A Blockchain-based Spot Market Transaction Model for Energy Power Supply and Demand Network

Hu, Wei; Li, Huanhao; Hu, Yawei; Yao, Wenhui

doi:10.18280/ejee.210112

“…Blockchain offers a completely open, shared, transparent and decentralized platform. As a typical blockchain technology, Ethereum is a Turing-complete one-stop blockchain development platform, supporting protocol implementation with multiple programming languages [14,15]. Smart contract is the core of the application of the Ethereum platform, which lowers the threshold for developing blockchain applications [16,17].…”

Section: Review Architecturementioning

confidence: 99%

A Ring Signature Trust Model for Project Review Based on Blockchain Smart Contract

Fu

¹

,

Nie

²

,

Liu

³

2021

Teh. vjesn.

2

0

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The traditional offline review model of grid projects has the problems of high cost, high risk and low efficiency, making the project review insecure and inefficient. What is worse, the review data of a grid project are generally stored in a central database, which is vulnerable to attacks and not highly trustable. To solve the problems, this paper proposes a ring signature trust model based on smart contract, an important blockchain technology, for project review. The blockchain technology was introduced to build an online review platform for grid projects, greatly saving human and financial resources. Then, the consensus efficiency was improved with a trust-based node consensus mechanism. Besides, the ring signature was integrated with smart contract to allow review experts to submit their results anonymously, ensuring the fairness and impartiality of grid project review. On this basis, an efficient review system was established for grid projects, and a secure review environment was created, so that the review results will not be tampered with. The case analysis proves that the proposed method can effectively solve the problems of traditional grid project review, making the review system more secure and efficient. The research findings provide decision and theoretical supports for grid project review.

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“…Blockchain offers a completely open, shared, transparent and decentralized platform. As a typical blockchain technology, Ethereum is a Turing-complete one-stop blockchain development platform, supporting protocol implementation with multiple programming languages [14,15]. Smart contract is the core of the application of the Ethereum platform, which lowers the threshold for developing blockchain applications [16,17].…”

Section: Review Architecturementioning

confidence: 99%

Untitled

2021

Teh. vjesn.

0

View full text Add to dashboard Cite

The traditional offline review model of grid projects has the problems of high cost, high risk and low efficiency, making the project review insecure and inefficient. What is worse, the review data of a grid project are generally stored in a central database, which is vulnerable to attacks and not highly trustable. To solve the problems, this paper proposes a ring signature trust model based on smart contract, an important blockchain technology, for project review. The blockchain technology was introduced to build an online review platform for grid projects, greatly saving human and financial resources. Then, the consensus efficiency was improved with a trust-based node consensus mechanism. Besides, the ring signature was integrated with smart contract to allow review experts to submit their results anonymously, ensuring the fairness and impartiality of grid project review. On this basis, an efficient review system was established for grid projects, and a secure review environment was created, so that the review results will not be tampered with. The case analysis proves that the proposed method can effectively solve the problems of traditional grid project review, making the review system more secure and efficient. The research findings provide decision and theoretical supports for grid project review.

show abstract