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A Blockchain-based Electricity Retail Contracts Management System

  • Liu
  • Harbin Institute of Technology Shenzhen
  • Guangdong Power Exchange Company

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

With the development of the electricity market, the number of retail contracts generated by the electricity purchasers is increased rapidly. The traditional contracts management methods have gradually revealed disadvantages such as contracts loss, delayed update, and data tampering. As a result, the ensuing retail contracts disputes have also become more and more frequently. In terms to handle with such issues, we proposed a blockchain-based electricity retail contracts system, which utilizes immutability and traceability of blockchain. Leveraging the immutability and traceability of blockchain, our system can effectively store retail contracts which alleviates the problem of existing contract disputes. Moreover, we combine Inter-Planetary File System (IPFS) with blockchain to solve the storage problem. In addition, the data security of our system is guaranteed through the reasonable use of some means of authentication, digital signatures and access control.

Original languageEnglish
Title of host publication2022 4th Blockchain and Internet of Things Conference, BIOTC 2022
PublisherAssociation for Computing Machinery
Pages46-53
Number of pages8
ISBN (Electronic)9781450396622
DOIs
StatePublished - 8 Jul 2022
Externally publishedYes
Event4th Blockchain and Internet of Things Conference, BIOTC 2022 - Virtual, Online, Japan
Duration: 8 Jul 202210 Jul 2022

Publication series

NameACM International Conference Proceeding Series

Conference

Conference4th Blockchain and Internet of Things Conference, BIOTC 2022
Country/TerritoryJapan
CityVirtual, Online
Period8/07/2210/07/22

Keywords

  • Blockchain
  • Data Security
  • Electricity Market
  • Electricity Retail Contracts on-chaining
  • Retail Contract Disputes

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