A Privacy-Preserving Scheme for V2V Double Auction Power Trading Based on Heterogeneous Signcryption and IoV

As electric vehicles (EVs) gain popularity, the existing public charging infrastructure is struggling to keep pace with the rapidly growing demand for the immediate charging needs of EVs. V2V power trading has gradually attracted widespread attention and development. EVs need to transmit sensitive information, such as transaction plans, through communication entities in the Internet of Vehicles (IoV). This could lead to leaks of sensitive information, thereby threatening the fairness of transactions. In addition, due to the differences in the cryptographic systems of entities, communication between entities faces challenges. Therefore, a privacy-preserving scheme for V2V double auction power trading based on heterogeneous signcryption and IoV is proposed. Firstly, a heterogeneous signcryption algorithm is designed to realize secure communication from certificateless cryptography to identity-based cryptography. Secondly, the scheme employs a pseudonym mechanism to protect the real identities of EVs. Furthermore, a verification algorithm is designed to verify the information sent by EVs and ensure the traceability and revocation of malicious EVs. The theoretical analysis shows that the proposed scheme could serve common security functions, and the experiment demonstrates that the proposed scheme reduces communication costs by about 14.56% and the computational cost of aggregate decryption by 80.51% compared with other schemes in recent years.