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In recent years, many Blockchain based frameworks for transacting commoditieson a congestible network have been proposed. In particular, as the number ofcontrollable grid connected assets increases, there is a need for adecentralized, coupled economic and control mechanism to dynamically balancethe entire electric grid. Blockchain based Transactive Energy (TE) systems havegained significant momentum as an approach to sustain the reliability andsecurity of the power grid in order to support the flexibility of electricitydemand. What is lacking in these designs, however, is a mechanism thatphysically verifies all the energy transactions, to keep the various inherentlyselfish players honest. In this paper, we introduce a secure peer-to-peernetwork mechanism for the physical validation of economic transactions clearedover a distributed ledger. The framework is $\textit{secure}$ in the sense thatselfish and malicious agents that are trying to inject false data into thenetwork are prevented from adversely affecting the optimal functionality of theverification process by detecting and isolating them from the communicationnetwork. Preliminary simulations focusing on TE show the workings of thisframework.

Keeping Them Honest: a Trustless Multi-Agent Algorithm to Validate Transactions Cleared on Blockchain using Physical Sensors