Blockchain applications in smart grid

Authors

  • George SUCIU BEIA Consult International, Bucharest, Romania
  • Mari Anais SACHIAN BEIA Consult International, Bucharest, Romania
  • Grigor PARANGONI BEIA Consult International, Bucharest, Romania
  • Maria NICULAE BEIA Consult International, Bucharest, Romania
  • Robert FLORESCU BEIA Consult International, Bucharest, Romania

Keywords:

Renewable Energy, Internet of things, Cryptocurrency, Distributed Ledger

Abstract

The rising demand for electrical energy, the vast expansion in sources of renewable energy, and the emergence of cyber-physical security threats are some of the issues and risks that modern power systems face. These difficulties highlight how crucial it is to create a method for the power system to run securely and consistently. With the introduction of blockchain, innovative concepts for smart grid solutions have been invented and implemented. As one of the most secure technologies of recent years, blockchain can be adapted in different applications such as smart grid. Blockchain technology has numerous potential applications and solutions for the issues that smart grids are currently experiencing and will face in the future. Some of these issues stem from the lack of security and privacy of data collected by smart meters. This article will present some of the advantages and drawbacks of the blockchain-controlled smart grid as well as energy trading.

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Published

2023-10-23

How to Cite

[1]
SUCIU, G. et al. 2023. Blockchain applications in smart grid. Smart Cities International Conference (SCIC) Proceedings. 10, (Oct. 2023), 387–394.

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