10.1109/ISGTAsia54193.2022.10003496
State	Published - 2022
Externally published	Yes
Event	11th International Conference on Innovative Smart Grid Technologies - Asia, ISGT-Asia 2022 - Singapore, Singapore Duration: 1 Nov 2022 → 5 Nov 2022

Publication series

Name	Proceedings of the 11th International Conference on Innovative Smart Grid Technologies - Asia, ISGT-Asia 2022

Conference

Conference	11th International Conference on Innovative Smart Grid Technologies - Asia, ISGT-Asia 2022
Country/Territory	Singapore
City	Singapore
Period	1/11/22 → 5/11/22

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Keywords

Blockchain
Charging Rights
Consensus Mechanism
Multi-Green Charging Station
Transaction Risk Factors

Access to Document

10.1109/ISGTAsia54193.2022.10003496

Cite this

Liu, Y., Shi, M., Jia, Y., & Jian, L. (2022). Charging Right Transaction Mechanism among Green Charging Stations based on Blockchain Techniques. In Proceedings of the 11th International Conference on Innovative Smart Grid Technologies - Asia, ISGT-Asia 2022 (pp. 780-784). (Proceedings of the 11th International Conference on Innovative Smart Grid Technologies - Asia, ISGT-Asia 2022). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/ISGTAsia54193.2022.10003496

Liu, Yujie ; Shi, Mengge ; Jia, Youwei et al. / Charging Right Transaction Mechanism among Green Charging Stations based on Blockchain Techniques. Proceedings of the 11th International Conference on Innovative Smart Grid Technologies - Asia, ISGT-Asia 2022. Institute of Electrical and Electronics Engineers Inc., 2022. pp. 780-784 (Proceedings of the 11th International Conference on Innovative Smart Grid Technologies - Asia, ISGT-Asia 2022).

@inproceedings{71418b45f9374ee49bf5b38cfc05c30c,

title = "Charging Right Transaction Mechanism among Green Charging Stations based on Blockchain Techniques",

abstract = "Industrial parks with intensive charging loads usually allocate charging rights to charging stations in the form of contracts, but this traditional centralized trading mechanism technically can be flawed with low efficiency, low transparency and high credit risk. In order to solve these problems, a multi-green charging station (GCS) charging rights transaction mechanism based on blockchain is proposed in this paper. Firstly, a decentralized platform is established to handle the trust problem between the trading center and the GCS. Secondly, a complete peer-to-peer(P2P) trading process for charging rights assignment to GCS is constructed. In the first round of transactions, the GCS nodes confirm their roles and submit bids according to their own transaction risk factors (TRFs). After two-stage bidding match, the market clearing takes the node credit into account. Finally, a consensus mechanism considering node credit score is established. The simulation results verify the feasibility of the proposed charging rights transaction mechanism.",

keywords = "Blockchain, Charging Rights, Consensus Mechanism, Multi-Green Charging Station, Transaction Risk Factors",

author = "Yujie Liu and Mengge Shi and Youwei Jia and Linni Jian",

note = "Publisher Copyright: {\textcopyright} 2022 IEEE.; 11th International Conference on Innovative Smart Grid Technologies - Asia, ISGT-Asia 2022 ; Conference date: 01-11-2022 Through 05-11-2022",

year = "2022",

doi = "10.1109/ISGTAsia54193.2022.10003496",

language = "英语",

series = "Proceedings of the 11th International Conference on Innovative Smart Grid Technologies - Asia, ISGT-Asia 2022",

publisher = "Institute of Electrical and Electronics Engineers Inc.",

pages = "780--784",

booktitle = "Proceedings of the 11th International Conference on Innovative Smart Grid Technologies - Asia, ISGT-Asia 2022",

address = "美国",

}

Liu, Y, Shi, M, Jia, Y & Jian, L 2022, Charging Right Transaction Mechanism among Green Charging Stations based on Blockchain Techniques. in Proceedings of the 11th International Conference on Innovative Smart Grid Technologies - Asia, ISGT-Asia 2022. Proceedings of the 11th International Conference on Innovative Smart Grid Technologies - Asia, ISGT-Asia 2022, Institute of Electrical and Electronics Engineers Inc., pp. 780-784, 11th International Conference on Innovative Smart Grid Technologies - Asia, ISGT-Asia 2022, Singapore, Singapore, 1/11/22. https://doi.org/10.1109/ISGTAsia54193.2022.10003496

