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Performance Evaluation and Cyberattack Mitigation in a Blockchain-Enabled Peer-to-Peer Energy Trading Framework.

Nihar Ranjan Pradhan¹, Akhilendra Pratap Singh², S V Sudha¹

¹School of Computer Science and Engineering, VIT-AP University, Amaravati 522237, India.

Sensors (Basel, Switzerland)

|January 21, 2023

Summary

This summary is machine-generated.

This study introduces a novel permissioned Corda framework for peer-to-peer (P2P) energy trading, enhancing cybersecurity and transaction efficiency. The new system mitigates cyberattacks and optimizes transaction propagation for fair energy distribution.

Keywords:

blockchain cyberattack mitigation distributed ledger technology (DLT)peer-to-peer energy trading

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Area of Science:

Computer Science
Electrical Engineering
Energy Systems

Background:

The shift to smart grids and deregulated energy markets increases vulnerability to cyberattacks.
Internet of Things (IoT) and peer-to-peer (P2P) energy trading are growing, necessitating robust security.
Existing blockchain solutions face performance and scalability challenges in energy trading.

Purpose of the Study:

To design a novel permissioned Corda framework for P2P energy trading.
To enhance cybersecurity against new attack vectors like delay trading.
To optimize transaction dissemination for improved performance and fair distribution.

Main Methods:

Implementation of a permissioned R3 Corda blockchain framework.
Utilizing Advanced Message Queuing Protocol (AMQP) and Transport Layer Security (TLS) for transaction sharing.
Performance analysis using optimized CPU and JVM heap memory scenarios on a realistic multi-hosted testbed.

Main Results:

The framework mitigates delay trading (or discard) cyberattacks.
Optimized transaction propagation time was achieved, leading to fair transaction distribution.
Measured average latencies of 22 ms (sending) and 51 ms (receiving).

Conclusions:

The proposed Corda framework offers a resilient and efficient solution for P2P energy trading.
It addresses key cybersecurity and performance bottlenecks in current blockchain-based energy systems.
The framework supports various transaction flows, ensuring secure and fair energy asset exchange.