Securing Energy Networks: Blockchain and Accounting Systems

Pythagoras Petratos; Alessio Faccia

doi:10.1109/icecet52533.2021.9698728

Securing Energy Networks: Blockchain and Accounting Systems

Pythagoras Petratos, Alessio Faccia

School of Economics, Finance and Accounting

De Montfort University

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

1 Citation (Scopus)

Abstract

The energy sector is facing increasing risks, mainly concerning fraudulent activities and cyberattacks. This paradigm shift in risks would require innovative solutions. This paper proposes an innovative architecture based on Distributed Ledger Technologies (Blockchain) and Triple Entry Accounting (X-Accounting). The proposed architecture focusing on new applications of payment and billing would improve accountability and compliance as well as security and reliability. Future research can extend this architecture to other energy technologies and systems like EMS/SCADA and associated applications.

Original language	English
Title of host publication	2021 International Conference on Electrical, Computer and Energy Technologies (ICECET)
Publisher	IEEE
Number of pages	5
ISBN (Electronic)	978-1-6654-4231-2
ISBN (Print)	978-1-6654-4232-9
DOIs	https://doi.org/10.1109/icecet52533.2021.9698728
Publication status	Published - 11 Feb 2022
Event	2021 International Conference on Electrical, Computer and Energy Technologies - Virtual Duration: 9 Dec 2021 → 10 Dec 2021

Conference

Conference	2021 International Conference on Electrical, Computer and Energy Technologies
Abbreviated title	ICECET
Period	9/12/21 → 10/12/21

Keywords

Networks and Security
Risk Management
Scandals and Fraud
Cyberattacks
Blockchain
Triple Entry Accounting

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10.1109/icecet52533.2021.9698728

Cite this

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title = "Securing Energy Networks: Blockchain and Accounting Systems",

abstract = "The energy sector is facing increasing risks, mainly concerning fraudulent activities and cyberattacks. This paradigm shift in risks would require innovative solutions. This paper proposes an innovative architecture based on Distributed Ledger Technologies (Blockchain) and Triple Entry Accounting (X-Accounting). The proposed architecture focusing on new applications of payment and billing would improve accountability and compliance as well as security and reliability. Future research can extend this architecture to other energy technologies and systems like EMS/SCADA and associated applications.",

keywords = "Networks and Security, Risk Management, Scandals and Fraud, Cyberattacks, Blockchain, Triple Entry Accounting",

author = "Pythagoras Petratos and Alessio Faccia",

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AU - Faccia, Alessio

PY - 2022/2/11

Y1 - 2022/2/11

N2 - The energy sector is facing increasing risks, mainly concerning fraudulent activities and cyberattacks. This paradigm shift in risks would require innovative solutions. This paper proposes an innovative architecture based on Distributed Ledger Technologies (Blockchain) and Triple Entry Accounting (X-Accounting). The proposed architecture focusing on new applications of payment and billing would improve accountability and compliance as well as security and reliability. Future research can extend this architecture to other energy technologies and systems like EMS/SCADA and associated applications.

AB - The energy sector is facing increasing risks, mainly concerning fraudulent activities and cyberattacks. This paradigm shift in risks would require innovative solutions. This paper proposes an innovative architecture based on Distributed Ledger Technologies (Blockchain) and Triple Entry Accounting (X-Accounting). The proposed architecture focusing on new applications of payment and billing would improve accountability and compliance as well as security and reliability. Future research can extend this architecture to other energy technologies and systems like EMS/SCADA and associated applications.

KW - Networks and Security

KW - Risk Management

KW - Scandals and Fraud

KW - Cyberattacks

KW - Blockchain

KW - Triple Entry Accounting

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U2 - 10.1109/icecet52533.2021.9698728

DO - 10.1109/icecet52533.2021.9698728

M3 - Conference proceeding

SN - 978-1-6654-4232-9

BT - 2021 International Conference on Electrical, Computer and Energy Technologies (ICECET)

PB - IEEE

T2 - 2021 International Conference on Electrical, Computer and Energy Technologies

Y2 - 9 December 2021 through 10 December 2021

ER -

Securing Energy Networks: Blockchain and Accounting Systems

Abstract

Conference

Keywords

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