“…2-Data Security As it was mentioned before, providing a secure energy transaction is also concerned in smart cities. The decentralized based cryptographically data transaction method so called "blockchain" has attracted many attentions in the field of power systems [25]. In this regard, a blockchain based technique in [26] is used to control cyber threats, prohibit fraud and decrease network operating costs.…”
Section: A Motivation and Aimsmentioning
confidence: 99%
“… Energy hub constraints The constraint (22) limits the input active power of the EH in time duration t. The available energy stored in the electrical storage of EH is presented in (23) which will not allow the charging/discharging process being deviated from the nominal capacity of the energy storage. The constraint (24) indicates the battery stored energy during each time t. The charging and discharging power limits of the battery within its maximum charge rate is represented in (25) and (26), respectively. The constraint (27) will allow the EH's energy storage to be charged or discharged during time t. The electrical and thermal power balance of EH is represented in equations (28) and 29, respectively.…”
Section: M2v Definitionmentioning
confidence: 99%
“…Blockchain is a secure, decentralized and conceptually cyclic structure in which the nodes of the system are connected by ledgers. Recently, such technology has been perceived by the researchers for energy and data transaction within a power network [25]. Such a secure framework was against this backdrop that the data was gathered in a central point and then broadcasted through a communication link to the destination point.…”
His research interests include modeling smart buildings, smart grids, smart cities, and smart energy systems using artificial intelligence, machine learning, deep learning, and quantum computing.
“…2-Data Security As it was mentioned before, providing a secure energy transaction is also concerned in smart cities. The decentralized based cryptographically data transaction method so called "blockchain" has attracted many attentions in the field of power systems [25]. In this regard, a blockchain based technique in [26] is used to control cyber threats, prohibit fraud and decrease network operating costs.…”
Section: A Motivation and Aimsmentioning
confidence: 99%
“… Energy hub constraints The constraint (22) limits the input active power of the EH in time duration t. The available energy stored in the electrical storage of EH is presented in (23) which will not allow the charging/discharging process being deviated from the nominal capacity of the energy storage. The constraint (24) indicates the battery stored energy during each time t. The charging and discharging power limits of the battery within its maximum charge rate is represented in (25) and (26), respectively. The constraint (27) will allow the EH's energy storage to be charged or discharged during time t. The electrical and thermal power balance of EH is represented in equations (28) and 29, respectively.…”
Section: M2v Definitionmentioning
confidence: 99%
“…Blockchain is a secure, decentralized and conceptually cyclic structure in which the nodes of the system are connected by ledgers. Recently, such technology has been perceived by the researchers for energy and data transaction within a power network [25]. Such a secure framework was against this backdrop that the data was gathered in a central point and then broadcasted through a communication link to the destination point.…”
His research interests include modeling smart buildings, smart grids, smart cities, and smart energy systems using artificial intelligence, machine learning, deep learning, and quantum computing.
“…Thus, blockchain contents cannot be refuted due to the associated timestamp. This has been proposed as tool to keep track of renewable energy credits [45] and carbon credits [46]. Furthermore, it can be used to keep track of ownership of generation equipment and electrical infrastructure, especially in shared ownership schemes, such as those discussed in Section III-C1.…”
Ever since the invention of Bitcoin by the pseudonymous Satashi Nakamoto, cryptocurrency has provoked debate in banking and finance sectors, and is sometimes considered a potential successor to fiat currency. Blockchain, the new technology underpinning decentralised and immutable databases, has seen much discussion as a potentially game-changing development. Although many industries are exploring its value, the technology has thus far made only minor impacts. A rapidly expanding base of research has emerged on blockchain's role as a potential disruptor in the electrical energy industry. However, it may be difficult to distinguish hype from more imminently plausible impacts. This paper attempts to serve as a guide for engineering management wishing to make sense of blockchain's potential in electricity. This is accomplished by formulating a novel blockchain industry disruption framework, which exists across three tiers. These tiers extend from ideas with the least effect on an industry to total revolutionary concepts that could completely transform an industry. This taxonomy is constructed by examining existing research into disruption hierarchies and blockchain classification methods. Through the lens of this taxonomy, a literature review is performed on blockchain's role in energy to draw out themes and ideas characterising each tier. The potential likelihood of real-world application of various ideas are discussed, giving consideration to how established industries may be affected or disrupted. The authors provide some conjecture here. Finally, courses of action are suggested for those whose sector may be affected by blockchain.
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