Blockchain-Based Systems for the Modern Energy Grid
- 1st Edition - September 13, 2022
- Imprint: Academic Press
- Editors: Sanjeevikumar Padmanaban, Rajesh Kumar Dhanaraj, Jens Bo Holm-Nielsen, Sathya Krishnamoorthi, Balamurugan Balusamy
- Language: English
- Paperback ISBN:9 7 8 - 0 - 3 2 3 - 9 1 8 5 0 - 3
- eBook ISBN:9 7 8 - 0 - 3 2 3 - 9 1 8 5 1 - 0
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 researche… Read more
Purchase options
Institutional subscription on ScienceDirect
Request a sales quoteBlockchain-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
Researchers in blockchain and energy grid applications, system designers of smart grid
- Cover image
- Title page
- Table of Contents
- Copyright
- List of contributors
- Preface
- 1. Introduction—blockchain and smart grid
- Abstract
- 1.1 Blockchain
- 1.2 Blockchain versus bitcoin
- 1.3 Need of blockchain
- 1.4 Blockchain architecture
- 1.5 Blockchain versions
- 1.6 Blockchain variants
- 1.7 Distributed P2P network
- 1.8 Blockchain transaction process
- 1.9 Blockchain technology in the energy sector
- 1.10 Blockchain impacts various fields
- 1.11 Blockchain technology for smart grids
- 1.12 Limitations of blockchain technology
- 1.13 Blockchain council
- References
- 2. An introduction to blockchain technology, smart energy grids, and their integration
- Abstract
- 2.1 Introduction
- 2.2 Concept of blockchain
- 2.3 Structure of blockchain
- 2.4 Node in a blockchain
- 2.5 Introduction to smart grid
- 2.6 Microgrids
- 2.7 Smart grid in industrial IoT use cases
- 2.8 Smart grid and decentralization of energy generation
- 2.9 Advantages of smart grid
- 2.10 Issues with smart grids
- 2.11 Hurdles in smart grid
- 2.12 Putting customers in charge
- References
- 3. Transformation of smart grid to internet of energy
- Abstract
- 3.1 Introduction to smart grid
- 3.2 Structure of traditional grid
- 3.3 Features of smart grid
- 3.4 Smart grid components
- 3.5 Smart gird evolution
- 3.6 Internet of energy
- 3.7 The architecture of the internet of energy communication network
- 3.8 Transformation of smart grid to internet of energy
- 3.9 Objectives of internet of energy
- 3.10 Issues in internet of energy
- References
- 4. Blockchain for energy transactions
- Abstract
- 4.1 Introduction
- 4.2 Blockchain benefits
- 4.3 Evolution of energy grid
- 4.4 Features of the smart energy grid
- 4.5 Requirements of information and communication technology in the energy grid
- 4.6 Opportunities in smart grid
- 4.7 Potentiality of blockchain in the energy sector
- 4.8 Decentralized energy trading market
- 4.9 Use cases of blockchain-enabled energy markets
- 4.10 Blockchain projects in the energy industry around the world
- 4.11 The decentralized energy transaction model
- 4.12 Blockchain-enabled energy industries
- References
- 5. Wireless communications in energy grid
- Abstract
- 5.1 Introduction
- 5.2 Wireless communication
- 5.3 Uses of wireless communication
- 5.4 Conclusion
- References
- 6. Blockchain in internet of entities - issues and challenges
- Abstract
- 6.1 Introduction
- 6.2 History of blockchain
- 6.3 Issues and challenges faced by blockchain in internet of entities
- 6.4 Discussion
- 6.5 Conclusion
- References
- Further reading
- 7. Blockchain-based security for internet of everything
- Abstract
- 7.1 Introduction
- 7.2 A brief history of the internet of everything
- 7.3 The concept of internet of everything
- 7.4 Protection and isolation problems in internet of everything
- 7.5 Internet of everything based on blockchain with distributed ledgers
- 7.6 Application of blockchain-based security for internet of everything
- 7.7 Summary
- References
- 8. Blockchain utility in renewable energy
- Abstract
- 8.1 Overview of renewable energy and internet of energy
- References
- 9. Impact of Blockchain-IoE on economy
- Abstract
- 9.1 Introduction to blockchain in supply chain management
- 9.2 Utilization of blockchain in smart contracting functionalities
- 9.3 Management of business processes
- 9.4 Management of products
- 9.5 Significant challenges in practical implementation
- 9.6 Challenges in the workplace
- 9.7 Technical difficulties
- 9.8 Plastic recycling and circular economy—recent challenges and developments
