Blockchain-Based Homomorphic Transaction Framework for Enhanced Consumer Security and Business Scalability

Energy trading in distributed microgrids represents an effective means of enhancing the utilization of renewable energy. However, the aggregation of large-scale consumption data may encounter business scalability issues and potential privacy exposure concerns, necessitating the development of novel secure and scalable frameworks for integrating consumption demands between prosumer and microgrid entities. we research focuses on providing a user-friendly transaction model for consumers and microgrid operators. Firstly, a privacy aggregation scheme for user resource requests is designed to ensure the security and decentralization of user data. In addition, the model employs a bidirectional heterogeneous resource allocation mechanism to support the optimal allocation of multiple resources, such as renewable energy, power assets, energy storage devices, and carbon credits, among different microgrids. Finally, a microgrid transaction prototype has been constructed on the Truffle development framework. In this context, smart contracts has been designed to ensure that the transactions are carried out automatically. Experimental results indicate that the scheme provides enhanced security for multi-resource trading in a cluster context relative to existing methodologies. The number of transactions increases linearly with the resource overhead, resulting in more efficient utilization of energy trading. Furthermore, the framework’s scalability has been demonstrated through both temporal and spatial considerations.