Blockchain-based Energy Transaction Model for Electric Vehicles in V2G Network

Abstract

Electric vehicles (EVs) have been gaining remarkable popularity throughout the world over the past few decades as they produce lower emissions by the efficient utilization of renewable energy and pollute less than conventional vehicles. They have emerged as a promising solution of climate change and energy crisis issues. It is an urgent need to develop a secure and reliable energy transaction model for electric vehicles in vehicle-to-grid (V2G) network. In order to solve the problem of energy shortage during peak hours and keep the balance of electricity supply, in this paper, we propose a blockchain-based energy transaction model for EVs in V2G network, which enables peer-to-peer energy transactions between EVs and power grid without need of trusted third party.