- 9.9 Waste value analysis in the circular economy
- 9.10 Integration of sensors and AI with blockchain
- 9.11 Segregation of plastic waste using multiple sensors integrated with AI and blockchain
- 9.12 Smart contracts on the blockchain
- 9.13 The internet of things with blockchain support
- 9.14 Machine-to-machine economy based on blockchain
- References
- 10. Decentralized platform for energy exchange: a case study
- Abstract
- 10.1 Introduction
- 10.2 Smart grid
- 10.3 Recapitulation of blockchain technology
- 10.4 Permissionless vs. permissioned blockchain
- 10.5 Impediment of arbitrage-based system
- 10.6 Frameworks of blockchain-based decentralized power trading platform
- 10.7 Operational design of decentralized energy trading system
- 10.8 Life span of smart contract in Ethereum-based blockchain
- 10.9 Conclusion
- References
- 11. Peer-to-peer energy trading with blockchain: a case study
- Abstract
- 11.1 Introduction
- 11.2 Blockchain
- 11.3 Main elements of blockchain
- 11.4 Future of DL systems
- 11.5 What is immutability?
- 11.6 Cryptography+blockchain hashing process=immutability
- 11.7 SC (smart contract) through blockchain
- 11.8 Benefits of blockchain
- 11.9 Energy storage systems type
- 11.10 Pumped hydro-storage
- 11.11 Magnetic energy store that are superconducting
- 11.12 Thermal energy storage
- 11.13 Benefits of peer-to-peer energy
- 11.14 Conclusion
- References
- 12. Blockchain-enabled electric vehicle charging
- Abstract
- 12.1 Introduction
- 12.2 Types of blockchain technologies
- 12.3 Blockchain applications
- 12.4 Electric vehicle charging
- 12.5 Conclusion and future vision
- References
- 13. Blockchain-based systems for modern energy grid: a detailed view on significant applications of blockchain for the smart grid
- Abstract
- 13.1 Introduction
- 13.2 A blockchain framework for smart grid
- 13.3 Electricity data management
- 13.4 Electricity sector
- 13.5 Teleporting electricity data through a smart grid
- 13.6 Blockchain technology’s conceptual background
- 13.7 Blockchain applications for smart grid
- References
- 14. Privacy-preserving in smart grids using Ethereum and Hyperledger blockchain
- Abstract
- 14.1 Introduction
- 14.2 Literature survey
- 14.3 Privacy concerns in smart grid implementation
- 14.4 Blockchain background
- 14.5 Blockchain in smart grid
- 14.6 Characteristics of a smart grid
- 14.7 Implementation
- 14.8 Result analysis
- 14.9 Conclusion
- References
- 15. Blockchain in monitoring and automation of distribution systems
- Abstract
- 15.1 Introduction
- 15.2 Power system monitoring on distribution grids and Local Energy Communities
- 15.3 Blockchain-based services for distribution grid monitoring and automation
- Acknowledgment
- References
- 16. Blockchain-enabled energy sector management
- Abstract
- 16.1 Introduction
- 16.2 Blockchain technology
- 16.3 Forking and double-spending in blockchain technology
- 16.4 Smart contracts in blockchain technology
- 16.5 Layers and nodes in blockchain technology
- 16.6 Merkle tree and pool mining in blockchain technology
- 16.7 Trust enhanced blockchain technology
- 16.8 Blockchain-based federated learning
- 16.9 Blockchain modeling
- 16.10 Blockchain-enabled energy trading
- 16.11 Simulation
- 16.12 Conclusion
- References
- Index
- Edition: 1
- Published: September 13, 2022
- Imprint: Academic Press
- No. of pages: 346
- Language: English
- Paperback ISBN: 9780323918503
- eBook ISBN: 9780323918510
SP
Sanjeevikumar Padmanaban
Sanjeevikumar Padmanaban is a Full Professor in Electrical Power Engineering with the Department of Electrical Engineering, Information Technology, and Cybernetics of the University of South-Eastern Norway, Norway. He has over a decade of academic and teaching experience, including Associate/Assistant Professorships at the University of Johannesburg, South Africa (2016-2018), Aalborg University, Denmark (2018-2021) and the CTIF Global Capsule Laboratory at Aarhus University, Denmark (2021-present). Prof. Padmanaban received a lifetime achievement award from Marquis Who’s Who - USA 2017 for contributing to power electronics and renewable energy research, and was listed among the world’s top 2% of scientists by Stanford University, USA in 2019.
