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:Â
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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Posted Content
A Secure Distributed Ledger for Transactive Energy: The Electron Volt Exchange (EVE) Blockchain
Shammya Shananda Saha,Nikhil Ravi,Kari Hreinsson,Jaejong Baek,Anna Scaglione,Nathan G. Johnson +5 more
TL;DR: The Electron Volt Exchange (EVE) framework as mentioned in this paper is a distributed protocol for pricing and scheduling prosumers' production/consumption while keeping constraints and bids private, and a distributed algorithm to prevent theft that verifies prosumers compliance to scheduled transactions using information from smart meters.
Book ChapterDOI
Blockchain-Based Digital Record-Keeping in Land Administration System
TL;DR: In this article, a blockchain-based framework is proposed to develop a land administration system in a secure, reliable, scalable, effective, and efficient way, and the proposed framework was simulated in Ethereum blockchain platform.
Book ChapterDOI
The Impact of the Blockchain Technology on the Smart Grid Customer Domain: Toward the Achievement of the Sustainable Development Goals (SDGs) of the United Nations
TL;DR: In this article , a survey is conducted to determine how blockchain technology can transform the smart grid in the customer domain of the maturity model, and how it can enhance achievement of the sustainable development goals of the United Nations.
Journal ArticleDOI
A Novel Protection Mechanism for Critical Mission IoT in Smart Grid
TL;DR: The background and development of the smart grid security is introduced, and the main security threats facing the current smart grid are classified and expound, and subsequent protection schemes such as firewall, intrusion detection system (IDS), access control and identity authentication are put forward.
Journal ArticleDOI
Modified Blockchain based Hardware Paradigm for Data Provenance in Academia
TL;DR: This article is intended to provide a history of the project and some of the key events leading up to and during the development of the plan.
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.