Proceedings ArticleDOI
Blockchain for smart grid resilience: Exchanging distributed energy at speed, scale and security
Michael Mylrea,Sri Nikhil Gupta Gourisetti +1 more
- pp 18-23
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TLDR
The application of blockchain and smart contracts to improve smart grid cyber resiliency and secure transactive energy applications is explored.Abstract:
Blockchain may help solve several complex problems related to securing the integrity and trustworthiness of rapid, distributed, complex energy transactions and data exchanges. In a move towards grid resilience, blockchain commoditizes trust and enables automated smart contracts to support auditable multiparty transactions based on predefined rules between distributed energy providers and customers. Blockchain based smart contracts also help remove the need to interact with third-parties, facilitating the adoption and monetization of distributed energy transactions and exchanges, both energy flows as well as financial transactions. This may help reduce transactive energy costs and increase the security and sustainability of distributed energy resource (DER) integration, helping to remove barriers to a more decentralized and resilient power grid. This paper explores the application of blockchain and smart contracts to improve smart grid cyber resiliency and secure transactive energy applications.read more
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Journal ArticleDOI
Intelligent energy management: Evolving developments, current challenges, and research directions for sustainable future
TL;DR: This analysis uncovers the current state of IEMSs and explores existing issues, methods, findings, and gaps, and future research directions have been recommended to fill the existing gaps.
Journal ArticleDOI
A Novel Multitier Blockchain Architecture to Protect Data in Smart Metering Systems
Juan C. Olivares-Rojas,Enrique Reyes-Archundia,Jose A. Gutierrez-Gnecchi,Jaime Cerda-Jacobo,Johan W. González-Murueta +4 more
TL;DR: The results show that the proposed architecture implemented can effectively improve cybersecurity and data protection for smart metering applications and present an optimized consensus algorithm for smart meters called proof-of-efficiency.
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Cyberphysical Blockchain-Enabled Peer-to-Peer Energy Trading
TL;DR: In this article, the authors provide a thorough overview of the P2P energy trading and the utilization of blockchain to enhance the efficiency and the overall performance including the degree of decentralization, scalability and the security of the systems.
Journal ArticleDOI
Leveraging Blockchain Technology for Secure Energy Trading and Least-Cost Evaluation of Decentralized Contributions to Electrification in Sub-Saharan Africa
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Proceedings ArticleDOI
Towards the Application of Blockchain technology for Smart Grids in Kazakhstan
TL;DR: The main purpose of this paper is to consider various application scenarios of the Blockchain technology in smart grid, and the proposed case study shows implementation possibility of smart contracts in smartgrid environment.
References
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Journal ArticleDOI
Blockchains and Smart Contracts for the Internet of Things
TL;DR: The conclusion is that the blockchain-IoT combination is powerful and can cause significant transformations across several industries, paving the way for new business models and novel, distributed applications.
Proceedings ArticleDOI
Hawk: The Blockchain Model of Cryptography and Privacy-Preserving Smart Contracts
TL;DR: In this article, the authors present Hawk, a decentralized smart contract system that does not store financial transactions in the clear on the blockchain, thus retaining transactional privacy from the public's view.
Book
Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World
Don Tapscott,Alex Tapscott +1 more
TL;DR: The technology likely to have the greatest impact on the future of the world economy has arrived, and its not self-driving cars, solar energy, or artificial intelligence, its called the blockchain, a new, distributed platform that can help reshape the world of business and transform the old order of human affairs for the better.
Posted Content
Step by Step Towards Creating a Safe Smart Contract: Lessons and Insights from a Cryptocurrency Lab.
TL;DR: This work documents the experiences in teaching smart contract programming to undergraduate students at the University of Maryland, the first pedagogical attempt of its kind.
Book ChapterDOI
Step by Step Towards Creating a Safe Smart Contract: Lessons and Insights from a Cryptocurrency Lab
TL;DR: In this paper, the authors document their experiences in teaching smart contract programming to undergraduate students at the University of Maryland, the first pedagogical attempt of its kind, where smart contracts deal directly with the movement of valuable currency units between contractual parties, security of a contract program is of paramount importance.