BLOCKCHAIN SECURITY TO PREVENT CYBER THREATS IN SMART ELECTRIC POWER SYSTEMS

Abstract

Over the past few years, using blockchain technology as one of the new approaches to improve the physical and cyber security of the power system has gained relevance. Blockchain can also be used to increase social welfare and give customers access to renewable energy. The next generation of power grid infrastructure, known as the Smart Power Grid, uses smart ICT (Information Communication Technology) to improve existing grid systems. It was created to overcome the drawbacks of one-way existing grid systems. With the demand for renewable energy sources, the Smart grid is anticipated to increase future power systems' efficiency and reliability significantly. Cybersecurity for the Smart Power Grid is becoming a significant issue. Since cyber-attacks by malevolent hackers can harm energy data and result in the leakage of personal information from grid members, they can cause serious incidents like massive outages and the destruction of power network infrastructure. Therefore, we will propose a secure smart energy management system built on the blockchain to fix this problem. The blockchain is a distributed data processing technology that allows for the distribution and storing of data by all network participants. By integrating blockchain technology into the Smart Grid, energy data may be managed more securely. Additionally, this will help the future growth of the smart energy sector.