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
Citations
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Journal ArticleDOI
Blockchain for Future Smart Grid: A Comprehensive Survey
Muhammad Baqer Mollah,Jun Zhao,Dusit Niyato,Kwok-Yan Lam,Xin Zhang,Amer M. Y. M. Ghias,Leong Hai Koh,Lei Yang +7 more
TL;DR: In this article, the authors provide a comprehensive survey on the application of blockchain in smart grid scenarios and identify the significant security challenges of smart grid scenario that can be addressed by blockchain, and summarize several related practical projects, trials and products that have emerged recently.
Journal ArticleDOI
A Survey of Blockchain Enabled Cyber-Physical Systems
TL;DR: A holistic survey of various applications of CPS where blockchain has been utilized and some of the many applications that can benefit from the blockchain technology and will be discussed in the paper are presented.
Journal ArticleDOI
Blockchain-Enhanced High-Confidence Energy Sharing in Internet of Electric Vehicles
TL;DR: A local vehicle-to-vehicle (V2V) energy trading architecture based on fog computing in social hotspots and model the social welfare maximization (SWM) problem to balance the interests of both charging and discharging PHEVs is proposed.
Journal ArticleDOI
Smart contracts in energy systems: A systematic review of fundamental approaches and implementations
Desen Kirli,Benoit Couraud,Valentin Robu,Marcelo Salgado-Bravo,Sonam Norbu,Merlinda Andoni,Ioannis Antonopoulos,Matias Negrete-Pincetic,David Flynn,Aristides Kiprakis +9 more
TL;DR: In this article , the authors provide a broad perspective on the opportunities and challenges that stakeholders using this technology face, in both current and emergent markets, such as peer-to-peer energy trading platforms.
Proceedings ArticleDOI
IoT Data Integrity Verification for Cyber-Physical Systems Using Blockchain
TL;DR: This work proposes an architecture that can take advantage of blockchain features to allow further integrity verification of data produced by IoT devices even in the realm of CPS, and a performance evaluation of the critical path of data to demonstrate that the architecture respect time-bounded operations demanded by the sense-decide-actuate cycle of CPSs.
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.