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Securing Renewable Energy Transactions: Blockchain, RSA-Encrypted NFTs, and IPFS Integration

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Energy Informatics (EI.A 2024)

Part of the book series: Lecture Notes in Computer Science ((LNCS,volume 15272))

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Abstract

The integration of renewable energy sources is essential for addressing climate change and achieving sustainable energy systems. Traditional centralized methods for managing renewable energy data and trading present challenges in transparency, security, and efficiency. This paper explores the application of blockchain technology to address these challenges by providing a decentralized, secure, and transparent framework for renewable energy transactions. Specifically, we examine the use of smart contracts, RSA-encrypted Non-Fungible Tokens (NFTs), and the InterPlanetary File System (IPFS) within blockchain-based renewable energy trading platforms. The study includes a comparative analysis of transaction fees across Ethereum Virtual Machine (EVM)-compatible platforms to determine the most cost-efficient options for implementing these systems. Our findings suggest that the integration of these technologies can enhance the management and trading of renewable energy, ensuring secure and efficient operations.

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Author information

Authors and Affiliations

  1. FPT University, Can Tho city, Vietnam

    L. K. Bang, H. V. Khanh, M. N. Triet, N. N. Hung, H. N. Kha & V. N. Minh

  2. FPT Polytechnic, Can Tho city, Vietnam

    T. N. Vinh & K. T. N. Ngan

Authors
  1. L. K. Bang
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  2. H. V. Khanh
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  3. M. N. Triet
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  4. N. N. Hung
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  5. T. N. Vinh
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  6. H. N. Kha
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  7. V. N. Minh
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  8. K. T. N. Ngan
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Corresponding author

Correspondence to L. K. Bang .

Editor information

Editors and Affiliations

  1. University of Southern Denmark, Odense, Denmark

    Bo Nørregaard Jørgensen

  2. University of Southern Denmark, Odense, Denmark

    Zheng Grace Ma

  3. Universitas Gadjah Mada, Yogyakarta, Indonesia

    Fransisco Danang Wijaya

  4. Universitas Gadjah Mada, Yogyakarta, Indonesia

    Roni Irnawan

  5. Universitas Gadjah Mada, Yogyakarta, Indonesia

    Sarjiya Sarjiya

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Bang, L.K. et al. (2025). Securing Renewable Energy Transactions: Blockchain, RSA-Encrypted NFTs, and IPFS Integration. In: Jørgensen, B.N., Ma, Z.G., Wijaya, F.D., Irnawan, R., Sarjiya, S. (eds) Energy Informatics. EI.A 2024. Lecture Notes in Computer Science, vol 15272. Springer, Cham. https://doi.org/10.1007/978-3-031-74741-0_9

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  • DOI: https://doi.org/10.1007/978-3-031-74741-0_9

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-031-74740-3

  • Online ISBN: 978-3-031-74741-0

  • eBook Packages: Computer ScienceComputer Science (R0)

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