Charging Right Transaction Mechanism among Green Charging Stations based on Blockchain Techniques. / Liu, Yujie; Shi, Mengge; Jia, Youwei et al.
Proceedings of the 11th International Conference on Innovative Smart Grid Technologies - Asia, ISGT-Asia 2022. Institute of Electrical and Electronics Engineers Inc., 2022. p. 780-784 (Proceedings of the 11th International Conference on Innovative Smart Grid Technologies - Asia, ISGT-Asia 2022).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

T1 - Charging Right Transaction Mechanism among Green Charging Stations based on Blockchain Techniques

AU - Liu, Yujie

AU - Shi, Mengge

AU - Jia, Youwei

AU - Jian, Linni

PY - 2022

Y1 - 2022

N2 - Industrial parks with intensive charging loads usually allocate charging rights to charging stations in the form of contracts, but this traditional centralized trading mechanism technically can be flawed with low efficiency, low transparency and high credit risk. In order to solve these problems, a multi-green charging station (GCS) charging rights transaction mechanism based on blockchain is proposed in this paper. Firstly, a decentralized platform is established to handle the trust problem between the trading center and the GCS. Secondly, a complete peer-to-peer(P2P) trading process for charging rights assignment to GCS is constructed. In the first round of transactions, the GCS nodes confirm their roles and submit bids according to their own transaction risk factors (TRFs). After two-stage bidding match, the market clearing takes the node credit into account. Finally, a consensus mechanism considering node credit score is established. The simulation results verify the feasibility of the proposed charging rights transaction mechanism.

AB - Industrial parks with intensive charging loads usually allocate charging rights to charging stations in the form of contracts, but this traditional centralized trading mechanism technically can be flawed with low efficiency, low transparency and high credit risk. In order to solve these problems, a multi-green charging station (GCS) charging rights transaction mechanism based on blockchain is proposed in this paper. Firstly, a decentralized platform is established to handle the trust problem between the trading center and the GCS. Secondly, a complete peer-to-peer(P2P) trading process for charging rights assignment to GCS is constructed. In the first round of transactions, the GCS nodes confirm their roles and submit bids according to their own transaction risk factors (TRFs). After two-stage bidding match, the market clearing takes the node credit into account. Finally, a consensus mechanism considering node credit score is established. The simulation results verify the feasibility of the proposed charging rights transaction mechanism.

KW - Blockchain

KW - Charging Rights

KW - Consensus Mechanism

KW - Multi-Green Charging Station

KW - Transaction Risk Factors

UR - https://www.scopus.com/pages/publications/85146881223

U2 - 10.1109/ISGTAsia54193.2022.10003496

DO - 10.1109/ISGTAsia54193.2022.10003496

M3 - 会议稿件

AN - SCOPUS:85146881223

T3 - Proceedings of the 11th International Conference on Innovative Smart Grid Technologies - Asia, ISGT-Asia 2022

SP - 780

EP - 784

BT - Proceedings of the 11th International Conference on Innovative Smart Grid Technologies - Asia, ISGT-Asia 2022

PB - Institute of Electrical and Electronics Engineers Inc.

T2 - 11th International Conference on Innovative Smart Grid Technologies - Asia, ISGT-Asia 2022

Y2 - 1 November 2022 through 5 November 2022

ER -

Liu Y, Shi M, Jia Y, Jian L. Charging Right Transaction Mechanism among Green Charging Stations based on Blockchain Techniques. In Proceedings of the 11th International Conference on Innovative Smart Grid Technologies - Asia, ISGT-Asia 2022. Institute of Electrical and Electronics Engineers Inc. 2022. p. 780-784. (Proceedings of the 11th International Conference on Innovative Smart Grid Technologies - Asia, ISGT-Asia 2022). doi: 10.1109/ISGTAsia54193.2022.10003496

Charging Right Transaction Mechanism among Green Charging Stations based on Blockchain Techniques

Abstract

Publication series

Conference

UN SDGs

Keywords

Access to Document

Other files and links

Fingerprint

Cite this