Applications of Blockchain Methodologies for Microgrid Energy Transactions While Maintaining User Privacy and Data Security-A Review

Prasanta K. Ghosh, Rand Kato, Danielle Taana Smith, Lee W. McKnight

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

To overcome design and integration challenges of microgrids with the legacy grid, the future power grid needs careful application of information and communication technologies. Additionally, to meet local needs and for better control, decentralized microgrids may be a realistic solution with controls that integrate communication, smart metering, and cogeneration. The real time information processing capability leads to a robust, cost-effective, and scalable solution. Next, to establish an efficient transaction infrastructure which will be transparent for select data and information types, while simultaneously keeping users' information private, a blockchain-based mechanism may be an acceptable approach. In this paper, we review research efforts and protocol implementations in this area. We contend that most prior work has focused on market-making aspects without sufficient focus on control system engineering for user privacy and system security in diverse possible blockchain energy grid redesigns.

Original languageEnglish (US)
Title of host publication2022 10th International Conference on Smart Energy Grid Engineering, SEGE 2022
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages1-6
Number of pages6
ISBN (Electronic)9781665499316
DOIs
StatePublished - 2022
Event10th International Conference on Smart Energy Grid Engineering, SEGE 2022 - Oshawa, Canada
Duration: Aug 10 2022Aug 12 2022

Publication series

Name2022 10th International Conference on Smart Energy Grid Engineering, SEGE 2022

Conference

Conference10th International Conference on Smart Energy Grid Engineering, SEGE 2022
Country/TerritoryCanada
CityOshawa
Period8/10/228/12/22

Keywords

  • blockchain
  • energy transactions
  • microgrid
  • secured cloud architecture
  • secured data infrastructure

ASJC Scopus subject areas

  • Artificial Intelligence
  • Computer Networks and Communications
  • Information Systems and Management
  • Energy Engineering and Power Technology
  • Electrical and Electronic Engineering
  • Safety, Risk, Reliability and Quality

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