Blockchain Based Smart Grids

Blockchain-Based Smart Grids presents emerging applications of blockchain in electrical system and looks to future developments in the use of blockchain technology in the energy market. Rapid growth of renewable energy resources in power systems and significant developments in the telecommunication systems has resulted in new market designs being employed to cover unpredictable and distributed generation of electricity. This book considers the marriage of blockchain and grid modernization, and discusses the transaction shifts in smart grids, from centralized to peer-to-peer structures. In addition, it addresses the effective application of these structures to speed up processes, resulting in more flexible electricity systems. Aimed at moving towards blockchain-based smart grids with renewable applications, this book is useful to researchers and practitioners in all sectors of smart grids, including renewable energy providers, manufacturers and professionals involved in electricity generation from renewable sources, grid modernization and smart grid applications. Considers the current challenges facing smart grids and presents solutions on how blockchain technology could counter these issues Incorporates detailed applications of blockchain in smart grids based on dynamic research and developments Includes models, algorithms, and frameworks to practically demonstrate the uses of blockchain technology Written by a global group of authors for worldwide coverage

Blockchain technology for smart grids holds great promise for grid management and secure transactions. Written by an international team, this timely work introduces the concept of blockchain and covers applications in smart grids, including sensors, security and privacy, AI and the use of cryptocurrencies for energy transactions.

Blockchain-Based Systems for a Paradigm Shift in the Energy Grid explores the technologies and tools to utilize blockchain for energy grids and assists professionals and researchers to find alternative solutions for the future of the energy sector. The focus of this globally edited book is on the application of blockchain technology and the balance between supply and demand for energy and where it is achievable. Looking at the integration of blockchain and how it will make the network resistant to any failure in sub-components, this book has very clearly explores the areas of energy sector that need in-depth study of Blockchain for expanding energy markets. Meeting the demands of energy by local trading, verifying use of green energy certificates and providing a greater understanding of smart energy grids and Blockchain use cases. Exhaustively exploring the use of Blockchain for energy, this reference useful for all those in the energy industry looking to avoid disruption in the grid and sustain and control successful flow of electricity. Methods and techniques of Blockchain-based trading and payments are included Provides process diagrams in techniques and balancing demand and supply Internet of Energy and its architecture for the future energy sector is explained

Explore foundational concepts in blockchain theory with an emphasis on recent advances in theory and practice In Wireless Blockchain: Principles, Technologies and Applications, accomplished researchers and editors Bin Cao, Lei Zhang, Mugen Peng, and Muhammad Ali Imran deliver a robust and accessible exploration of recent developments in the theory and practice of blockchain technology, systems, and potential application in a variety of industrial sectors, including manufacturing, entertainment, public safety, telecommunications, public transport, healthcare, financial services, automotive, and energy utilities. The book presents the concept of wireless blockchain networks with different network topologies and communication protocols for various commonly used blockchain applications. You’ll discover how these variations and how communication networks affect blockchain consensus performance, including scalability, throughput, latency, and security levels. You’ll learn the state-of-the-art in blockchain technology and find insights on how blockchain runs and co-works with existing systems, including 5G, and how blockchain runs as a service to support all vertical sectors efficiently and effectively. Readers will also benefit from the inclusion of: A thorough introduction to the Byzantine Generals problem, the fundamental theory of distributed system security and the foundation of blockchain technology An overview of advances in blockchain systems, their history, and likely future trends Practical discussions of Proof-of-Work systems as well as various Proof-of-“X” alternatives, including Proof-of-Stake, Proof-of-Importance, and Proof-of-Authority A concise examination of smart contracts, including trusted transactions, smart contract functions, design processes, and related applications in 5G/B5G A treatment of the theoretical relationship between communication networks and blockchain Perfect for electrical engineers, industry professionals, and students and researchers in electrical engineering, computer science, and mathematics, Wireless Blockchain: Principles, Technologies and Applications will also earn a place in the libraries of communication and computer system stakeholders, regulators, legislators, and research agencies.

Blockchain-Based Smart Grids presents emerging applications of blockchain in electrical system and looks to future developments in the use of blockchain technology in the energy market. Rapid growth of renewable energy resources in power systems and significant developments in the telecommunication systems has resulted in new market designs being employed to cover unpredictable and distributed generation of electricity. This book considers the marriage of blockchain and grid modernization, and discusses the transaction shifts in smart grids, from centralized to peer-to-peer structures. In addition, it addresses the effective application of these structures to speed up processes, resulting in more flexible electricity systems. Aimed at moving towards blockchain-based smart grids with renewable applications, this book is useful to researchers and practitioners in all sectors of smart grids, including renewable energy providers, manufacturers and professionals involved in electricity generation from renewable sources, grid modernization and smart grid applications. Considers the current challenges facing smart grids and presents solutions on how blockchain technology could counter these issues Incorporates detailed applications of blockchain in smart grids based on dynamic research and developments Includes models, algorithms, and frameworks to practically demonstrate the uses of blockchain technology Written by a global group of authors for worldwide coverage

This exciting book will explore how Blockchain (BC) technology has the potential to overcome challenges in the current cyber-physical system (CPS) environment. BC is a timestamp ledger of blocks that is used for storing and sharing data in a distributed manner. BC has attracted attention from practitioners and academics in different disciplines, including law, finance, and computer science, due to its use of distributed structure, immutability and security and privacy. However, applying blockchain in a cyber-physical system (CPS) is not straightforward and involves challenges, including lack of scalability, resource consumption, and delay. This book will provide a comprehensive study on blockchain for CPS. CPS and the existing solutions in CPS and will outline the limitations are presented. The key features of blockchain and its salient features which makes it an attractive solution for CPS are discussed. The fundamental challenges in adopting blockchain for CPS including scalability, delay, and resource consumption are presented and described. Blockchain applications in smart grids, smart vehicles, supply chain; and IoT Data marketplaces are explored. The future research directions to further improve blockchain performance in CPS is also provided.

Blockchain technology for smart grids holds great promise for grid management and secure transactions. Written by an international team, this timely work introduces the concept of blockchain and covers applications in smart grids, including sensors, security and privacy, AI and the use of cryptocurrencies for energy transactions.

Understanding the recent developments in renewable energy is crucial for a range of fields in today’s society. As environmental awareness and the need for a more sustainable future continues to grow, the uses of renewable energy, particularly in areas such as smart grid, must be considered and studied thoroughly to be implemented successfully and move society toward a more sustainable future. Optimal Planning of Smart Grid With Renewable Energy Resources offers a detailed guide to the new problems and opportunities for sustainable growth in engineering by focusing on modeling diverse problems occurring in science and engineering as well as novel effective theoretical methods and robust optimization theories, which can be used to analyze and solve multiple types of problems. Covering topics such as electric drives and energy systems, this publication is ideal for researchers, academicians, industry professionals, engineers, scholars, instructors, and students.