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Blockchain applications in smart grid

Author

Listed:
  • George SUCIU

    (BEIA Consult International, Bucharest, Romania)

  • Mari Anais SACHIAN

    (BEIA Consult International, Bucharest, Romania)

  • Grigor PARANGONI

    (BEIA Consult International, Bucharest, Romania)

  • Maria NICULAE

    (BEIA Consult International, Bucharest, Romania)

  • Robert FLORESCU

    (BEIA Consult International, Bucharest, Romania)

Abstract

The rising demand for electrical energy, the vast expansion in sources of renewable energy, and the emergence of cyber-physical security threats are some of the issues and risks that modern power systems face. These difficulties highlight how crucial it is to create a method for the power system to run securely and consistently. With the introduction of blockchain, innovative concepts for smart grid solutions have been invented and implemented. As one of the most secure technologies of recent years, blockchain can be adapted in different applications such as smart grid. Blockchain technology has numerous potential applications and solutions for the issues that smart grids are currently experiencing and will face in the future. Some of these issues stem from the lack of security and privacy of data collected by smart meters. This article will present some of the advantages and drawbacks of the blockchain-controlled smart grid as well as energy trading.

Suggested Citation

  • George SUCIU & Mari Anais SACHIAN & Grigor PARANGONI & Maria NICULAE & Robert FLORESCU, 2022. "Blockchain applications in smart grid," Smart Cities International Conference (SCIC) Proceedings, Smart-EDU Hub, vol. 10, pages 387-394, November.
    • Handle: RePEc:pop:procee:v:10:y:2022:p:387-394
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    References listed on IDEAS

    as
    1. Anjee Gorkhali & Ling Li & Asim Shrestha, 2020. "Blockchain: a literature review," Journal of Management Analytics, Taylor & Francis Journals, vol. 7(3), pages 321-343, July.
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    More about this item

    Keywords

    Renewable Energy; Internet of things; Cryptocurrency; Distributed Ledger;
    All these keywords.

    JEL classification:

    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation

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