Blockchain-Based Smart Grids

Blockchain-Based Smart Grids presents emerging applications of blockchain in electrical system and looks to future developments in the use of blockchain technology in the energy market. Rapid growth of renewable energy resources in power systems and significant developments in the telecommunication systems has resulted in new market designs being employed to cover unpredictable and distributed generation of electricity. This book considers the marriage of blockchain and grid modernization, and discusses the transaction shifts in smart grids, from centralized to peer-to-peer structures. In addition, it addresses the effective application of these structures to speed up processes, resulting in more flexible electricity systems.

Aimed at moving towards blockchain-based smart grids with renewable applications, this book is useful to researchers and practitioners in all sectors of smart grids, including renewable energy providers, manufacturers and professionals involved in electricity generation from renewable sources, grid modernization and smart grid applications.

Considers the current challenges facing smart grids and presents solutions on how blockchain technology could counter these issuesIncorporates detailed applications of blockchain in smart grids based on dynamic research and developmentsIncludes models, algorithms, and frameworks to practically demonstrate the uses of blockchain technologyWritten by a global group of authors for worldwide coverage

1. Introductory chapter: An overview of the book 2. A panorama of applications of blockchain technology to energy 3. Transition towards blockchain-based electricity trading market 4. Decentralized operation of interdependent power and energy networks: Blockchain and security 5. The role of various market participants in blockchain business model 6. Blockchain and its application fields in both power economy and demand side management 7. Blockchain-based demand response using prosumers scheduling 8. Blockchain in decentralized demand-side control of microgrids 9. Blockchain for decentralized optimization of energy sources: EV charging coordination via blockchain-based charging power quota trading 10. Islanded microgrid management based on blockchain communication 11. Blockchain-based protection schemes of DC microgrids