Skip to main content
SpringerLink
Log in

SG_BIoT: Integration of Blockchain in IoT Assisted Smart Grid for P2P Energy Trading

  • Conference paper
  • First Online:
Proceedings of the International Conference on Paradigms of Computing, Communication and Data Sciences

Part of the book series: Algorithms for Intelligent Systems ((AIS))

Abstract

The demand for energy has increased exponentially over the last decade, directing the trend towards modernizing the electricity requirements using renewable energy resources. The demand has led to the development of smart grid infrastructure which identifies and responds to native electricity requirements using grid automation, intelligent substations, and smart meters. Smart grids have led to the evolution of microgrid technology which allows the user to distribute generation on small scale rather than centralized generation. In microgrids, the centralized control is provided through renewable resources. However, the use of IoT devices in the grid system increases the vulnerability to compromise the grid system because of it’s centralized behavior. This paper proposes a system that provides resilience and security by integrating blockchain in smart grids. The decentralization of smart grid impacts the electricity distribution that drives the energy market towards an optimal resource sharing environment which enables an efficient energy trading scheme with high security. The backtraceability nature of blockchain eases the process of accounting for customers transaction and electricity billing. Thus, electricity can be provided whenever and wherever.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 169.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 219.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 219.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Thakore R, Vaghashiya R, Patel C, Doshi N (2019) Blockchain-based IoT: a survey. Procedia Comput Sci 155:704–709

    Article  Google Scholar 

  2. Le-Dang Q, Le-Ngoc T (2019) Scalable blockchain-based architecture for massive IoT reconfiguration. In: 2019 IEEE Canadian conference of electrical and computer engineering (CCECE), pp 1–4. IEEE

    Google Scholar 

  3. Priya JC, Bhama PRS, Swarnalaxmi S, Safa AA, Elakkiya I (2018) Blockchain centered homomorphic encryption: a secure solution for e-balloting. In: International conference on Computer Networks, Big data and IoT, pp 811–819. Springer, Berlin

    Google Scholar 

  4. Chakraborty RB, Pandey M, Rautaray SS (2018) Managing computation load on a blockchain–based multi–layered Internet–of–Things network. Procedia Comput Sci 132:469–476

    Article  Google Scholar 

  5. Chandra Priya J, Sathia Bhama PRK (2018) Disseminated and decentred blockchain secured balloting: apropos to India. In: 2018 tenth international conference on advanced computing (ICoAC), pp 323–327. IEEE

    Google Scholar 

  6. Fan K, Sun S, Yan Z, Pan Q, Li H, Yang Y (2019) A blockchain-based clock synchronization scheme in IoT. Future Gener Comput Syst 101:524–533

    Article  Google Scholar 

  7. Khan MA, Salah K (2018) IoT security: review, blockchain solutions, and open challenges. Future Gener Comput Syst 82:395–411

    Article  Google Scholar 

  8. Lee C, Kim H, Maharjan S, Ko K JWK (2019) Blockchain explorer based on RPC-based monitoring system. In: 2019 IEEE international conference on blockchain and cryptocurrency (ICBC), pp 117–119. IEEE

    Google Scholar 

  9. Rathore S, Kwon BW, Park JH (2019) BlockSecIoTNet: blockchain-based decentralized security architecture for IoT network. J Netw Comput Appl 143:167–177

    Article  Google Scholar 

  10. Reyna A, Martín C, Chen J, Soler E, Díaz M (2018) On blockchain and its integration with IoT. Challenges and opportunities. Future Gener Comput Syst 88:173–190

    Google Scholar 

  11. Hossein KM, Esmaeili ME, Dargahi T (2019) Blockchain-based privacy-preserving healthcare architecture. In: 2019 IEEE Canadian conference of electrical and computer engineering (CCECE), pp 1–4. IEEE

    Google Scholar 

  12. Yu S, Lv K, Shao Z, Guo Y, Zou J, Zhang B (2018) A high performance blockchain platform for intelligent devices. In: 2018 1st IEEE international conference on hot information-centric networking (HotICN), pp 260–261. IEEE

    Google Scholar 

  13. Wang R, He J, Liu C, Li Q, Tsai WT, Deng E (2018) A privacy-aware PKI system based on permissioned blockchains. In: 2018 IEEE 9th international conference on software engineering and service science (ICSESS), pp 928–931. IEEE

    Google Scholar 

  14. Lee H, Sung K, Lee K, Lee J, Min S (2018) Economic analysis of blockchain technology on digital platform market. In: 2018 IEEE 23rd Pacific Rim international symposium on dependable computing (PRDC), pp 94–103. IEEE

