A Cross-Chain Transaction Model for Power Blockchain Based on Hash-Locking Mechanism

Jinzhong Li; Xiangjun Duan; Wangjie Qiu; Panan Cao; Zhen Wang; Yunshuo Li

doi:10.1109/EPEE59859.2023.10351842

A Cross-Chain Transaction Model for Power Blockchain Based on Hash-Locking Mechanism

Jinzhong Li
, Xiangjun Duan
, Wangjie Qiu
, Panan Cao^*
, Zhen Wang
, Yunshuo Li

^*Corresponding author for this work

School of Artificial Intelligence(Institute of Artificial Intelligence)

State Grid Corporation of China
Beihang University

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

4 Scopus citations

Abstract

Blockchain is a closed island in the traditional power transaction platform and cannot freely trade with others, which limits the flexibility and autonomy of the distributed power trading market. Aiming at the problems of network isolation and interoperability among different power blockchains, we proposed a general and compatible power cross-chain trading protocol based on hash time locking technology, where the transaction power and price are locked by hash time to realize cross-chain exchanges of different assets. A flexible and specialized smart contract framework is designed, which can be easily adapted and extended according to specific needs, promoting the flexibility and freedom of the distributed power market. And the experimental shows that the transaction processing capability is significantly better than that of the relays technology when dealing with multiple concurrency problems.

Original language	English
Title of host publication	2023 3rd International Conference on Energy, Power and Electrical Engineering, EPEE 2023
Publisher	Institute of Electrical and Electronics Engineers Inc.
Pages	1273-1278
Number of pages	6
ISBN (Electronic)	9798350318180
DOIs	https://doi.org/10.1109/EPEE59859.2023.10351842
State	Published - 2023
Event	3rd International Conference on Energy, Power and Electrical Engineering, EPEE 2023 - Hybrid, Wuhan, China Duration: 15 Sep 2023 → 17 Sep 2023

Publication series

Name	2023 3rd International Conference on Energy, Power and Electrical Engineering, EPEE 2023

Conference

Conference	3rd International Conference on Energy, Power and Electrical Engineering, EPEE 2023
Country/Territory	China
City	Hybrid, Wuhan
Period	15/09/23 → 17/09/23

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Keywords

cross-chain
distributed power trading
hash-locking
smart contracts

Access to Document

10.1109/EPEE59859.2023.10351842

Cite this

Li, J., Duan, X., Qiu, W., Cao, P., Wang, Z., & Li, Y. (2023). A Cross-Chain Transaction Model for Power Blockchain Based on Hash-Locking Mechanism. In 2023 3rd International Conference on Energy, Power and Electrical Engineering, EPEE 2023 (pp. 1273-1278). (2023 3rd International Conference on Energy, Power and Electrical Engineering, EPEE 2023). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/EPEE59859.2023.10351842

Li, Jinzhong ; Duan, Xiangjun ; Qiu, Wangjie et al. / A Cross-Chain Transaction Model for Power Blockchain Based on Hash-Locking Mechanism. 2023 3rd International Conference on Energy, Power and Electrical Engineering, EPEE 2023. Institute of Electrical and Electronics Engineers Inc., 2023. pp. 1273-1278 (2023 3rd International Conference on Energy, Power and Electrical Engineering, EPEE 2023).

@inproceedings{83d8a86ee2124b8c8a3ee59def91f1fa,

title = "A Cross-Chain Transaction Model for Power Blockchain Based on Hash-Locking Mechanism",

abstract = "Blockchain is a closed island in the traditional power transaction platform and cannot freely trade with others, which limits the flexibility and autonomy of the distributed power trading market. Aiming at the problems of network isolation and interoperability among different power blockchains, we proposed a general and compatible power cross-chain trading protocol based on hash time locking technology, where the transaction power and price are locked by hash time to realize cross-chain exchanges of different assets. A flexible and specialized smart contract framework is designed, which can be easily adapted and extended according to specific needs, promoting the flexibility and freedom of the distributed power market. And the experimental shows that the transaction processing capability is significantly better than that of the relays technology when dealing with multiple concurrency problems.",

keywords = "cross-chain, distributed power trading, hash-locking, smart contracts",

author = "Jinzhong Li and Xiangjun Duan and Wangjie Qiu and Panan Cao and Zhen Wang and Yunshuo Li",

note = "Publisher Copyright: {\textcopyright} 2023 IEEE.; 3rd International Conference on Energy, Power and Electrical Engineering, EPEE 2023 ; Conference date: 15-09-2023 Through 17-09-2023",

