A Machine Learning and Blockchain Based Efficient Fraud Detection Mechanism.

In this paper, we address the problems of fraud and anomalies in the Bitcoin network. These are common problems in e-banking and online transactions. However, as the financial sector evolves, so do the methods for fraud and anomalies. Moreover, blockchain technology is being introduced as the most secure method integrated into finance. However, along with these advanced technologies, many frauds are also increasing every year. Therefore, we propose a secure fraud detection model based on machine learning and blockchain. There are two machine learning algorithms-XGboost and random forest (RF)-used for transaction classification. The machine learning techniques train the dataset based on the fraudulent and integrated transaction patterns and predict the new incoming transactions. The blockchain technology is integrated with machine learning algorithms to detect fraudulent transactions in the Bitcoin network. In the proposed model, XGboost and random forest (RF) algorithms are used to classify transactions and predict transaction patterns. We also calculate the precision and AUC of the models to measure the accuracy. A security analysis of the proposed smart contract is also performed to show the robustness of our system. In addition, an attacker model is also proposed to protect the proposed system from attacks and vulnerabilities.

An Efficient and Secure Energy Trading Approach with Machine Learning Technique and Consortium Blockchain.

In this paper, a secure energy trading mechanism based on blockchain technology is proposed. The proposed model deals with energy trading problems such as insecure energy trading and inefficient charging mechanisms for electric vehicles (EVs) in a vehicular energy network (VEN). EVs face two major problems: finding an optimal charging station and calculating the exact amount of energy required to reach the selected charging station. Moreover, in traditional trading approaches, centralized parties are involved in energy trading, which leads to various issues such as increased computational cost, increased computational delay, data tempering and a single point of failure. Furthermore, EVs face various energy challenges, such as imbalanced load supply and fluctuations in voltage level. Therefore, a demand-response (DR) pricing strategy enables EV users to flatten load curves and efficiently adjust electricity usage. In this work, communication between EVs and aggregators is efficiently performed through blockchain. Moreover, a branching concept is involved in the proposed system, which divides EV data into two different branches: a Fraud Chain (F-chain) and an Integrity Chain (I-chain). The proposed branching mechanism helps solve the storage problem and reduces computational time. Moreover, an attacker model is designed to check the robustness of the proposed system against double-spending and replay attacks. Security analysis of the proposed smart contract is also given in this paper. Simulation results show that the proposed work efficiently reduces the charging cost and time in a VEN.

An Intelligent Automated System for Detecting Malicious Vehicles in Intelligent Transportation Systems.

The exponential growth of intelligent vehicles(IVs) development has resulted in a complex network. As the number of IVs in a network increases, so does the number of connections. As a result, a great deal of data is generated. This complexity leads to insecure communication, traffic congestion, security, and privacy issues in vehicular networks (VNs). In addition, detecting malicious IVs, data integration, and data validation are major issues in VNs that affect network performance. A blockchain-based model for secure communication and malicious IV detection is proposed to address the above issues. In addition, this system also addresses data integration and transaction validation using an encryption scheme for secure communication. A multi-chain concept separates the legitimate and malicious data into two chains: the Integrity chain (I-chain) and Fraud chain (F-chain). This multi-chain mechanism solves the storage problem and reduces the computing power. The integration of blockchain in the proposed model provides privacy, network security, transparency, and immutability. To address the storage issue, the InterPlanetary File System (IPFS) is integrated with Certificate Authority (CA). A reputation mechanism is introduced to detect malicious IVs in the network based on ratings. This reputation mechanism is also used to prevent Sybil attack. The evaluation of the proposed work is based on the cost of smart contracts and computation time. Furthermore, two attacker models are presented to prevent the selfish mining attack and the Sybil attack. Finally, a security analysis of the proposed smart contracts with their security vulnerabilities is also presented.

Electricity Load and Price Forecasting Using Jaya-Long Short Term Memory (JLSTM) in Smart Grids.

In the smart grid (SG) environment, consumers are enabled to alter electricity consumption patterns in response to electricity prices and incentives. This results in prices that may differ from the initial price pattern. Electricity price and demand forecasting play a vital role in the reliability and sustainability of SG. Forecasting using big data has become a new hot research topic as a massive amount of data is being generated and stored in the SG environment. Electricity users, having advanced knowledge of prices and demand of electricity, can manage their load efficiently. In this paper, a recurrent neural network (RNN), long short term memory (LSTM), is used for electricity price and demand forecasting using big data. Researchers are working actively to propose new models of forecasting. These models contain a single input variable as well as multiple variables. From the literature, we observed that the use of multiple variables enhances the forecasting accuracy. Hence, our proposed model uses multiple variables as input and forecasts the future values of electricity demand and price. The hyperparameters of this algorithm are tuned using the Jaya optimization algorithm to improve the forecasting ability and increase the training mechanism of the model. Parameter tuning is necessary because the performance of a forecasting model depends on the values of these parameters. Selection of inappropriate values can result in inaccurate forecasting. So, integration of an optimization method improves the forecasting accuracy with minimum user efforts. For efficient forecasting, data is preprocessed and cleaned from missing values and outliers, using the z-score method. Furthermore, data is normalized before forecasting. The forecasting accuracy of the proposed model is evaluated using the root mean square error (RMSE) and mean absolute error (MAE). For a fair comparison, the proposed forecasting model is compared with univariate LSTM and support vector machine (SVM). The values of the performance metrics depict that the proposed model has higher accuracy than SVM and univariate LSTM.