BIOT: A Blockchain-Based IoT Platform for Distributed Energy Resource Management

Yalpanian, Mostafa; Mirzaei, Naser; Parvizimosaed, Alireza; Farmani, Farid; Parvizimosaed, Mehdi; Bahrami, Behdad

doi:10.1007/978-3-030-72725-3_10

Cited by 2 publications

(1 citation statement)

References 14 publications

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“…to proper management of DERs for the joint benefit of the end-users and the aggregator or DSO), in particular blockchain-based virtual power plants (VPPs) and smart grids (SGs) [173]. Therefore, some VPPbased developments such as those presented in [30], [174]- [178] and smart grid-based developments as [149], [179]- [181] show a high degree of adoption of both approaches in the proper management of DER from different levels (operational, financial, security, among other fields), given that these approaches are aimed at contributing to the process of decentralization of the electricity grids through interaction with the existing infrastructure, always prioritizing the economic and social benefits represented by DERs.…”

Section: E Decentralized Energy Managementmentioning

confidence: 99%

Blockchain for Distributed Energy Resources Management and Integration

et al. 2022

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Power grids all over the world are transitioning towards a decentralized structure. Under such a transition, blockchain technology is emerging as a potential solution for technical, deployment and decentralization issues, given its security, integrity, decentralized nature and required infrastructure. Moreover, blockchain technology offers excellent features like non-repudiation and immutability which makes it a promising application for DER integration and management on reliability factors. In this paper, a comprehensive review of blockchain applications for DER management and integration is presented. First, a blockchain-based literature review of research activities in the DER integration area and related tasks including entrepreneurial efforts is carried out. Next, the different opportunities and challenges of DER integration and management in power grids, i.e., centralization, regulatory support, development costs are discussed. Finally, some key research challenges and opportunities of including blockchain technology to DER integration and management issues are presented.INDEX TERMS Blockchain, Distributed energy resources (DER), Distributed ledger technologies, Consensus algorithms.

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