year = "2023",

doi = "10.1109/EPEE59859.2023.10351842",

language = "英语",

series = "2023 3rd International Conference on Energy, Power and Electrical Engineering, EPEE 2023",

publisher = "Institute of Electrical and Electronics Engineers Inc.",

pages = "1273--1278",

booktitle = "2023 3rd International Conference on Energy, Power and Electrical Engineering, EPEE 2023",

address = "美国",

}

Li, J, Duan, X, Qiu, W, Cao, P, Wang, Z & Li, Y 2023, A Cross-Chain Transaction Model for Power Blockchain Based on Hash-Locking Mechanism. in 2023 3rd International Conference on Energy, Power and Electrical Engineering, EPEE 2023. 2023 3rd International Conference on Energy, Power and Electrical Engineering, EPEE 2023, Institute of Electrical and Electronics Engineers Inc., pp. 1273-1278, 3rd International Conference on Energy, Power and Electrical Engineering, EPEE 2023, Hybrid, Wuhan, China, 15/09/23. https://doi.org/10.1109/EPEE59859.2023.10351842

A Cross-Chain Transaction Model for Power Blockchain Based on Hash-Locking Mechanism. / Li, Jinzhong; Duan, Xiangjun; Qiu, Wangjie et al.
2023 3rd International Conference on Energy, Power and Electrical Engineering, EPEE 2023. Institute of Electrical and Electronics Engineers Inc., 2023. p. 1273-1278 (2023 3rd International Conference on Energy, Power and Electrical Engineering, EPEE 2023).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

T1 - A Cross-Chain Transaction Model for Power Blockchain Based on Hash-Locking Mechanism

AU - Li, Jinzhong

AU - Duan, Xiangjun

AU - Qiu, Wangjie

AU - Cao, Panan

AU - Wang, Zhen

AU - Li, Yunshuo

PY - 2023

Y1 - 2023

N2 - Blockchain is a closed island in the traditional power transaction platform and cannot freely trade with others, which limits the flexibility and autonomy of the distributed power trading market. Aiming at the problems of network isolation and interoperability among different power blockchains, we proposed a general and compatible power cross-chain trading protocol based on hash time locking technology, where the transaction power and price are locked by hash time to realize cross-chain exchanges of different assets. A flexible and specialized smart contract framework is designed, which can be easily adapted and extended according to specific needs, promoting the flexibility and freedom of the distributed power market. And the experimental shows that the transaction processing capability is significantly better than that of the relays technology when dealing with multiple concurrency problems.

AB - Blockchain is a closed island in the traditional power transaction platform and cannot freely trade with others, which limits the flexibility and autonomy of the distributed power trading market. Aiming at the problems of network isolation and interoperability among different power blockchains, we proposed a general and compatible power cross-chain trading protocol based on hash time locking technology, where the transaction power and price are locked by hash time to realize cross-chain exchanges of different assets. A flexible and specialized smart contract framework is designed, which can be easily adapted and extended according to specific needs, promoting the flexibility and freedom of the distributed power market. And the experimental shows that the transaction processing capability is significantly better than that of the relays technology when dealing with multiple concurrency problems.

KW - cross-chain

KW - distributed power trading

KW - hash-locking

KW - smart contracts

UR - https://www.scopus.com/pages/publications/85182565839

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DO - 10.1109/EPEE59859.2023.10351842

M3 - 会议稿件

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T3 - 2023 3rd International Conference on Energy, Power and Electrical Engineering, EPEE 2023

SP - 1273

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BT - 2023 3rd International Conference on Energy, Power and Electrical Engineering, EPEE 2023

PB - Institute of Electrical and Electronics Engineers Inc.

T2 - 3rd International Conference on Energy, Power and Electrical Engineering, EPEE 2023

Y2 - 15 September 2023 through 17 September 2023

ER -

Li J, Duan X, Qiu W, Cao P, Wang Z, Li Y. A Cross-Chain Transaction Model for Power Blockchain Based on Hash-Locking Mechanism. In 2023 3rd International Conference on Energy, Power and Electrical Engineering, EPEE 2023. Institute of Electrical and Electronics Engineers Inc. 2023. p. 1273-1278. (2023 3rd International Conference on Energy, Power and Electrical Engineering, EPEE 2023). doi: 10.1109/EPEE59859.2023.10351842

A Cross-Chain Transaction Model for Power Blockchain Based on Hash-Locking Mechanism

Abstract

Publication series

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UN SDGs

Keywords

Access to Document

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