Smart contracts and homomorphic encryption for private P2P energy trading and demand response on blockchain.

Blockchain technology offers great value in terms of decentralization, data integrity, transparency, and traceability, however the transactional data is public, and accessible raising concerns about violating privacy regulations. For example, in the peer-to-peer energy trading and demand response use cases, the data stored in blockchain may allow a third party to infer the load profiles or even identify the behind the meter assets. In this paper, we employ homomorphic techniques to encrypt the energy transactional data stored on the blockchain allowing the smart contracts functions responsible for implementing the business logic of the energy flexibility trading and settlement to perform computations on encrypted data.