Blockchain is a modern technology that has revolutionized the way society interacts and trades. It could be defined as a chain of blocks that stores information with digital signatures in a distributed and decentralized network. This technique was first adopted for the creation of digital cryptocurrencies, such as Bitcoin and Ethereum. However, research and industrial studies have recently focused on the opportunities that blockchain provides in various other application domains to take advantage of the main features of this technology, such as: decentralization, persistency, anonymity, and auditability. This paper reviews the use of blockchain in several interesting fields, namely: finance, healthcare, information systems, wireless networks, Internet of Things, smart grids, governmental services, and military/defense. In addition, our paper identifies the challenges to overcome, to guarantee better use of this technology.

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Blockchain for Modern Applications: A Survey

The conventional electrical grid is undergoing substantial growth for reliable grid operation and for more efficient and sustainable energy use. The traditional grid is now metamorphosing into a smart grid (SG) that incorporates a diverse, heterogeneous blend of operating measures such as smart appliances, meters, and renewable energy resources. With better efficient results and dependability, the SG can be described as a modern electric power grid architecture. The SG is one of the greatest potential advances as a promising solution for the energy crisis. However, it is complex and its decentralization could be of tremendous benefit. Moreover, digitalization and integration of a large number of growing connections make it a target of cyber-attacks. In this sense, blockchain is a promising SG paradigm solution that offers several excellent features. There has been considerable effort put into using blockchains in the smart grid for its decentralization and enhanced cybersecurity; however, it has not been thoroughly studied in both application and architectural perspectives. An in-depth study was conducted on blockchain-enabled SG applications. Blockchain architectures for various applications, such as the synchrophasor applications, electric vehicles, energy management systems, etc., were proposed. The purpose of this article is to provide directions for future research efforts aimed at secure and decentralized SG applications using blockchain.

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Blockchain-Enabled Smart Grid Applications: Architecture, Challenges, and Solutions

Blockchain technology applications in the electricity sector are getting considerable attention from both academia and industry. It is expected that blockchain will play an important role in the transition to the smart grid. The blockchain applications in the electricity sector can be classified to optimizing existing processes like metering and billing or grid management and using blockchain for emerging applications such as creating new platforms for value exchange like peer-to-peer (P2P) energy trading. This paper briefly introduces fundamentals of blockchain technology such as different types of blockchain networks and consensus mechanisms, in addition to introducing a few blockchain platforms that are widely used in current studies, projects, and startups or may have future potential in electricity sector applications. The contribution of this paper is to provide a review of potential applications of blockchain in many electricity sector use cases, and they are categorized into eight categories such as P2P energy trading, wholesale markets, retail markets, metering and billing, trading of renewable energy certificates (RECs) and carbon credits, electric mobility, enhancement of power system cyber security, investments in renewable energy sources (RESs), and power system operation and management. Moreover, examples of research studies, pilot projects, industrial projects, startups, or companies investigating the blockchain capabilities at each potential application are introduced. Furthermore, the studies presented at each use case are compared to clarify and highlight the blockchain functions and involved actors. Finally, the paper discusses the challenges that blockchain technology is facing that obstruct large-scale adoption in different sectors and in the electricity sector specifically and potential solutions to these challenges that are being developed.

Review of Blockchain Potential Applications in the Electricity Sector and Challenges for Large Scale Adoption

Blockchain technology applications in the electricity sector are getting considerable attention from both academia and industry. It is expected that blockchain will play an important role in the transition to the smart grid. The blockchain applications in the electricity sector can be classified to optimizing existing processes like metering and billing or grid management and using blockchain for emerging applications such as creating new platforms for value exchange like peer-to-peer (P2P) energy trading. This paper briefly introduces the fundamentals of blockchain technology, such as different types of blockchain networks and consensus mechanisms, in addition to introducing a few blockchain platforms that are widely used in current studies, projects, and startups or may have future potential in the electricity sector applications. The contribution of this paper is to provide a review of potential applications of blockchain in many electricity sector use cases, and they are categorized into eight categories such as P2P energy trading, wholesale markets, retail markets, metering and billing, trading of renewable energy certificates (RECs) and carbon credits, electric mobility, enhancement of power system cyber security, investments in renewable energy sources (RESs), and power system operation and management. Moreover, examples of research studies, pilot projects, industrial projects, startups, or companies investigating the blockchain capabilities at each potential application are introduced. Furthermore, the studies presented in each use case are compared to clarify and highlight the blockchain functions and involved actors. Finally, the paper discusses the challenges that blockchain technology is facing that obstruct large-scale adoption in different sectors and in the electricity sector specifically and potential solutions to these challenges that are being developed. 

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Software-defined networking (SDN) has emerged as a flexible and programmable network architecture that takes advantage of the benefits of global visibility and centralized control over a network. One of the main properties of the SDN architecture is the ability to offer a northbound interface (NBI), which enables network applications to access the SDN controller resources. However, the NBI can be compromised by a malicious application due to the lack of standardization and security aspects in the most current NBI designs. Therefore, in this paper, we propose a novel comprehensive security solution for securing the application–controller interface, named BCNBI. We propose a controller-independent lightweight blockchain architecture and exploit the security features of blockchain while limiting the blockchain’s computational overhead. BCNBI automatically verifies application and SDN controller credentials through token-based authentication. The proposed solution enforces fine-grained access control for each application’s API request and classifies the permission set into strict and normal policies, in order to add an extra level of security. In addition, the trustworthiness of applications is evaluated in order to prevent malicious activities. We implemented our blockchain-based solution to analyze its security, based on the confidentiality–integrity–availability model criteria, and evaluated the introduced overhead in terms of processing time and packet overhead. The experimental results demonstrate that the BCNBI can effectively secure the NBI, based on the fundamental security goals, while introducing insignificant overhead.

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BCNBI: A Blockchain-Based Security Framework for Northbound Interface in Software-Defined Networking

A blockchain is a decentralized peer to peer platform which provides security services based on some key concepts, namely authentication, confidentiality, integrity and authorization. It is the process of recording and keeping track of the resources without the intervention of a centralized authority. This paper provides an overview of blockchains, the structure of blockchains, consensus algorithms, etc., It compares the algorithms based on their utility and limitations. Though blockchains provide secure communication, there are some minimal data leaks which are discussed. Various security issues in blockchains are discussed such as denial of service attacks, etc., In addition to security, some other blockchain challenges are presented like scalability, reliability, interoperability, privacy and consensus mechanisms for integration with AI, IoT and edge computing. This paper also explains about the importance of blockchains in the fields of smart healthcare, smart grid, and smart financial systems. Overall, this paper gives the glimpse of various protocols, algorithms, applications, challenges and opportunities that are found in the blockchain domain.

Divya Guru

Papers

Approaches towards Blockchain Innovation: A Survey and Future Directions