TY - GEN
T1 - Off-chain state channels in the energy domain
AU - Brunner, C.
AU - Madhusudan, A.
AU - Engel, D.
AU - Preneel, B.
N1 - Conference code: 167920
Cited By :4
Export Date: 14 December 2023
Correspondence Address: Brunner, C.; Center for Secure Energy Informatics, Austria; email: [email protected]
Correspondence Address: Engel, D.; Center for Secure Energy Informatics, Austria; email: [email protected]
Funding details: Onderzoeksraad, KU Leuven, C16/15/058
Funding details: Salzburger Landesregierung
Funding text 1: This work was funded by the Federal State of Salzburg, the Research Council K U Leuven C1 on Security and Privacy for Cyber-Physical Syste ms,theInternet of Things(C16/15/058) and by the Fle mish Govern ment through F W O S B O project S NI P P E T S 0 0 7 6 1 9 N.
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Rivera, Ed. Cham, Switzerland: Springer International Publishing ch. 4
PY - 2021
Y1 - 2021
N2 - Blockchain technology has attracted attention in the energy domain as a new decentralized infrastructure, with startups and researchers presenting new solutions to bring the benefits of decentralization to energy-related use cases. However, blockchains, or more specifically, public permissionless blockchains do not scale well. Scalability of blockchain solutions is often left as future work. Off-chain protocols such as payment channels, or in general, state channels are ways to improve the scalability of blockchain-based applications. The benefits of these state-of-the-art state channels in scaling blockchain-based applications in the energy domains have still not been investigated. Thus, we present a methodology to indicate if the various use cases in the energy domain benefit from state channels. Furthermore, we systematically assess these use cases by applying our proposed methodology. We found that state channels improve the scalability of various energy-related use cases, such as energy trading, and help in solving energy optimization problems. © 2021 IEEE.
AB - Blockchain technology has attracted attention in the energy domain as a new decentralized infrastructure, with startups and researchers presenting new solutions to bring the benefits of decentralization to energy-related use cases. However, blockchains, or more specifically, public permissionless blockchains do not scale well. Scalability of blockchain solutions is often left as future work. Off-chain protocols such as payment channels, or in general, state channels are ways to improve the scalability of blockchain-based applications. The benefits of these state-of-the-art state channels in scaling blockchain-based applications in the energy domains have still not been investigated. Thus, we present a methodology to indicate if the various use cases in the energy domain benefit from state channels. Furthermore, we systematically assess these use cases by applying our proposed methodology. We found that state channels improve the scalability of various energy-related use cases, such as energy trading, and help in solving energy optimization problems. © 2021 IEEE.
KW - Blockchain
KW - Smart Grid
KW - State Channels
KW - Electric power transmission networks
KW - Scalability
KW - Energy domain
KW - Energy optimization
KW - Energy trading
KW - New solutions
KW - State of the art
KW - Smart power grids
U2 - 10.1109/ISGT49243.2021.9372246
DO - 10.1109/ISGT49243.2021.9372246
M3 - Conference contribution
SN - 978-1-7281-8898-0
BT - 2021 IEEE Power & Energy Society Innovative Smart Grid Technologies Conference (ISGT)
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 2021 IEEE Power and Energy Society Innovative Smart Grid Technologies Conference, ISGT 2021
Y2 - 16 February 2021 through 18 February 2021
ER -
SDG 7 Affordable and Clean Energy