Experimental bandwidth benchmarking for P2P markets in blockchain managed microgrids

Meeuw, Arne; Schopfer, Sandro; Wortmann, Felix

doi:10.1016/j.egypro.2018.12.074

Cited by 29 publications

(13 citation statements)

References 7 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The decentralized system also improves the fault tolerance and communication speed of the system. The decentralized blockchain is precisely suitable to implement business processes in microgrids using smart contracts [86]. Authors of this paper also provided a few examples of the blockchain projects for microgrids with certain technical parameters.…”

Section: ) Microgridmentioning

confidence: 99%

Blockchain for Industry 4.0: A Comprehensive Review

et al. 2020

View full text Add to dashboard Cite

Due to the proliferation of ICT during the last few decades, there is an exponential increase in the usage of various smart applications such as smart farming, smart healthcare, supply-chain & logistics, business, tourism and hospitality, energy management etc. However, for all the aforementioned applications, security and privacy are major concerns keeping in view of the usage of the open channel, i.e., Internet for data transfer. Although many security solutions and standards have been proposed over the years to enhance the security levels of aforementioned smart applications, but the existing solutions are either based upon the centralized architecture (having single point of failure) or having high computation and communication costs. Moreover, most of the existing security solutions have focussed only on few aspects and fail to address scalability, robustness, data storage, network latency, auditability, immutability, and traceability. To handle the aforementioned issues, blockchain technology can be one of the solutions. Motivated from these facts, in this paper, we present a systematic review of various blockchain-based solutions and their applicability in various Industry 4.0-based applications. Our contributions in this paper are in four fold. Firstly, we explored the current state-of-the-art solutions in the blockchain technology for the smart applications. Then, we illustrated the reference architecture used for the blockchain applicability in various Industry 4.0 applications. Then, merits and demerits of the traditional security solutions are also discussed in comparison to their countermeasures. Finally, we provided a comparison of existing blockchain-based security solutions using various parameters to provide deep insights to the readers about its applicability in various applications.

show abstract

Section: ) Microgridmentioning

confidence: 99%

Blockchain for Industry 4.0: A Comprehensive Review

et al. 2020

View full text Add to dashboard Cite

show abstract

“…Furthermore, the decentralized system enhances communication speed and fault tolerance. Through the inclusion of SCs, BC is perfect for executing business operations in microgrids [124]. The authors have provided numerous examples of BC solutions for microgrids with particular technical characteristics.…”

Section: ) Smart Energymentioning

confidence: 99%

Blockchain for Industry 5.0: Vision, Opportunities, Key Enablers, and Future Directions

et al. 2022

View full text Add to dashboard Cite

Industry 4.0 have witnessed a paradigm shift from cyber-physical systems (CPS) that aims at massive automation, towards a more customer-driven approach. The shift has been attributed to the design of hyper-cognitive systems, integration of virtual and extended reality, digital machinery prototyping and twin designs, trusted machine boundaries, collaborative robots, and artificial intelligence (AI)-based supply chains. This new wave, termed Industry 5.0, is expected to leverage massive production with user-centric customization outside the scope of Industry 4.0 ecosystems. Industry 5.0 is expected to assist diverse industrial verticals like healthcare, smart farming, drones, smart grids, and supply chain production ecosystems. However, data is shared among multiple heterogeneous networks, spanning different authoritative domains. Thus, trusted and secured data transfer is crucial to synergize and secure the industrial perimeters. Blockchain (BC) is a preferred choice as a security enabler to Industry 5.0 ecosystems owing to its inherent property of immutability, chronology, and auditability in industrial systems. Limited works are proposed that present the vision and holistic view of BC-assisted Industry 5.0 applications. The article presents a first-of-its-kind survey on BC as a security enabler in Industry 5.0. Based on a descriptive survey methodology and research questions, we presented the key drivers, and potential applications, and propose an architectural vision of BC-based Industry 5.0 in diverse applicative verticals. The survey intends to present solutions that would assist industry practitioners, academicians, and researchers to drive novel BCassisted solutions in Industry 5.0 verticals.

show abstract

“…On the other hand, the P2P energy market gathers information about buying and selling orders over a period and enters and processes this data in a decentralized platform. In fact, it presents a pattern to transition from centrally to decentrally managed AMIs [18]. So candidate communication technologies should be able to handle these functions in the P2P energy market environment.…”

Section: B Motivation and Contributionsmentioning

confidence: 99%

Practical Insights to Design a Blockchain-Based Energy Trading Platform

et al. 2021

View full text Add to dashboard Cite

Today, the development of decentralized energy management systems has accelerated due to the daily growth of renewable energy technologies and communications infrastructure. At the distribution system level, this approach has manifested itself with the emergence of the local energy market. In fact, the local energy market is becoming a new operating model to control local generation units. This paper describes the general architecture and elements used to implement a blockchain-based local energy market within a transactive management platform. After an overview of internet of things (IoT) communication technologies and the existing central-authority-based applications, the general structure and elements of peerto-peer (P2P) networks are reviewed. Next, the concepts of blockchain-based technologies and the required specifications for different building layers are outlined based on the limited relevant literature available. The concepts and requirements are investigated to provide practical insights to design trading platforms. INDEX TERMSLocal market, P2P energy market, transactive management platform, blockchain, IoT.

show abstract

Experimental bandwidth benchmarking for P2P markets in blockchain managed microgrids

Cited by 29 publications

References 7 publications

Blockchain for Industry 4.0: A Comprehensive Review

Blockchain for Industry 4.0: A Comprehensive Review

Blockchain for Industry 5.0: Vision, Opportunities, Key Enablers, and Future Directions

Practical Insights to Design a Blockchain-Based Energy Trading Platform

Contact Info

Product

Resources

About