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Blockchain and Smart Grids: Opportunities, Open Issues, and Future Prospects

In: Handbook of Smart Energy Systems

Author

Listed:
  • Seyed Mahdi Bohloul

    (Old Dominion University)

  • Anjee Gorkhali

    (Susquehanna University)

Abstract

The concept of smart grids has emerged as an innovative solution to address the persistent challenges faced by conventional power grids. Propelled by technologies such as the Internet of Things (IoT), wireless sensor networks (WSNs), and smart metering, it has facilitated the reliable, efficient, and sustainable provision of energy resources. However, concerns remain about such issues as security and P2P energy trading. As a decentralized network, blockchain has been recognized as a promising technology that can offer higher security, transparency, and immutability to smart grids. This chapter explains how blockchain can be applied to make the current grids more intelligent. Moreover, the significant barriers to implementing blockchain-based smart grids are discussed. In conclusion, the path forward for developing decentralized smart grids is described.

Suggested Citation

  • Seyed Mahdi Bohloul & Anjee Gorkhali, 2023. "Blockchain and Smart Grids: Opportunities, Open Issues, and Future Prospects," Springer Books, in: Michel Fathi & Enrico Zio & Panos M. Pardalos (ed.), Handbook of Smart Energy Systems, pages 2155-2176, Springer.
  • Handle: RePEc:spr:sprchp:978-3-030-97940-9_159
    DOI: 10.1007/978-3-030-97940-9_159
    as

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