Blockchain adoption and security management of large scale industrial renewable-based systems: Knowledge-based approach

Abstract

Smart networks, e.g., smart grids (SGs) as complex interconnected systems have become more complex and require greater processing and communication capabilities due to the growing use of renewable energy (RE). In addition to being a reliable method for collecting and managing information, wireless networks (WNs) are capable of enhancing the performance of RE management. As a result of wireless data transfer risks and centralized power trades, SGs using WNs are unable to provide the security of the electricity market or ensure a high level of RE utilization. Blockchains (BCs), which are new technologies that enable data sharing, are gaining popularity, and it is thought to be able to address these issues. A BC-based, reliable power-exchange scheme is presented for SGs using WNs in this study. Using the BC for recording power data obtained from the WNs allows the smart contract for making appropriate trades according to the information. Energy trading and RE consumption are more efficient in a dual-chain architecture that consists of local energy trade BCs and RE trade BCs. A BC-based RE incentive framework is designed to have greater stability and scale among RE producers. Overall, the proposed technique not only can provide higher security and reliability to the system but also can mitigate fraud, as well as providing less operation cost for the system. Ultimately, the 56-bus test feeder layout is used to validate the framework.