Affiliations and expertise
Professor, Department of Electrical Engineering, Information Technology, and Cybernetics, University of South-Eastern Norway, NorwayRD
Rajesh Kumar Dhanaraj
Dr. Rajesh Kumar Dhanaraj is a professor at the Symbiosis International (Deemed University) in Pune, India. His research and publication interests include cyber-physical systems, wireless sensor networks, and cloud computing. He is a senior member of the Institute of Electrical and Electronics Engineers (IEEE), a member of the Computer Science Teacher Association (CSTA) and member of the International Association of Engineers (IAENG). He is an expert advisory panel member of Texas Instruments Inc. (USA), and an associate editor of International Journal of Pervasive Computing and Communications (Emerald Publishing).
Affiliations and expertise
Professor, Symbiosis International (Deemed University), Pune, IndiaJH
Jens Bo Holm-Nielsen
Jens Bo Holm-Nielsen currently works at the Department of Energy Technology, Aalborg University and Head of the Esbjerg Energy Section. On this research, activities established the Center for Bioenergy and Green Engineering in 2009 and serve as the Head of the research group. He has vast experience in the field of Bio-refinery concepts and Biogas production–Anaerobic Digestion. Implementation projects of Bio-energy systems in Denmark with provinces and European states. He served as the technical advisory for many industries in this field. He has executed many large scale European Union and United Nation projects in research aspects of Bioenergy, bio refinery processes, the full chain of biogas and Green Engineering. He has authored more than 100 scientific papers. He was a member on invitation with various capacities in the committee for over 250 various international conferences. Focus areas Renewable Energy - Sustainability - Green jobs for all.
Affiliations and expertise
Head of the Esbjerg Energy Section, Department of Energy Technology, Aalborg University, DenmarkSK
Sathya Krishnamoorthi
Ms. Sathya Krishnamoorthi completed her B. Tech (IT), M. Tech (Information and cyberwarfare) in Department of Information Technology, the Kongu Engineering College (KEC), Tamilnadu, India. She is pursuing her PhD (Information and Communication Engineering) in Network security. Presently she is working as an assistant professor in the department of CT/UG the KEC for the past 4 years. Her area of interest includes Network Security, Computer networks. She had published over 12 articles in cryptography and network security. Her research area focused on cryptography, blockchain, network security.
Affiliations and expertise
Assistant Professor, Department of CT/UG, Kongu Engineering College (KEC), Tamilnadu, IndiaBB
Balamurugan Balusamy
Dr. Balamurugan Balusamy is currently working as an Associate Dean Student in Shiv Nadar Institution of Eminence, Delhi-NCR. He is part of the Top 2% Scientists Worldwide 2023 by Stanford University in the area of Data Science/AI/ML. He is also an Adjunct Professor, Department of Computer Science and Information Engineering, Taylor University, Malaysia. His contributions focus on engineering education, block chain, and data sciences.
Affiliations and expertise
Shiv Nadar University, Delhi-NCR, IndiaRead Blockchain-Based Systems for the Modern Energy Grid on ScienceDirect