Abstract
This chapter describes a distributed smart grid application for smart cities that enables peer-to-peer energy trading to reduce resource consumption and create a greener, cleaner planet. Future smart cities built with blockchain technology will place a strong emphasis on resource conservation in order to create a greener, cleaner planet. Blockchain has a variety of applications that can help smart cities save more energy. A blockchain-based network, for instance, can be used to track citizens’ energy usage. Additionally, residents can exchange surplus electricity for incentives with other members. The chapter evinces a proposed framework for the smart grid. Implementation of work has been done by acutely utilizing blockchain technology as the voguish technology possesses profuse strengths including transparency, open-source, immutability, etc. The paramount part of the microgrid is its controller, implemented by using a smart contract of the blockchain that automatically modulates the smart grid functionality predominantly. Energy producers, consumers, and administrators are indispensable in the system. In this work, the profound implementation including smart contracts has been expounded chronologically. The work is limited by a single smart contract for a single type of grid system. A combination of multiple such types of systems fabricates an absolute smart grid.
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Malsa, N., Srivastave, T., Sahni, U., Garg, S., Ghosh, A., Shaw, R.N. (2023). SMART CITIES: P2P Energy Trading Using Blockchain. In: Shaw, R.N., Paprzycki, M., Ghosh, A. (eds) Advanced Communication and Intelligent Systems. ICACIS 2022. Communications in Computer and Information Science, vol 1749. Springer, Cham. https://doi.org/10.1007/978-3-031-25088-0_60
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