    Google Scholar 

  15. Dittmann G, Jelitto J (2019) A blockchain proxy for lightweight IoT devices. In: 2019 Crypto valley conference on blockchain technology (CVCBT), pp 82–85. IEEE

    Google Scholar 

  16. Banno R, Shudo K (2019) Simulating a blockchain network with SimBlock. In: 2019 IEEE international conference on blockchain and cryptocurrency (ICBC), pp 3–4. IEEE

    Google Scholar 

  17. Wang R, Tsai WT, He J, Liu C, Li Q, Deng E (2019) A video surveillance system based on permissioned blockchains and edge computing. In: 2019 IEEE international conference on big data and smart computing (BigComp), pp 1–6. IEEE

    Google Scholar 

  18. Lou J, Zhang Q, Qi Z, Lei K (2018) A blockchain-based key management scheme for named data networking. In: 2018 1st IEEE international conference on hot information-centric networking (HotICN), pp 141–146. IEEE

    Google Scholar 

  19. Niya SR, Schiller E, Cepilov I, Maddaloni F, Aydinli K, Surbeck T, Stiller B (2019) Adaptation of proof-of-stake-based blockchains for IoT data streams. In: 2019 IEEE international conference on blockchain and cryptocurrency (ICBC), pp 15–16. IEEE

    Google Scholar 

  20. Li Y, Rahmani R, Fouassier N, Stenlund P, Ouyang K (2019) A blockchain-based architecture for stable and trustworthy smart grid. Procedia Comput Sci 155:410–416

    Article  Google Scholar 

  21. Wang X, Yang W, Noor S, Chen C, Guo M, van Dam KH (2019) Blockchain-based smart contract for energy demand management. Energy Procedia 158:2719–2724

    Article  Google Scholar 

  22. Metke AR, Ekl RL (2010) Security technology for smart grid networks. IEEE Trans Smart Grid 1(1):99–107

    Article  Google Scholar 

  23. Mengelkamp E, Gärttner J, Rock K, Kessler S, Orsini L, Weinhardt C (2018) Designing microgrid energy markets: a case study: The Brooklyn Microgrid. Appl Energy 210:870–880

    Article  Google Scholar 

  24. Ye F, Qian Y, Hu RQ (2015) An identity-based security scheme for a big data driven cloud computing framework in smart grid. In: 2015 IEEE global communications conference (GLOBECOM), pp 1–6. IEEE

    Google Scholar 

  25. Mylrea M, Gourisetti SNG (2017) Blockchain for smart grid resilience: exchanging distributed energy at speed, scale and security. In: 2017 Resilience Week (RWS), pp 18–23. IEEE

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Anna University, MIT Campus, Chennai, India

    J. Chandra Priya, V. Ramanujan, P. Rajeshwaran & Ponsy R. K. Sathia Bhama

Authors
  1. J. Chandra Priya
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. V. Ramanujan
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. P. Rajeshwaran
    View author publications

    You can also search for this author in PubMed Google Scholar

  4. Ponsy R. K. Sathia Bhama
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to J. Chandra Priya .

Editor information

Editors and Affiliations

  1. Department of Computer Engineering, National Institute of Technology, Kurukshetra, Kurukshetra, India

    Mayank Dave

  2. Department of Computer Engineering, National Institute of Technology, Kurukshetra, Kurukshetra, India

    Ritu Garg

  3. Department of Computer Engineering, National Institute of Technology, Kurukshetra, Kurukshetra, India

    Mohit Dua

  4. School of Information Technology, Deakin University, Geelong, VIC, Australia

    Jemal Hussien

Rights and permissions

Reprints and permissions

Copyright information

© 2021 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Chandra Priya, J., Ramanujan, V., Rajeshwaran, P., Sathia Bhama, P.R.K. (2021). SG_BIoT: Integration of Blockchain in IoT Assisted Smart Grid for P2P Energy Trading. In: Dave, M., Garg, R., Dua, M., Hussien, J. (eds) Proceedings of the International Conference on Paradigms of Computing, Communication and Data Sciences. Algorithms for Intelligent Systems. Springer, Singapore. https://doi.org/10.1007/978-981-15-7533-4_43

Download citation

  • DOI: https://doi.org/10.1007/978-981-15-7533-4_43

  • Published:

  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-15-7532-7

  • Online ISBN: 978-981-15-7533-4

  • eBook Packages: EngineeringEngineering (R0)

Publish with us

Policies and ethics

Search

Navigation