Distributed Ledger Technologies Based Microgrid Energy Management Using IOTA Tangle

Garcia-Hernandez, Juan; Marin-Collazos, Luis G.; Jiménez‐Estévez, Guillermo; Mendoza-Araya, Patricio

doi:10.1109/chilecon54041.2021.9702926

Cited by 5 publications

(4 citation statements)

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“…IOTA 2.0 addresses these by removing the centralized coordinator and introducing improvements to enhance decentralization and scalability, along with providing a technical overview and future research directions for IoT applications. The work presented in [25] leverages IOTA Tangle as part of microgrid transactive energy systems, demonstrating that this technology can be cost-effective for any domain.…”

Section: Related Workmentioning

confidence: 99%

IOTA-Based Distributed Ledger in the Mining Industry: Efficiency, Sustainability and Transparency

Gligoric,

Escuín,

Polo

et al. 2024

Sensors

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The paper presents a traceability framework founded upon a methodological approach specifically designed for the integration of the IOTA-based distributed ledger within the mining industry. This framework constitutes an initial stride towards the certification and labelling of sustainable material production. The efficacy of this methodology is subject to real-world evaluation within the framework of the European Commission funded project DIG_IT. Within the architectural framework, the integration of decentralized identifiers (DIDs) and the IOTA network are instrumental in effecting the encryption of data records, with associated hashes securely anchored on the explorer. Recorded environmental parameters, encompassing metrics such as pH level, turbidity, electrical conductivity, and emissions, serve as tangible evidence affirming their adherence to prevailing regulatory standards. The overarching system architecture encompasses a sophisticated Industrial Internet of Things platform (IIoTp), facilitating the seamless connection of data from a diverse array of sensors. End users, including governmental entities, mining managers, and the general public, stand to derive substantial benefits from tailored dashboards designed to facilitate the validation of data for emission compliance.

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Section: Related Workmentioning

confidence: 99%

IOTA-Based Distributed Ledger in the Mining Industry: Efficiency, Sustainability and Transparency

Gligoric,

Escuín,

Polo

et al. 2024

Sensors

View full text Add to dashboard Cite

show abstract

“…IOTA 2.0 addresses these by removing the centralized coordinator and introducing improvements to enhance decentralization and scalability, along with providing a technical overview and future research directions for IoT applications. The work presented in [23] leverages IOTA Tangle as part of Microgrid Transactive Energy Systems, demostrating that this technology can be cost-effective for any domain.…”

Section: Related Workmentioning

confidence: 99%

IOTA-Based Distributed Ledger in the Mining Industry: Efficiency, Sustainability and Transparency

Gligorić,

Escuín,

Polo

et al. 2024

Preprint

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The paper proposes a traceability framework based on methodological approach for the deployment of IOTA-Based Distributed Ledger in the mining industry, as a first step of certification and labelling of the sustainable material production. The methodology is evaluated in real-world implementation in scope of the DIG_IT project. The implementation provides significant amount of heterogeneous data originating from different processes and sources during the operation in mines, such as vehicles operations, mining and raw material extraction, workers physical parameters, environmental parameters, sensors (field, biometric, assets), market (supply chains, commodity prices), weather data, etc. Most of these datasets, especially the data about the emission, needs integrity and the ability to be audited by the public community, government and the stakeholders. The methodology for establishing the transparency for the mining operations, the requirements, technical architecture, General Data Protection Regulation (GDPR) assessment, Distributed Ledger Technology (DLT) infrastructure, as well as end-to-end traceability, are proposed and evaluated with the actual deployment. The approach advocates end to end security for the increased traceability and data integrity based on Distributed Ledger Technology. Namely, W3C Decentralised Identities and Public Key Infrastructure (PKI) should be deployed from the data source to the cloud and anchored onto the Blockchain. The approach showed promising results with the regulations compliance made possible, making the data available and advertised publicly for the emission compliance.

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“…IOTA is a highly scalable DAG-based DLT built for IoT networks and applications. Its role in P2P energy trading has been explored in some previous studies like [23] and [5]. However, these studies mainly focused on IOTA 1.0 which had an element of centralization in the form of a coordinator and also lacked support for smart contracts and digital assets, thereby making it unsuitable for effectively managing a P2P energy trading system.…”

Section: Iota Dlt For P2p Energy Tradingmentioning

confidence: 99%

“…However, conventional blockchain technologies still face challenges when applied to a P2P energy trading use case. DLTs based on a directed acyclic graph (DAG) structure overcome many limitations associated with blockchains and have been investigated from the perspective of blockchain replacement in energy management systems [5].…”

Section: Introductionmentioning

confidence: 99%

Peer-to-Peer Energy Trading meets IOTA: Toward a Scalable, Low-Cost, and Efficient Trading System

Mullaney¹,

Aijaz²,

Sealey³

et al. 2022

Preprint

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Peer-to-Peer (P2P) energy trading provides various benefits over conventional wholesale energy markets and makes renewable energy more accessible. This paper proposes a novel multi-layer P2P energy trading system for microgrids based on IOTA 2.0, which is a distributed ledger technology (DLT) primarily designed for Internet-of-Things (IoT) applications. The proposed energy trading system, which is a manifestation of a cyber-physical system (CPS), exploits the benefits brought by IOTA's unique ledger structure as well as the recently introduced IOTA smart contract protocol (ISCP). Further, it implements a uniform double-auction market mechanism and a hierarchical routing structure for interconnected microgrids. Performance evaluation demonstrates key benefits over wholesale markets as well as speed, energy efficiency and cost benefits over conventional blockchain-based P2P energy trading systems.

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Distributed Ledger Technologies Based Microgrid Energy Management Using IOTA Tangle

Cited by 5 publications

References 0 publications

IOTA-Based Distributed Ledger in the Mining Industry: Efficiency, Sustainability and Transparency

IOTA-Based Distributed Ledger in the Mining Industry: Efficiency, Sustainability and Transparency

IOTA-Based Distributed Ledger in the Mining Industry: Efficiency, Sustainability and Transparency

Peer-to-Peer Energy Trading meets IOTA: Toward a Scalable, Low-Cost, and Efficient Trading System

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