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
Reads0
Chats0
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
Citations
More filters
Journal ArticleDOI
When energy meets blockchain: A systematic exposition of policies, research hotspots, applications, and prospects
The PEBBLES project – enabling blockchain based transactive energy trading of energy & flexibility within a regional market
Maria Vasconcelos,Wilhelm Cramer,Carlo Schmitt,Arvid Amthor,Stefan Jessenberger,Christian Ziegler,Andreas Armstorfer,Florian Heringer +7 more
Journal ArticleDOI
A survey on Blockchain mechanisms (BCM) based on internet of things (IoT) applications
C. Sathish,C. Yesubai Rubavathi +1 more
Proceedings ArticleDOI
Review of Blockchain Enabled Decentralized Energy Trading Mechanisms
TL;DR: This paper breaks down the traditional power grid into smaller clusters, called microgrid and discusses its properties as potential candidates for implementing Blockchain powered energy trading mechanisms and encapsulating the deployment considerations and limitations of employing Blockchain technology in a microgrid.
Journal ArticleDOI
Blockchain for Distributed Energy Resources Management and Integration
Sergio Cantillo-Luna,Ricardo Moreno-Chuquén,Harold R. Chamorro,Vijay K. Sood,Shahriar Badsha,Charalambos Konstantinou +5 more
TL;DR: A comprehensive review of blockchain applications for DER management and integration is presented and some key research challenges and opportunities of including blockchain technology to DER integration and management issues are presented.
References
More filters
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.