Blockchain for smart grid

Agung, Anak Agung Gde; Handayani, Rini

doi:10.1016/j.jksuci.2020.01.002

Cited by 84 publications

(48 citation statements)

References 11 publications

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“…It ensures the balance between energy generation and consumption. Similarly, Agung and Handayani 149 utilized blockchain to execute immutable transactions between consumers and generators. Table 7 summarizes the related research work on the blockchain‐based smart grid system.…”

Section: Use Cases Of Blockchain Technology In the Iiotmentioning

confidence: 99%

Blockchain technology for the industrial Internet of Things: A comprehensive survey on security challenges, architectures, applications, and future research directions

Latif

Idrees

Huma³

et al. 2021

Trans Emerging Tel Tech

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The blockchain has emerged as an innovative and powerful technology that shows the tremendous potential to enhance the smart industrial frameworks by providing encryption, immutable storage, and decentralization. In the past few years, several applications in the industrial Internet of Things (IIoT) have emerged and blockchain technologies gained great attention from academia and industry. To discover the great potential of blockchain technology for the IIoT, we present a comprehensive survey on security issues, blockchain architectures, and applications from the industrial perspective. This article starts with a comparison of exiting state‐of‐the‐art surveys of blockchain technologies for IoT/IIoT applications. A four‐layer reference architecture of IIoT is presented along with the functionalities and security issues of each layer. To address these challenges, we assess the potential of blockchain technology by considering the key characteristics, architectures, consensus algorithms, and implementation platforms. Furthermore, we also discussed some use cases of blockchain for the IIoT frameworks. Finally, this survey is concluded by highlighting some open issues and future research directions.

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Section: Use Cases Of Blockchain Technology In the Iiotmentioning

confidence: 99%

Blockchain technology for the industrial Internet of Things: A comprehensive survey on security challenges, architectures, applications, and future research directions

Latif

Idrees

Huma³

et al. 2021

Trans Emerging Tel Tech

View full text Add to dashboard Cite

show abstract

“…The current status of transactions is stored with every participant in The central section of Figure 1 classifies the blockchain technology as the pivotal technology on the way towards a fully subsidiary smart energy internet. The blockchain can take over three technological functions in the energy distribution system: energy coupling, price coupling and information coupling [89]. The left column of Figure 1 summarizes the main technologies to be developed to enable flexibility grids.…”

Section: The Blockchain Technologymentioning

confidence: 99%

“…Smart grids comprise an information and communication infrastructure, to get informed on demand and supply, a grid management system, to regulate access, and a control and protection system, to prevent excess loads [89]. Every grid participant represents a node in the blockchain network and can interact with every other participant [84].…”

Section: Private Smart Grids-a First Step To Practicabiltiymentioning

confidence: 99%

Regional Flexibility Markets—Solutions to the European Energy Distribution Grid—A Systematic Review and Research Agenda

Rösch

Treffinger

Koch³

2021

Energies

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The German government is aiming to increase the share of renewable energies in the electricity supply to 80% in 2050. To date, however, neither the technical requirements nor the market requirements to implement this aim are provided: Germany is struggling to establish the technical requirements and the market requirements to meet this goal. As an important incentive mechanism, the German government has used and continues to use support measures, such as guaranteed feed-in tariffs, and continuously adapts these to market developments and requirements of the European Union. The purpose of the study is to outline a concept for the implementation of regional flexibility markets in Europe based on a thorough review of technical solutions. The method of a comprehensive review of research in regional flexibility markets of electricity, distribution, and pricing from the study is applied to summarize and discuss the opportunities, risks, and future potentials of grid distribution technology. Based on the insights, a new market-based supply and distribution scheme for electricity, which is aimed to benefit of a fully regenerative, decentral and fairly priced electricity markets on the European level is presented. The study suggests a blockchain based pricing mechanism which shall allow equal market access for consumer, providers, and grid operators and rewards regenerative production and short-distance transmission.

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“…It has been bestowed by incorporating a smart lattice fixture with Internet innovation. Conversely, with the brilliant lattice, the energy internet is a rejoinder for energy kindred proceedings by obliging with IoT, progressed data and correspondence innovations, power framework parts, and other energy establishments (Agung and Handayani, 2020). The point of this creative methodology is to guarantee the association of energy anyplace whenever required.…”

Section: Blockchain Modelmentioning

confidence: 99%

Asymmetric Confidentiality in Blockchain Embedded Smart Grids in Galois Field

Banerjee¹,

Jani²,

Shah³

2021

Front. Blockchain

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Economic growth requires a sharp increase in the utilization of energy. Since the initial mechanical era, financial development has been driven by industrialization, transportation, and, most important of all, electrification, majorly achieved by petroleum product ignition. This way of development has had malicious and abusive aftershocks on the environment since the beginning. Smart grids are an idea to slightly diminish the burden on our Mother Nature, but this idea is getting tainted by the anticipation of ferocious technophiles who may try to get the grid down using quantum computers in the coming years. Thus, security becomes one of the major concerns for the smart grid. In this paper, we propose a quantum-resistant framework for associating smart grids and blockchain embedded with a permutation-substitution-based public-key cryptosystem in Galois Field to prevent unauthorized access and perform encryption of the private information of the user and consumption statistics. Permutation and substitution are performed to increase the diffusion and confusion of the data. Expenditures are quantified from the dissipation particulars, and the payment of electricity bill is performed using our blockchain wallet. The prediction model of consumption data is generated availing stochastic gradient descent. The performance analysis of the proposed cryptosystem is predicted after a simulation of the smart grid.

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Blockchain for smart grid

Cited by 84 publications

References 11 publications

Blockchain technology for the industrial Internet of Things: A comprehensive survey on security challenges, architectures, applications, and future research directions

Blockchain technology for the industrial Internet of Things: A comprehensive survey on security challenges, architectures, applications, and future research directions

Regional Flexibility Markets—Solutions to the European Energy Distribution Grid—A Systematic Review and Research Agenda

Asymmetric Confidentiality in Blockchain Embedded Smart Grids in Galois Field

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