Toward Privacy-Preserving Blockchain-Based Electricity Auction for V2G Networks in the Smart Grid

Abstract

With the development of electric vehicle (EV) technology, EV has become a key component in the future smart grid. Due to the sheer large number of EVs on the road, the emerging vehicle-to-grid (V2G) technology, which allows for two-way electrical flows between EVs and the power grid, is gaining traction. However, establishing a fair and private electricity exchange scheme has gradually become a critical challenge. The emergence of blockchain technology offers a novel approach for resolving this issue. In this study, we overview the opportunities and challenges of blockchain in the smart grid. Then, we provide a privacy-preserving blockchain-based electricity auction scheme for V2G networks in smart grid. In particular, we exploit PS group signatures to keep the privacy of EVs or charging stations and leverage blockchain to provide automated auction execution. With our mechanism, the identity of EV/charging station is conditionally protected. In case of an emergency, the trusted authority (i.e., the group manager) can open the identity. Meanwhile, we present the security analysis to prove our scheme’s security. Finally, we implement the experiment to evaluate efficiency. The experimental results show that our proposal is efficient and suitable for V2G networks.