A Survey of Blockchain-Based Solutions for Energy Industry

Megha, Swati; Lamptey, J. N. L.; Salem, Hamza; Mazzara, Manuel

doi:10.1007/978-3-030-44038-1_72

Cited by 6 publications

(2 citation statements)

References 29 publications

(41 reference statements)

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“…In the design of the HFB network, one of the network nodes allocated as a generator node (Gen.). The implemented topology of blockchain network is shown in Figure 6 (for experiments [25][26][27][28][29][30][31]. The experiments were performed in several steps with a certain number of VMs provided through a leased data center.…”

Section: Fig 5: Proposed Frameworkmentioning

confidence: 99%

A Conceptual Blockchain-Based Framework for Secure Industrial IoT Remote Monitoring: Proof of Concept

Ghaderi

Ghahyazi

2023

Preprint

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There is currently a lot of research going on using blockchain in Industrial Internet of Things (IIoT) applications. Secure real-time data monitoring is one of the requirements of IIoT. Although blockchain is a suitable platform for secure remote monitoring in IIoT due to its features, however, if the goal is real time monitoring, then the issue of data packet loss can be raised as a challenge. In this study, we present a conceptual platform based on Hyperledger Fabric blockchain (HFB) for secure real time remote monitoring in IIoT. To prove this concept, we implemented an HFB network consisting of a number of machines and monitored simulated data packets. By conducting various experiments, we evaluated the performance of the HFB network for secure real time data monitoring in terms of data packet loss. The results of the experiments show that in blockchain-based real-time monitoring, the generation period of transactions should be greater than or equal to the block generation time to avoid the packet loss in the network. The results of the research can be used in the practical implementation of blockchain-based real-time industrial data monitoring in IIoT systems.

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Section: Fig 5: Proposed Frameworkmentioning

confidence: 99%

A Conceptual Blockchain-Based Framework for Secure Industrial IoT Remote Monitoring: Proof of Concept

Ghaderi

Ghahyazi

2023

Preprint

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“…Recently, the energy business has been considering decentralized systems owing to the necessity of energy-sector decentralization and the fact that renewable energy is not suitable for the centralized legacy system [25,26]. Blockchain meets these demands; thus, there have been many trials of P2P energy trading based on blockchain technologies.…”

Section: Peer-to-peer Energy Trading Through Blockchainmentioning

confidence: 99%

Privacy-Preserving Peer-to-Peer Energy Trading in Blockchain-Enabled Smart Grids Using Functional Encryption

Son

Kwon

et al. 2020

Energies

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Advanced smart grid technologies enable energy prosumers to trade surplus energy from their distributed renewable energy sources with other peer prosumers through peer-to-peer (P2P) energy trading. In many previous works, P2P energy trading was facilitated by blockchain technology through blockchain’s distributive nature and capacity to run smart contracts. However, the feature that all the data and transactions on a blockchain are visible to all blockchain nodes may significantly threaten the privacy of the parties participating in P2P energy trading. There are many previous works that have attempted to mitigate this problem. However, all these works focused on the anonymity of participants but did not protect the data and transactions. To address this issue, we propose a P2P energy trading system on a blockchain where all bids are encrypted and peer matching is performed on the encrypted bids by a functional encryption-based smart contract. The system guarantees that the information encoded in the encrypted bids is protected, but the peer matching transactions are performed by the nodes in a publicly verifiable manner through smart contracts. We verify the feasibility of the proposed system by implementing a prototype composed of smart meters, a distribution system operator (DSO) server, and private Ethereum blockchain.

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A Survey of Blockchain-Based Solutions for Energy Industry

Megha

Lamptey

Salem

et al. 2020

Advances in Intelligent Systems and Computing

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The energy industry needs to shift to a new paradigm from its classical model of energy generation, distribution, and management. This shift is necessary to handle digitization, increased renewable energy generation, and to achieve goals of environmental sustainability. This shift has several challenges on its way and has been seen through research and development that blockchain which is one of the budding technology in this era could be suitable for addressing those challenges. This paper is aimed at the survey of all the research and development related to blockchain in the energy industry and uses a software engineering approach to categories all the existing work in several clusters such as challenges addressed, quality attribute promoted, the maturity level of the solutions, etc. This survey provides researchers in this field a well-defined categorization and insight into the existing work in this field from 3 different perspectives (challenges, quality attributes, maturity).

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A Survey of Blockchain-Based Solutions for Energy Industry

Cited by 6 publications

References 29 publications

A Conceptual Blockchain-Based Framework for Secure Industrial IoT Remote Monitoring: Proof of Concept

A Conceptual Blockchain-Based Framework for Secure Industrial IoT Remote Monitoring: Proof of Concept

Privacy-Preserving Peer-to-Peer Energy Trading in Blockchain-Enabled Smart Grids Using Functional Encryption

A Survey of Blockchain-Based Solutions for Energy Industry

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