TY - GEN
T1 - Applications of Blockchain Methodologies for Microgrid Energy Transactions While Maintaining User Privacy and Data Security-A Review
AU - Ghosh, Prasanta K.
AU - Kato, Rand
AU - Smith, Danielle Taana
AU - McKnight, Lee W.
N1 - Publisher Copyright:
© 2022 IEEE.
PY - 2022
Y1 - 2022
N2 - 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.
AB - 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.
KW - blockchain
KW - energy transactions
KW - microgrid
KW - secured cloud architecture
KW - secured data infrastructure
UR - http://www.scopus.com/inward/record.url?scp=85139752437&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85139752437&partnerID=8YFLogxK
U2 - 10.1109/SEGE55279.2022.9889755
DO - 10.1109/SEGE55279.2022.9889755
M3 - Conference contribution
AN - SCOPUS:85139752437
T3 - 2022 10th International Conference on Smart Energy Grid Engineering, SEGE 2022
SP - 1
EP - 6
BT - 2022 10th International Conference on Smart Energy Grid Engineering, SEGE 2022
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 10th International Conference on Smart Energy Grid Engineering, SEGE 2022
Y2 - 10 August 2022 through 12 August 2022
ER -