ZGridBC: Zero-Knowledge Proof based Scalable and Private Blockchain Platform for Smart Grid

Abstract

The total number of photovoltaic power producing facilities whose FIT-based ten-year contract expires by 2023 is expected to reach approximately 1.65 million in Japan. If the number of renewable electricity-producing/consuming facilities reached two million, an enormous number of transactions would be invoked beyond blockchain's scalability.We propose mutually cooperative two novel methods to simultaneously solve scalability, data size, and privacy problems in blockchain-based trading platforms for renewable energy environmental value. One is a management scheme of electricity production resources (EPRs) using an extended UTXO token. The other is a data aggregation scheme that aggregates a significant number of smart meter records with evidentiality using zero-knowledge proof (ZKP).