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Impact of Blockchain Technology on Smart Grids

ENERGIES (2022)

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Summary: This article explores the disruptive potential of blockchain technology in energy trading markets and presents the application of blockchain-based smart contracts in distributed energy resource scheduling. The model complies with the new regulations in Portugal, resulting in decreased energy costs for consumers and increased locally generated electricity.

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Summary: Peer-to-peer energy trading plays an important role in smart grids, and blockchain and smart contract technology ensure secure operation. This article studies the challenges of demand-response management in P2P energy trading and proposes a blockchain-empowered energy trading system.

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Summary: With the proliferation of smart grid and deregulation of the energy market, various peer-to-peer energy trading systems have emerged. Blockchain-based solutions have gained attention for addressing privacy and security threats faced by prosumers. This article presents a flexible permissioned ascription scheme that combines on-chain and off-chain permissioning via Orion and Metamask wallet. The performance evaluation of the proposed framework shows that it provides efficient performance for a P2P energy trading system, with lower latency and higher throughput compared to other consensus mechanisms.

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