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arXiv · 2306.08074

RETINA: Distributed and Secure Trust Management for Smart Grid Applications and Energy Trading

Vaios Boulgourasa·Thodoris Ioannidis·Ilias Politis·Christos Xenakis
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Abstract

The rapid adoption of smart grids demands robust security and efficiency measures due to their critical role in delivering electricity and their potential for customer-oriented benefits. This paper presents an innovative framework, named RETINA, which provides a resilient and secure energy trading mechanism within smart grid systems. RETINA tackles the inherent security and infrastructure challenges in smart grids by establishing a trust-based security layer and facilitating energy transactions through blockchain technology. Our proposed solution integrates Public Key Infrastructure (PKI) and the Web of Trust (WoT) concepts, promoting decentralized communication channels and robust key management. We further introduce a smart contract-based energy trading mechanism that factors in trust, distance, and energy type (green or non-green) in cost calculation. The utility and robustness of RETINA have been validated in a virtualized testbed environment with 500 nodes, demonstrating superior performance in terms of scalability and resilience compared to the existing WoT scheme. Furthermore, RETINA successfully enables a secure and efficient energy trading scheme, promoting the use of renewable energy sources. Future enhancements will include application to a realistic smart grid deployment and the integration of additional functionalities. This groundbreaking solution has the potential to revolutionize the smart grid ecosystem, addressing its current limitations and propelling the industry towards a future of advanced and secure energy exchange.

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Vaios Boulgourasa, Thodoris Ioannidis, Ilias Politis, Christos Xenakis. 2023-06-13. RETINA: Distributed and Secure Trust Management for Smart Grid Applications and Energy Trading. https://doi.org/10.1016/j.segan.2024.101274

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