ET-DeaL: A P2P Smart Contract-based Secure Energy Trading Scheme for Smart Grid Systems

A smart grid (SG) system offers many services to the end-users, such as load management, load forecasting, and energy trading (ET). As data among different devices in SG environment flows through an open channel, i.e., Internet, so, security and privacy always remains a challenging issue. Though many solutions exist for this problem in literature but these solutions are not adequate to handle security, privacy, latency, real-time settlement of ET. Moreover, most of the solutions reported in the literature are based upon the centralized architecture having single point of failure. Motivated from these facts, this paper proposes a scheme ET-DeaL, which is a Smart Contract-based Secure Energy Trading scheme for SG system for peer-to-peer (P2P) ET. ET-DeaL uses Ethereum smart contract (ESC) and Inter Planetary File System (IPFS) for the P2P ET management. Moreover, it manages the energy load of residential houses, industries, and electric vehicles (EVs). In ET-DeaL, security and privacy issues have been resolved using ESC, while storage cost issues are handled with IPFS protocol. We implemented a real time ESC and deploy it in Truffle suite. The security bugs of the ET-DeaL are tested on MyThril open-source tool. Finally, ET-DeaL performance evaluation demonstrates its effectiveness as compared to the traditional systems where it outperforms the existing schemes with respect to various performance evaluation metrics.