Roman-Valentyn Tkachuk, Dragos Ilie, Remi Robert, Victor Kebande, Kurt Tutschku
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The defined marketplace utilizes private permissioned Ethereum-based blockchain client Hyperledger Besu (HB) and its smart contracts to automate the P2P trade settlement process. Also, to make the marketplace compliant with energy trade regulations, it includes the regulator actor, which manages the issue and consumption of guarantees of origin and certifies the renewable energy sources used to generate traded electricity. Finally, the proposed marketplace incorporates privacy-preserving features, allowing it to generate private transactions and store them within a designated group of actors. Performance evaluation results of HB-based marketplace with three main consensus mechanisms for private networks, i.e., Clique, IBFT 2.0, and QBFT, demonstrate a lower throughput than another popular private permissioned blockchain platform Hyperledger Fabric (HF). However, the lower throughput is a side effect of the Byzantine Fault Tolerant characteristics of HB’s consensus mechanisms, i.e., IBFT 2.0 and QBFT, which provide increased security compared to HF’s Crash Fault Tolerant consensus RAFT.</p></div>","PeriodicalId":50761,"journal":{"name":"Annals of Telecommunications","volume":null,"pages":null},"PeriodicalIF":1.8000,"publicationDate":"2023-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://link.springer.com/content/pdf/10.1007/s12243-023-00973-8.pdf","citationCount":"0","resultStr":"{\"title\":\"On the performance and scalability of consensus mechanisms in privacy-enabled decentralized renewable energy marketplace\",\"authors\":\"Roman-Valentyn Tkachuk, Dragos Ilie, Remi Robert, Victor Kebande, Kurt Tutschku\",\"doi\":\"10.1007/s12243-023-00973-8\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>Renewable energy sources were introduced as an alternative to fossil fuel sources to make electricity generation cleaner. 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Also, to make the marketplace compliant with energy trade regulations, it includes the regulator actor, which manages the issue and consumption of guarantees of origin and certifies the renewable energy sources used to generate traded electricity. Finally, the proposed marketplace incorporates privacy-preserving features, allowing it to generate private transactions and store them within a designated group of actors. Performance evaluation results of HB-based marketplace with three main consensus mechanisms for private networks, i.e., Clique, IBFT 2.0, and QBFT, demonstrate a lower throughput than another popular private permissioned blockchain platform Hyperledger Fabric (HF). 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On the performance and scalability of consensus mechanisms in privacy-enabled decentralized renewable energy marketplace
Renewable energy sources were introduced as an alternative to fossil fuel sources to make electricity generation cleaner. However, today’s renewable energy markets face a number of limitations, such as inflexible pricing models and inaccurate consumption information. These limitations can be addressed with a decentralized marketplace architecture. Such architecture requires a mechanism to guarantee that all marketplace operations are executed according to predefined rules and regulations. One of the ways to establish such a mechanism is blockchain technology. This work defines a decentralized blockchain-based peer-to-peer (P2P) energy marketplace which addresses actors’ privacy and the performance of consensus mechanisms. The defined marketplace utilizes private permissioned Ethereum-based blockchain client Hyperledger Besu (HB) and its smart contracts to automate the P2P trade settlement process. Also, to make the marketplace compliant with energy trade regulations, it includes the regulator actor, which manages the issue and consumption of guarantees of origin and certifies the renewable energy sources used to generate traded electricity. Finally, the proposed marketplace incorporates privacy-preserving features, allowing it to generate private transactions and store them within a designated group of actors. Performance evaluation results of HB-based marketplace with three main consensus mechanisms for private networks, i.e., Clique, IBFT 2.0, and QBFT, demonstrate a lower throughput than another popular private permissioned blockchain platform Hyperledger Fabric (HF). However, the lower throughput is a side effect of the Byzantine Fault Tolerant characteristics of HB’s consensus mechanisms, i.e., IBFT 2.0 and QBFT, which provide increased security compared to HF’s Crash Fault Tolerant consensus RAFT.
期刊介绍:
Annals of Telecommunications is an international journal publishing original peer-reviewed papers in the field of telecommunications. It covers all the essential branches of modern telecommunications, ranging from digital communications to communication networks and the internet, to software, protocols and services, uses and economics. This large spectrum of topics accounts for the rapid convergence through telecommunications of the underlying technologies in computers, communications, content management towards the emergence of the information and knowledge society. As a consequence, the Journal provides a medium for exchanging research results and technological achievements accomplished by the European and international scientific community from academia and industry.