Abstract
Energy has always been one of the fundamental elements in the growth of human society. It is crucial that we improve our energy management due to the ever-growing imbalance in demand-supply. The new wave in the energy sector is characterized by the three D's of decarbonization, decentralization, and digitalization. For a sustainable life, it is necessary that energy is tapped from alternative sources that are renewable to leave a minimal carbon footprint. To integrate different sources with the main power grid, we require two-way communication among them. This makes it indispensable that consumers are empowered to protect their privacy and make them the sole owners of their data. A good access control scheme would ensure security of data, and an efficient trading platform would ensure judicious use of the resources. Here, we propose a framework URJA with an access control scheme and an energy trading platform based on blockchain for a smart grid. The locally available renewable sources of energy are connected to the grid such that demand-supply is managed effectively without loss of efficiency and privacy. A customized consensus scheme based on trust ensures a quick operation in real-time.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.