Energy Internet Opportunities in Distributed Peer-to-Peer Energy Trading Reveal by Blockchain for Future Smart Grid 2.0

Zafar, Bassam; Sami, Ben Slama

doi:10.3390/s22218397

Cited by 24 publications

(5 citation statements)

References 145 publications

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“…The decentralized architecture of blockchain technology presents prospects for a paradigm shift in the domain of renewable energy trading [44]. This nascent methodology tackles significant obstacles linked to conventional energy systems, such as their dependence on centralized control frameworks and susceptibilities concerning data governance and security.…”

Section: Energy Tradingmentioning

confidence: 99%

Blockchain Integration and Its Impact on Renewable Energy

Taherdoost

2024

Computers

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This paper investigates the evolving landscape of blockchain technology in renewable energy. The study, based on a Scopus database search on 21 February 2024, reveals a growing trend in scholarly output, predominantly in engineering, energy, and computer science. The diverse range of source types and global contributions, led by China, reflects the interdisciplinary nature of this field. This comprehensive review delves into 33 research papers, examining the integration of blockchain in renewable energy systems, encompassing decentralized power dispatching, certificate trading, alternative energy selection, and management in applications like intelligent transportation systems and microgrids. The papers employ theoretical concepts such as decentralized power dispatching models and permissioned blockchains, utilizing methodologies involving advanced algorithms, consensus mechanisms, and smart contracts to enhance efficiency, security, and transparency. The findings suggest that blockchain integration can reduce costs, increase renewable source utilization, and optimize energy management. Despite these advantages, challenges including uncertainties, privacy concerns, scalability issues, and energy consumption are identified, alongside legal and regulatory compliance and market acceptance hurdles. Overcoming resistance to change and building trust in blockchain-based systems are crucial for successful adoption, emphasizing the need for collaborative efforts among industry stakeholders, regulators, and technology developers to unlock the full potential of blockchains in renewable energy integration.

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Section: Energy Tradingmentioning

confidence: 99%

Blockchain Integration and Its Impact on Renewable Energy

Taherdoost

2024

Computers

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“…The blockchain technology is a decentralised program that facilitates the exchange and distribution of data among participants in a peer-to-peer network (Zafar & Ben Slama, 2022). Blockchains can be classified into two main categories: totally decentralised, also known as non-permissioned blockchains, and partially decentralised, which encompass both permissioned and permissionless blockchains (Prashanth Joshi et al, 2018).…”

Section: Blockchain Technologymentioning

confidence: 99%

Recent Trends of Integration of Blockchain Technology With the IoT by Analysing the Networking Systems: Future Research Prospects

Zainuddin,

Sidi,

Shamsudin

et al. 2023

JKMP

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In recent times, attention has surged towards entities with the potential to revolutionize various sectors. The integration of Internet of Things (IoT) and blockchain technologies, known as IoT-blockchain, offers numerous advantages, including heightened security, privacy, traceability, transparency, and reduced costs. This abstract delves into the taxonomy and prominent platforms of blockchain applications for IoT in networking systems, exploring recent advancements, obstacles, and future research avenues. IoT blockchain's crucial aspect lies in establishing decentralized networks, enabling secure collaboration and data interchange among diverse devices without a central governing entity. Platforms like Ethereum, Hyperledger, and IOTA facilitate the creation and management of these networks. Recent developments focus on enhancing security, scalability, and efficiency through novel consensus mechanisms and cryptographic techniques. Challenges persist, including the need for improved interoperability, integration with existing systems, efficient governance, regulatory structures, and the identification of use cases and business models for widespread adoption. The examination of successful governance, regulatory frameworks, and potential adoption catalysts completes the discourse on IoT blockchain technology.

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“…The following are the most prominent posts in this field. Germany has integrated IoT infrastructure and technology solutions to implement a smart grid project in Mannheim [26]. The project has enabled the widespread adoption of renewable energy and the coordination of energy consumption and production in the city.…”

Section: Related Workmentioning

confidence: 99%

IoT-Enabled Smart Grid using PV panel

Ibrahim¹,

abdelmawla²,

lab³

2022

Nile Journal of Communication and Computer Science

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This project brings together a smart grid implementation that uses a Wi-Fi (IEEE 802.11) network to communicate with sensors (IEEE 802.15.4) and actuators from multiple nodes.Addresses normal energy consumption issues that consume a lot of power. The system can be easily configured via a mobile application-friendly interface (IEEE 802.15.2) to automatically control the power supply and light demand of various types of electrical installations. Mobile application dashboards (IEEE P 2301) can also provide complex system-wide analysis by collecting values from various sensors. The maximum consumption of electricity generated is 32 GW, with the waste of electricity that must be stored and used, the unknown cause of outages, and the high maintenance costs of relying on old electricity. There is a problem. You should rely on the smart grid for the following reasons. Therefore, we use IoT solutions to improve energy consumption and production, proposing an innovative smart energy grid to meet the growing population and electricity consumption. The proposed smart grid system is energy efficient, selfcontained and user is easy to set up. Due to its modularity, the system is scalable and does not require more complicated materials or wiring. The proposed system improves energy consumption and production.The system is power efficient, self-sustained, set up easily and scalable without the requirement of more complicated materials. Also, it enables suppliers and consumers with unprecedented control and management capabilities.

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Energy Internet Opportunities in Distributed Peer-to-Peer Energy Trading Reveal by Blockchain for Future Smart Grid 2.0

Cited by 24 publications

References 145 publications

Blockchain Integration and Its Impact on Renewable Energy

Blockchain Integration and Its Impact on Renewable Energy

Recent Trends of Integration of Blockchain Technology With the IoT by Analysing the Networking Systems: Future Research Prospects

IoT-Enabled Smart Grid using PV panel

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