Showing items 1 - 2 of 2

Your selections:

Resilience of stablecoin reserve for distributed energy trading

- Islam, Md Ezazul, Chetty, Madhu, Lim, Suryani, Chadhar, Mehmood, Islam, Syed

  • Authors: Islam, Md Ezazul , Chetty, Madhu , Lim, Suryani , Chadhar, Mehmood , Islam, Syed
  • Date: 2022
  • Type: Text , Conference paper
  • Relation: 14th IEEE PES Asia-Pacific Power and Energy Engineering Conference, APPEEC 2022, Melbourne, Australia, 20-23 November 2022, Asia-Pacific Power and Energy Engineering Conference, APPEEC Vol. 2022-November
  • Full Text: false
  • Reviewed:
  • Description: For payment settlement, a blockchain-based Peer-To-Peer (P2P) energy trading requires a stable medium of exchange with little price volatility. Stablecoins, the most suitable medium of exchange, gaining concentration even from central banks. A consortium of central banks recommends complying with capital and liquidity standards for the high-quality liquid asset (HQLA) for the solvency of banks or financial institutions. Stablecoin as HQLA requires the adaption of such standards in P2P energy trading for reserve resilience. We propose a mechanism (NF90) that controls the inflow of stablecoins responding to Liquidity Coverage Ratio (LCR) for reserve resilience. Basel III accord recommends 100% of LCR. We measure the efficiency of NF90 concerning LCR as a metric. We simulate the proposed mechanism in Hyperledger Fabric as a permissioned blockchain platform for decentralisation, data storage, and smart contract. Experiments show that NF90 is the most efficient inflow control mechanism compared to other simulated mechanisms. © 2022 IEEE.

A blockchain-based privacy-preserving mechanism with aggregator as common communication point

- Yahaya, Adamu, Javaid, Nadeem, Khalid, Rabiya, Imran, Muhammad, Guizani, Mohsen

  • Authors: Yahaya, Adamu , Javaid, Nadeem , Khalid, Rabiya , Imran, Muhammad , Guizani, Mohsen
  • Date: 2020
  • Type: Text , Conference paper
  • Relation: 2020 IEEE International Conference on Communications, ICC 2020, Dublin, Ireland, 7 to 11 June, IEEE International Conference on Communications Vol. 2020-June
  • Full Text: false
  • Reviewed:
  • Description: The high penetration of renewable energy resources into the distributed system and their intermittent behavior of the non-dispatchable generation causes issues of demand supply mismatch and serious security and privacy concerned in the system. It is believed that incorporating blockchain will reduce costs, enhance data security, and improve the system efficiency. However, privacy issues are not completely eliminated and can hinder the wide applications of blockchain. In the study, we present a Reputation Based Starvation Free Energy Allocation Policy (Reputation-SFEAP) in a decentralized and distributed blockchain-based energy trading; while keeping Aggregator as Common Communication Point. In addition, Identity-Based encryption (ID-Based encryption) technique is added that improves transactional information privacy. According to the research analysis, it is observed that the proposed system model has optimal and fair energy allocation algorithms, which prevent all the energy users from energy starvation and share the available energy accordingly. Moreover, the incorporated encryption system has greater security-privacy level, which protects passive attacker and disguises attacker from penetration. © 2020 IEEE.
  • 1