Blockchain-Based Game Theoretical Framework for V2V and V2G Energy Trading in Carbon-Intelligent Internet of Vehicles

Electric vehicles (EVs) are becoming more popular as people try to live more eco-friendly ways. A major challenge slowing down their widespread adoption is limited driving range and inadequate charging infrastructure, particularly in rural and highway areas where charging station deployment remains uneven. This paper proposed a blockchain-based framework for Vehicle-to-Vehicle (V2V) and Vehicle-to-Grid (V2G) energy trading to address these challenges, enabling efficient decentralized energy exchanges. The framework integrates three-game theory models, contract theory, Bayesian game theory, and evolutionary game theory to optimize trading strategies, ensure fairness, and enhance grid stability. By utilizing a lightweight blockchain architecture on Hyperledger Fabric, the proposed system ensures secure, transparent, and efficient transactions while reducing operational costs. The performance evaluations show that the proposed framework surpasses existing methods, reaching a transaction throughput of 49.8 transactions per second (TPS) for payment settlements and 44.7 TPS for energy trade proposals, with an average latency ranging from 0.09 to 0.18 seconds. Resource utilization analysis shows that peer nodes experience an average CPU usage of 23.76% and memory consumption of 169.5 MB during trade proposals. These results highlight the robustness and scalability of the framework in enabling decentralized, carbon-intelligent energy trading, offering a promising solution for advancing sustainable and intelligent EV energy ecosystems.

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Publication Details

Journal
IEEE Internet of Things Journal
Published
2025-07-14
DOI
https://doi.org/10.1109/jiot.2025.3588000
Citations
2
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
6.49
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article

Blockchain-Based Game Theoretical Framework for V2V and V2G Energy Trading in Carbon-Intelligent Internet of Vehicles

Vinay Chamola, Mritunjay Shall Peelam, Siva Sai, Pranay Jalan
2 citations
IEEE Internet of Things Journal
Blockchain Technology Applications and Security
6.49
article

Blockchain-Based Game Theoretical Framework for V2V and V2G Energy Trading in Carbon-Intelligent Internet of Vehicles

Vinay Chamola, Mritunjay Shall Peelam, Siva Sai, Pranay Jalan
article en
2 citations

Abstract

Electric vehicles (EVs) are becoming more popular as people try to live more eco-friendly ways. A major challenge slowing down their widespread adoption is limited driving range and inadequate charging infrastructure, particularly in rural and highway areas where charging station deployment remains uneven. This paper proposed a blockchain-based framework for Vehicle-to-Vehicle (V2V) and Vehicle-to-Grid (V2G) energy trading to address these challenges, enabling efficient decentralized energy exchanges. The framework integrates three-game theory models, contract theory, Bayesian game theory, and evolutionary game theory to optimize trading strategies, ensure fairness, and enhance grid stability. By utilizing a lightweight blockchain architecture on Hyperledger Fabric, the proposed system ensures secure, transparent, and efficient transactions while reducing operational costs. The performance evaluations show that the proposed framework surpasses existing methods, reaching a transaction throughput of 49.8 transactions per second (TPS) for payment settlements and 44.7 TPS for energy trade proposals, with an average latency ranging from 0.09 to 0.18 seconds. Resource utilization analysis shows that peer nodes experience an average CPU usage of 23.76% and memory consumption of 169.5 MB during trade proposals. These results highlight the robustness and scalability of the framework in enabling decentralized, carbon-intelligent energy trading, offering a promising solution for advancing sustainable and intelligent EV energy ecosystems.

IEEE Internet of Things JournalVol. 12(19)
Birla Institute of Technology and Science, Pilani (IN)
Affordable and clean energy
Openalex Percentile: Top 4%
Blockchain Technology Applications and Security
6.49
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Blockchain-Based Game Theoretical Framework for V2V and V2G Energy Trading in Carbon-Intelligent Internet of Vehicles — Vinay Chamola, Mritunjay Shall Peelam, et al. · IEEE Internet of Things Journal (2025) | TGRS Research Map | TGRS