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Blockchain in Smart Grids: A Review on Different Use Cases.
Tejasvi Alladi1, Vinay Chamola1, Joel J P C Rodrigues2,3,4
1Birla Institute of Technology and Science, Pilani 333031, India.
Blockchain technology offers solutions for smart grid security and privacy challenges. It enables secure peer-to-peer energy trading, efficient data aggregation, and improved grid management, paving the way for future energy systems.
Area of Science:
- Electrical Engineering
- Computer Science
- Information Technology
Background:
- Smart grids, integrating Wireless Sensor Networks and the Internet of Things, promise solutions for future electricity supply challenges.
- However, widespread adoption is hindered by significant security and privacy concerns related to electricity consumption and trading data.
Purpose of the Study:
- To explore the critical application areas of blockchain technology within the smart grid ecosystem.
- To detail specific use cases, including suitable blockchain architectures, block structures, and technical considerations.
Main Methods:
- Discussion of blockchain applications in peer-to-peer energy trading with credit-based payment schemes.
- Analysis of blockchain for secure and private data aggregation in smart grids.
- Exploration of blockchain for remote energy flow control and grid equipment maintenance.
Main Results:
- Blockchain facilitates secure peer-to-peer energy trading and enhances data aggregation efficiency.
- It offers potential for remote energy flow control and improved diagnosis/maintenance of smart grid equipment.
- Several commercial implementations of blockchain in smart grids were reviewed.
Conclusions:
- Blockchain technology presents a viable solution to address security and privacy challenges in smart grids.
- Further research and development are needed to overcome challenges in integrating blockchain with smart grid infrastructure.
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