Secure and efficient mutual authentication protocol for smart grid under blockchain

Abstract

With the development of smart grid technology, The relationships between utility providers and their customers over electricity use have increased. Nonetheless, because the readings are performed through the Internet, there is a likelihood that the information will be conceded if it enters into the indicators of the wrong individuals. Furthermore, because they do not have access to the readings, consumers sometimes do not understand why they pay exorbitant fees or which gadgets consume the most power. In this article, To eliminate challenges, the autonomous blockchain technology that enables accountability and attribution, is deployed. A smart contract is also created, which performs preset tasks in order to build a trust-based mechanism among network participants. Our method is extremely efficient since the user can see how the electricity is used. The proposed smart contracts are extensively explained, and they comprise energy injection into smart networks, energy bidding to submit energy demand, energy trading, and energy use. It dynamically assigns weights to each predictor based on forecasting efficacy for the final judgement on predicting the outcome of these forecasters. Even in the presence of highly changing and ambiguous load patterns, the proposed model remains valid robust and accurate.