Smart grids play an ultimate role in building a modern and sustainable society. It integrates numerous smart energy devices through the Internet and enhances the efficiency of renewable energy resources. It enables two-way communications among the consumers and providers to efficiently deliver and manage green energy resources.
However, security is a major concern of smart grid networks in which large connections are accomplished through centralized servers. The blockchain model promotes the smart grid technology into a decentralized distributed model with high security. Through the blockchain model, the smart grid accomplishes the following facilities that are,
• Decentralization
• High Scalability
• Creating a trustless but secure environment
• Immutability
• High transparency and audit ability
• Deployment of secure scripts
• Automaticity
Different use cases of blockchain technology in smart grids are as follows.
• Peer to Peer Trading infrastructure
• Smart Metering Networks
• Power Generation and Distribution
• Smart Grid Equipment Maintenance
• Energy Trading in electric vehicles
Research Topics:
• Securing the smart grid communication using blockchain
• Adoption of blockchain for smart grids
• Smart grid structure improvement using blockchain
• Consensus mechanism design for blockchain-enabled smart grids