Integration of Edge Computing-Enabled IoT Monitoring and Sharded Blockchain in a Renewable Energy-Based Smart Grid System

Abstract

An innovative cutting-edge smart grid system that integrates Internet of Things (IoT) with Blockchain technology is presented in this work. The smart grid harnesses the potential of Renewable Energy Sources (RESs) like Photovoltaic (PV) system and Wind Energy Conversion System (WECS) to meet the growing energy demands. The Edge computing enabled IoT technology and sharded blockchain is proposed to strengthen the functionality of smart grid. Moreover, the IoT infrastructure enables seamless communication and coordination between various grid components, facilitating optimal energy generation, consumption, and management. Furthermore, implementation of sharded blockchain architecture ensures secure and transparent transactions within smart grid ecosystem. The proposed smart grid system represents significant advancement in renewable energy integration, combining PV, WECS, and Energy Storage System (ESS) with edge computing enabled IoT and sharded blockchain. Through rigorous simulation and analysis, the remarkable advantages of these innovations are quantified. The sharded blockchain integration enhances transaction throughput by 300%, achieving 5000 transactions per second, while reducing confirmation latency to 3 s. It maintains 99.9% data integrity, achieves 98% privacy compliance via encryption, and exhibits robust resilience against cyber threats, securing energy-related data in the smart grid ecosystem.