E-Books →Blockchain Technology for Smart Grids Implementation, management and security

English | 2022 | ISBN: 978-1839535352 | 326 pages | True PDF | 12.57 MB
Smart grids with distributed clean energy generation, storage and prosumers are the future of energy systems. They need two-way digital communication between multiple customers and suppliers of energy, to produce, buy and sell electricity to the grid at small scales. These arrangements need a system that maintains, checks, and registers information about transactions.
Blockchain technology is able to handle these requirements with smart contracts, peer-to-peer energy trading and immutable transactions. A blockchain is a digital ledger of transactions that can be accessed across the entire network of computer systems. Combined with sensors to track energy flows, blockchain can enable the smart grid.