Distributed trusted demand response bidding mechanism empowered by blockchain
In the demand response process involving multi-agent participation, multiple parties’ interests are involved and response execution status supervision is required. Traditional centralized demand response systems lack trust attributes. At the same time, traditional centralized cloud management can no...
Saved in:
| Main Authors: | , , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Tsinghua University Press
2024-09-01
|
| Series: | Intelligent and Converged Networks |
| Subjects: | |
| Online Access: | https://www.sciopen.com/article/10.23919/ICN.2024.0013 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850194688261226496 |
|---|---|
| author | Lei Wang Tong Li Chao Yang Jiang Chen Yang Liu Shuai Ren |
| author_facet | Lei Wang Tong Li Chao Yang Jiang Chen Yang Liu Shuai Ren |
| author_sort | Lei Wang |
| collection | DOAJ |
| description | In the demand response process involving multi-agent participation, multiple parties’ interests are involved and response execution status supervision is required. Traditional centralized demand response systems lack trust attributes. At the same time, traditional centralized cloud management can no longer support massive terminal services, resulting in delays in demand response services. We build a distributed trusted demand response architecture based on blockchain, illustrating the information interaction process in the demand bidding process and container-based edge-side heterogeneous resource management. We also propose a demand bidding algorithm that takes into account both the day-ahead market and the intraday market, aiming to maximize the aggregator’s benefits. In addition, a virtual resource management algorithm to support demand response tasks is also proposed to optimize computing resource allocation and meet business latency requirements. Simulation results demonstrate that compared with only cloud computing or edge computing, the solution we proposed can reduce response delay by more than 39% for the sample system. Energy cost is saved by about 10.25% during container scheduling. |
| format | Article |
| id | doaj-art-3f5259b4620d49f5941e3f0335b6fefc |
| institution | OA Journals |
| issn | 2708-6240 |
| language | English |
| publishDate | 2024-09-01 |
| publisher | Tsinghua University Press |
| record_format | Article |
| series | Intelligent and Converged Networks |
| spelling | doaj-art-3f5259b4620d49f5941e3f0335b6fefc2025-08-20T02:13:56ZengTsinghua University PressIntelligent and Converged Networks2708-62402024-09-015318119110.23919/ICN.2024.0013Distributed trusted demand response bidding mechanism empowered by blockchainLei Wang0Tong Li1Chao Yang2Jiang Chen3Yang Liu4Shuai Ren5State Grid Liaoning Electric Power Co., Ltd., Shenyang 110000, ChinaLiaoning Electric Power Research Institute of State Grid Corporation of China, Shenyang 110000, ChinaState Grid Liaoning Electric Power Co., Ltd., Shenyang 110000, ChinaLiaoning Electric Power Research Institute of State Grid Corporation of China, Shenyang 110000, ChinaLiaoning Electric Power Research Institute of State Grid Corporation of China, Shenyang 110000, ChinaLiaoning Electric Power Research Institute of State Grid Corporation of China, Shenyang 110000, ChinaIn the demand response process involving multi-agent participation, multiple parties’ interests are involved and response execution status supervision is required. Traditional centralized demand response systems lack trust attributes. At the same time, traditional centralized cloud management can no longer support massive terminal services, resulting in delays in demand response services. We build a distributed trusted demand response architecture based on blockchain, illustrating the information interaction process in the demand bidding process and container-based edge-side heterogeneous resource management. We also propose a demand bidding algorithm that takes into account both the day-ahead market and the intraday market, aiming to maximize the aggregator’s benefits. In addition, a virtual resource management algorithm to support demand response tasks is also proposed to optimize computing resource allocation and meet business latency requirements. Simulation results demonstrate that compared with only cloud computing or edge computing, the solution we proposed can reduce response delay by more than 39% for the sample system. Energy cost is saved by about 10.25% during container scheduling.https://www.sciopen.com/article/10.23919/ICN.2024.0013demand responseblockchainedge and cloud computingdemand biddingvirtual resource management |
| spellingShingle | Lei Wang Tong Li Chao Yang Jiang Chen Yang Liu Shuai Ren Distributed trusted demand response bidding mechanism empowered by blockchain Intelligent and Converged Networks demand response blockchain edge and cloud computing demand bidding virtual resource management |
| title | Distributed trusted demand response bidding mechanism empowered by blockchain |
| title_full | Distributed trusted demand response bidding mechanism empowered by blockchain |
| title_fullStr | Distributed trusted demand response bidding mechanism empowered by blockchain |
| title_full_unstemmed | Distributed trusted demand response bidding mechanism empowered by blockchain |
| title_short | Distributed trusted demand response bidding mechanism empowered by blockchain |
| title_sort | distributed trusted demand response bidding mechanism empowered by blockchain |
| topic | demand response blockchain edge and cloud computing demand bidding virtual resource management |
| url | https://www.sciopen.com/article/10.23919/ICN.2024.0013 |
| work_keys_str_mv | AT leiwang distributedtrusteddemandresponsebiddingmechanismempoweredbyblockchain AT tongli distributedtrusteddemandresponsebiddingmechanismempoweredbyblockchain AT chaoyang distributedtrusteddemandresponsebiddingmechanismempoweredbyblockchain AT jiangchen distributedtrusteddemandresponsebiddingmechanismempoweredbyblockchain AT yangliu distributedtrusteddemandresponsebiddingmechanismempoweredbyblockchain AT shuairen distributedtrusteddemandresponsebiddingmechanismempoweredbyblockchain |