Using Blockchains to Secure Distributed Energy Exchange

Shuaib, Khaled; Abdella, Juhar Ahmed; Sallabi, Farag; Abdel-Hafez, Mohammed

doi:10.1109/codit.2018.8394815

Cited by 20 publications

(8 citation statements)

References 8 publications

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“…Another study found that the use of blockchain technology in demand side management is suitable for matching energy demand and supply within the smart grid [109]. A separate study proposed a system using blockchain based smart contracts to allow secure energy exchange between prosumers [110]. Furthermore, we explored big energy data management in smart grids which include the different steps to process the heterogeneous data [34].…”

Section: Prosumer Definitions Objectives and Motivationsmentioning

confidence: 99%

Prosumer Communities and Relationships in Smart Grids: A Literature Review, Evolution and Future Directions

2018

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Smart grids are robust, self-healing networks that allow bidirectional propagation of energy and information within the utility grid. This introduces a new type of energy user who consumes, produces, stores and shares energy with other grid users. Such a user is called a “prosumer.” Prosumers’ participation in the smart grid is critical for the sustainability and long-term efficiency of the energy sharing process. Thus, prosumer management has attracted increasing attention among researchers in recent years. This paper systematically examines the literature on prosumer community based smart grid by reviewing relevant literature published from 2009 to 2018 in reputed energy and technology journals. We specifically focus on two dimensions namely prosumer community groups and prosumer relationships. Based on the evaluated literature, we present eight propositions and thoroughly describe several future research directions.

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Section: Prosumer Definitions Objectives and Motivationsmentioning

confidence: 99%

Prosumer Communities and Relationships in Smart Grids: A Literature Review, Evolution and Future Directions

2018

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“…The emerging blockchain and distributed ledger technologies appear to be particularly relevant to the development and support of decentralized energy market [33], [34]. Blockchain technologies typically refer to distributed computer network protocols that can securely manage and maintain the data imported and processed by their users, without the need of a centralized authority.…”

Section: Decentralized Marketsmentioning

confidence: 99%

Towards an Internet-like Power Grid

Kouveliotis-Lysikatos

Hatziargyriou

et al. 2022

Journal of Modern Power Systems and Clean Energy

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The great challenges faced by modern power systems require a fresh look at the conventional operation paradigm. The significant challenges faced by modern power systems require an innovative method for the conventional operation paradigm. We claim that the decarbonization of the power grid and extensive electrification of numerous sectors of human activity can only be fostered by a self-adaptable and smart power grid that manifests similar qualities to those of the Internet. The Internet is constructed on a layered architecture that facilitates technology innovations and its intelligence is distributed throughout a hierarchy of networks. In this paper, the fundamental differences between the network data flows and power flows are examined, and the basic requirements for an innovative operation paradigm are highlighted. The current power grid is operated in a highly inflexible, centralized manner to meet increased security goals. A new highly flexible, distributed architecture can be realized by distributing the operation responsibility in smaller areas or even in grid components that can make autonomous decisions. The characteristics of such a power grid are presented, and the key features and advances for the on-going transition to a sustainable power system are identified. Finally, a case study on distributed voltage control is presented and discussed.

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“…However, the main purpose of the authors of the manuscript is providing an extensive survey on all the potential solutions that can be offered, rather than providing a more specific solution based on constrained devices that operate within an heterogeneous system. K. Shuaib et al offer their own perspective on using blockchain for secured and distributed energy exchange [12]. The authors introduced a system supporting energy exchanges between prosumers by means of a kind of smart electronic contracts based on blockchain, implementing a decentralized peer-to-peer energy exchange system.…”

Section: A Reviewed Proposalsmentioning

confidence: 99%

Towards Blockchain-Based Internet of Things Systems for Energy Smart Contracts With Constrained Hardware Devices and Cloud Infrastructure

et al. 2021

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Hardware solutions based on blockchain used in peer-to-peer electricity trading operations have been on rise during the last years. It is expected that due to their usage, it will become easier for prosumers to participate in the power grid on more equal terms when compared to the traditional players that have been settled in this market for the last decades. However, devices used to fully integrate prosumers are scarce and often offer minimal functionalities to perform the task of becoming integrated in those markets. This manuscript puts forward a Constrained Hardware Device enhanced with several software elements related to blockchain and cloud infrastructures, which make possible for any electricity generator or storage system to perform major actions like executing smart contracts, requesting energy prices to a Transmission System Operator and replicating the interchanged data in a cloud computing environment in case there are blockchain node failures. In this way, Renewable Energy Sources can be integrated by means of inexpensive, reliable devices with all the required software components preinstalled, with prosumers being able to further intervene in energy markets.

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Using Blockchains to Secure Distributed Energy Exchange

Cited by 20 publications

References 8 publications

Prosumer Communities and Relationships in Smart Grids: A Literature Review, Evolution and Future Directions

Prosumer Communities and Relationships in Smart Grids: A Literature Review, Evolution and Future Directions

Towards an Internet-like Power Grid

Towards Blockchain-Based Internet of Things Systems for Energy Smart Contracts With Constrained Hardware Devices and Cloud Infrastructure

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