Proposed framework for blockchain technology in a decentralised energy network
Abstract The integration of distributed renewable energy sources into the conventional power grid has become a hot research topic, all part of attempts to reduce greenhouse gas emission. There are many distributed renewable energy sources available and the network participants in energy delivery hav...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
SpringerOpen
2021-09-01
|
| Series: | Protection and Control of Modern Power Systems |
| Subjects: | |
| Online Access: | https://doi.org/10.1186/s41601-021-00209-8 |
| _version_ | 1819122616199282688 |
|---|---|
| author | Oliver Dzobo Bessie Malila Lindokhuhle Sithole |
| author_facet | Oliver Dzobo Bessie Malila Lindokhuhle Sithole |
| author_sort | Oliver Dzobo |
| collection | DOAJ |
| description | Abstract The integration of distributed renewable energy sources into the conventional power grid has become a hot research topic, all part of attempts to reduce greenhouse gas emission. There are many distributed renewable energy sources available and the network participants in energy delivery have also increased. This makes the management of the new power grid with integrated distributed renewable energy sources extremely complex. Applying the technical advantages of blockchain technology to this complex system to manage peer-to-peer energy sharing, transmission, data storage and build smart contracts between network participants can develop an optimal consensus mechanism within the new power grid. This paper proposes a new framework for the application of blockchain in a decentralised energy network. The microgrid is assumed to be private and managed by local prosumers. An overview description of the proposed model and a case study are presented in the paper. |
| first_indexed | 2024-12-22T06:55:17Z |
| format | Article |
| id | doaj.art-7c9478058f43458a806b4a2a4b7b7fd6 |
| institution | Directory Open Access Journal |
| issn | 2367-2617 2367-0983 |
| language | English |
| last_indexed | 2024-12-22T06:55:17Z |
| publishDate | 2021-09-01 |
| publisher | SpringerOpen |
| record_format | Article |
| series | Protection and Control of Modern Power Systems |
| spelling | doaj.art-7c9478058f43458a806b4a2a4b7b7fd62022-12-21T18:34:59ZengSpringerOpenProtection and Control of Modern Power Systems2367-26172367-09832021-09-016111110.1186/s41601-021-00209-8Proposed framework for blockchain technology in a decentralised energy networkOliver Dzobo0Bessie Malila1Lindokhuhle Sithole2Department of Electrical & Electronic Engineering Science, University of JohannesburgDepartment of Biomedical Engineering, University of Cape TownDepartment of Electrical & Electronic Engineering Science, University of JohannesburgAbstract The integration of distributed renewable energy sources into the conventional power grid has become a hot research topic, all part of attempts to reduce greenhouse gas emission. There are many distributed renewable energy sources available and the network participants in energy delivery have also increased. This makes the management of the new power grid with integrated distributed renewable energy sources extremely complex. Applying the technical advantages of blockchain technology to this complex system to manage peer-to-peer energy sharing, transmission, data storage and build smart contracts between network participants can develop an optimal consensus mechanism within the new power grid. This paper proposes a new framework for the application of blockchain in a decentralised energy network. The microgrid is assumed to be private and managed by local prosumers. An overview description of the proposed model and a case study are presented in the paper.https://doi.org/10.1186/s41601-021-00209-8Blockchain technologyDistributed renewable energy sourcesEnergy deliverySmart contractDistributed cloud storage system |
| spellingShingle | Oliver Dzobo Bessie Malila Lindokhuhle Sithole Proposed framework for blockchain technology in a decentralised energy network Protection and Control of Modern Power Systems Blockchain technology Distributed renewable energy sources Energy delivery Smart contract Distributed cloud storage system |
| title | Proposed framework for blockchain technology in a decentralised energy network |
| title_full | Proposed framework for blockchain technology in a decentralised energy network |
| title_fullStr | Proposed framework for blockchain technology in a decentralised energy network |
| title_full_unstemmed | Proposed framework for blockchain technology in a decentralised energy network |
| title_short | Proposed framework for blockchain technology in a decentralised energy network |
| title_sort | proposed framework for blockchain technology in a decentralised energy network |
| topic | Blockchain technology Distributed renewable energy sources Energy delivery Smart contract Distributed cloud storage system |
| url | https://doi.org/10.1186/s41601-021-00209-8 |
| work_keys_str_mv | AT oliverdzobo proposedframeworkforblockchaintechnologyinadecentralisedenergynetwork AT bessiemalila proposedframeworkforblockchaintechnologyinadecentralisedenergynetwork AT lindokhuhlesithole proposedframeworkforblockchaintechnologyinadecentralisedenergynetwork |