Blockchain technology in the future smart grids: A comprehensive review and frameworks

Hasankhani, Arezoo; Hakimi, Seyed Mehdi; Bisheh-Niasar, Mojtaba; Shafie‐khah, Miadreza; Asadolahi, Hasan

doi:10.1016/j.ijepes.2021.106811

Cited by 154 publications

(68 citation statements)

References 177 publications

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“…When frames are ciphered and authenticated, attackers cannot perform data or control packet injection without security knowledge. Blockchain, deployed in smart contracts, can be used to securely stock and share data without recourse to a third party [175]. However, blockchain is based on heavy cryptographic process that are impossible to implement in constrained environments such as SM.…”

Section: Dedicated Solutionsmentioning

confidence: 99%

“…However, some open issues remain to be addressed before achieving a secure AMI. [155] ✓ -Long time to detect Blockchain [175] ✗ ---Heavy cryptographic process…”

Section: Dedicated Solutionsmentioning

confidence: 99%

“…However, some open issues remain to be addressed before achieving a secure AMI. [155] ✓ -Long time to detect Blockchain [175] ✗ ---Heavy cryptographic process -Table management Dynamic multi path routing [166] ers, preventing the correlation of activities or locations, and the retrieval of real identities. Access control and authentication can always be performed, but it is impossible for an attacker to link several pseudonyms between them.…”

Section: Communication Infrastructure Requirements For Ibs As a Part Of The Sgmentioning

confidence: 99%

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Intelligent Buildings in Smart Grids: A Survey on Security and Privacy Issues Related to Energy Management

et al. 2021

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During the last decade, the smart grid (SG) concept has started to become a reality, mainly thanks to the technical progress achieved in telecommunications, informatics and power electronics, among other domains, leading to an evolution of the traditional electrical grid into an intelligent one. Nowadays, the SG can be seen as a system of smart systems that include cyber and physical parts from different technologies that interact with each other. In this context, intelligent buildings (IBs) constitute a paradigm in which such smart systems are able to guarantee the comfort of residents while ensuring an appropriate tradeoff of energy production and consumption by means of an energy management system (EMS). These interconnected EMSs remain the objective of potential cyber-attacks, which is a major concern. Therefore, this paper conducts a survey, from a multidisciplinary point of view, of some of the main security and privacy issues related to IBs as part of the SG, including an overview of EMS, smart meters, and the main communication networks employed to connect IBs to the overall SG. Future research directions towards a security enhancement from both technical and human perspectives are also provided.

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Section: Dedicated Solutionsmentioning

confidence: 99%

“…However, some open issues remain to be addressed before achieving a secure AMI. [155] ✓ -Long time to detect Blockchain [175] ✗ ---Heavy cryptographic process…”

Section: Dedicated Solutionsmentioning

confidence: 99%

Section: Communication Infrastructure Requirements For Ibs As a Part Of The Sgmentioning

confidence: 99%

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Intelligent Buildings in Smart Grids: A Survey on Security and Privacy Issues Related to Energy Management

et al. 2021

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“…At present, only a few researchers conduct standardized bibliometric research and comprehensive data analysis on existing resources in the blockchain and financial field [11][12][13]. Therefore, this paper tries to use a variety of bibliometric analysis methods such as co-word analysis, bi-clustering algorithm, analysis of strategic coordinates, visual analysis and so on to retrieve, sort out, topic mining and trend prediction of international literature related to the application of blockchain in the financial field.…”

Section: Introductionmentioning

confidence: 99%

The Sustainable Development of Financial Topic Detection and Trend Prediction by Data Mining

et al. 2021

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Blockchain technology is the most cutting-edge technology in the field of financial technology, which has attracted extensive attention from governments, financial institutions and investors of various countries. Blockchain and finance, as an interdisciplinary, cross-technology and cross-field topic, has certain limitations in both theory and application. Based on the bibliometrics data of Web of Science, this paper conducts data mining on 759 papers related to blockchain technology in the financial field by means of co-word analysis, bi-clustering algorithm and strategic coordinate analysis, so as to explore hot topics in this field and predict the future development trend. The experimental results found ten research topics in the field of blockchain combined with finance, including blockchain crowdfunding, Fintech, encryption currency, consensus mechanism, the Internet of Things, digital financial, medical insurance, supply chain finance, intelligent contract and financial innovation. Among them, blockchain crowdfunding, Fintech, encryption currency and supply chain finance are the key research directions in this research field. Finally, this paper also analyzes the opportunities and risks of blockchain development in the financial field and puts forward targeted suggestions for the government and financial institutions.

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“…The central authority is responsible for supervising agreements and accomplishing transparent trading among participants [ 3 ]. However, the outlook of energy with the concept of prosumers accompanied with SG is complicated and challenging [ 4 ]. The intermittent RE resources demand for storage options to store surplus energy within SG.…”

Section: Introductionmentioning

confidence: 99%

Bi-Directional Mutual Energy Trade between Smart Grid and Energy Districts Using Renewable Energy Credits

Rehman

Khan

Arif

et al. 2021

Sensors

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A central authority, in a conventional centralized energy trading market, superintends energy and financial transactions. The central authority manages and controls transparent energy trading between producer and consumer, imposes a penalty in case of contract violation, and disburses numerous rewards. However, the management and control through the third party pose a significant threat to the security and privacy of consumers’/producers’ (participants) profiles. The energy transactions between participants involving central authority utilize users’ time, money, and impose a computational burden over the central controlling authority. The Blockchain-based decentralized energy transaction concept, bypassing the central authority, is proposed in Smart Grid (SG) by researchers. Blockchain technology braces the concept of Peer-to-Peer (P2P) energy transactions. This work encompasses the SolarCoin-based digital currency blockchain model for SG incorporating RE. Energy transactions from Prosumer (P) to Prosumer, Energy District to Energy District, and Energy District to SG are thoroughly investigated and analyzed in this work. A robust demand-side optimized model is proposed using Genetic Algorithm (GA) and Particle Swarm Optimization (PSO) to maximize Prosumer Energy Surplus (PES), Grid revenue (GR), percentage energy transactions accomplished, and decreased Prosumer Energy Cost (PEC). Real-time averaged energy data of Australia are employed, and a piece-wise energy price mechanism is implemented in this work. The graphical analysis and tabular statistics manifest the efficacy of the proposed model.

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Blockchain technology in the future smart grids: A comprehensive review and frameworks

Cited by 154 publications

References 177 publications

Intelligent Buildings in Smart Grids: A Survey on Security and Privacy Issues Related to Energy Management

Intelligent Buildings in Smart Grids: A Survey on Security and Privacy Issues Related to Energy Management

The Sustainable Development of Financial Topic Detection and Trend Prediction by Data Mining

Bi-Directional Mutual Energy Trade between Smart Grid and Energy Districts Using Renewable Energy Credits

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