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
Measuring smart grid resilience: Methods, challenges and opportunities
TL;DR: A detailed review and comparative analysis of qualitative frameworks as well as quantitative metrics for studying resilience are provided and the desirable properties of a resilience metric are highlighted and challenges associated with formulating, developing and calculating such a metric in practical scenarios are discussed.
Journal ArticleDOI
A Blockchain Tokenizer for Industrial IOT trustless applications
Daniele Mazzei,Giacomo Baldi,Gualtiero Fantoni,Gabriele Montelisciani,Antonio Pitasi,Laura Ricci,Lorenzo Rizzello +6 more
TL;DR: Tests demonstrated the system capability to act as a bridge between industrial assets and Blockchain platforms enabling the generation of immutable and trust-less “digital twins” for industrial IOT applications.
Journal ArticleDOI
Use cases for blockchain in the energy industry opportunities of emerging business models and related risks
Mary Jean Bürer,Matthieu de Lapparent,Vincenzo Pallotta,Massimiliano Capezzali,Mauro Carpita +4 more
TL;DR: This paper will also consider aspects related to energy consumption of blockchain architectures, and risks and opportunities of emerging business models while ensuring a reliable distribution network and security of supply.
Journal ArticleDOI
Cybersecurity of Smart Electric Vehicle Charging: A Power Grid Perspective
TL;DR: The purpose of this paper is to list and characterize all backdoors that can be exploited to seriously harm either EV and EVCS equipments, or power grid, or both and to ignite research efforts on cybersecurity of smart EV charging and enhancing power grid resiliency against such demand-side cyberattacks in general.
Journal ArticleDOI
Evaluation and Demonstration of Blockchain Applicability Framework
TL;DR: The blockchain applicability framework (BAF) is designed to ingest detailed user requirements to perform a weighted evaluation that is built on mathematical constructs to determine the ideal combination of blockchain that is appropriate for an application.
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.