A Hybrid Blockchain Solution for Electric Vehicle Energy Trading: Balancing Proof of Work and Proof of Stake
This research presents an innovative blockchain-based solution for the charging and energy trading of electric vehicles (EVs). By combining the strengths of two prominent consensus mechanisms, Proof of Work (PoW) and Proof of Stake (PoS), the proposed system balances security, decentralization, and...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2025-04-01
|
| Series: | Energies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1996-1073/18/7/1840 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850184555445616640 |
|---|---|
| author | Sid-Ali Amamra |
| author_facet | Sid-Ali Amamra |
| author_sort | Sid-Ali Amamra |
| collection | DOAJ |
| description | This research presents an innovative blockchain-based solution for the charging and energy trading of electric vehicles (EVs). By combining the strengths of two prominent consensus mechanisms, Proof of Work (PoW) and Proof of Stake (PoS), the proposed system balances security, decentralization, and energy efficiency. PoW secures the blockchain, while PoS enhances energy efficiency and scalability, key factors in meeting the growing demand for EV infrastructure. The system’s decentralized nature allows for EV owners, charging stations, and stakeholders to interact and transact transparently, without relying on centralized entities. The research conducts a comprehensive simulation to assess the performance of the proposed hybrid blockchain model, demonstrating significant improvements in cost-effectiveness, scalability, and energy management. Additionally, dynamic pricing mechanisms within the blockchain enable real-time energy trading, optimizing charging times and balancing grid demand efficiently. Through the use of smart contracts, automated pricing adjustments, and incentive-driven user behaviors, the proposed system paves the way for more sustainable, cost-effective, and efficient energy solutions in the future. |
| format | Article |
| id | doaj-art-7b86b191ca3748a4a4092dcc5e45e4e2 |
| institution | OA Journals |
| issn | 1996-1073 |
| language | English |
| publishDate | 2025-04-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj-art-7b86b191ca3748a4a4092dcc5e45e4e22025-08-20T02:17:00ZengMDPI AGEnergies1996-10732025-04-01187184010.3390/en18071840A Hybrid Blockchain Solution for Electric Vehicle Energy Trading: Balancing Proof of Work and Proof of StakeSid-Ali Amamra0School of Computing and Engineering, University of Huddersfield, Queensgate, Huddersfield HD1 3DH, UKThis research presents an innovative blockchain-based solution for the charging and energy trading of electric vehicles (EVs). By combining the strengths of two prominent consensus mechanisms, Proof of Work (PoW) and Proof of Stake (PoS), the proposed system balances security, decentralization, and energy efficiency. PoW secures the blockchain, while PoS enhances energy efficiency and scalability, key factors in meeting the growing demand for EV infrastructure. The system’s decentralized nature allows for EV owners, charging stations, and stakeholders to interact and transact transparently, without relying on centralized entities. The research conducts a comprehensive simulation to assess the performance of the proposed hybrid blockchain model, demonstrating significant improvements in cost-effectiveness, scalability, and energy management. Additionally, dynamic pricing mechanisms within the blockchain enable real-time energy trading, optimizing charging times and balancing grid demand efficiently. Through the use of smart contracts, automated pricing adjustments, and incentive-driven user behaviors, the proposed system paves the way for more sustainable, cost-effective, and efficient energy solutions in the future.https://www.mdpi.com/1996-1073/18/7/1840blockchainProof of WorkProof of Stakeenergy tradingelectric vehicle chargingdynamic pricing |
| spellingShingle | Sid-Ali Amamra A Hybrid Blockchain Solution for Electric Vehicle Energy Trading: Balancing Proof of Work and Proof of Stake Energies blockchain Proof of Work Proof of Stake energy trading electric vehicle charging dynamic pricing |
| title | A Hybrid Blockchain Solution for Electric Vehicle Energy Trading: Balancing Proof of Work and Proof of Stake |
| title_full | A Hybrid Blockchain Solution for Electric Vehicle Energy Trading: Balancing Proof of Work and Proof of Stake |
| title_fullStr | A Hybrid Blockchain Solution for Electric Vehicle Energy Trading: Balancing Proof of Work and Proof of Stake |
| title_full_unstemmed | A Hybrid Blockchain Solution for Electric Vehicle Energy Trading: Balancing Proof of Work and Proof of Stake |
| title_short | A Hybrid Blockchain Solution for Electric Vehicle Energy Trading: Balancing Proof of Work and Proof of Stake |
| title_sort | hybrid blockchain solution for electric vehicle energy trading balancing proof of work and proof of stake |
| topic | blockchain Proof of Work Proof of Stake energy trading electric vehicle charging dynamic pricing |
| url | https://www.mdpi.com/1996-1073/18/7/1840 |
| work_keys_str_mv | AT sidaliamamra ahybridblockchainsolutionforelectricvehicleenergytradingbalancingproofofworkandproofofstake AT sidaliamamra hybridblockchainsolutionforelectricvehicleenergytradingbalancingproofofworkandproofofstake |