A Decentralized Network to Secure Smart Grid Transactions Using Ethereum on RISC-V

Abstract

Increasing demand of renewable energy is driving the energy producers towards secured and decentralized network for energy trading. A decentralized framework could mitigate security threats in smart grid. Blockchain based smart contracts could improve the need of interaction producer and consumer by implementing reliable distributed transactions. This help to reduce interaction of third parties which causes security vulnerability. A decentralized infrastructure using Ethereum is proposed in this study. Ethereum keeps the track of transactions taken place from the consumers to the supply industries using crypto algorithms. Creating private node using Ethereum framework facilities the decentralization, anonymity, transparency and secure in the network. A private node using RISC-V platform is demonstrated in this paper. Smart contracts for the energy trading is written on solidity remix simulator and further validated on U540 RISC-V platform. End to end energy trading in smart grid using private Ethereum blockchain is demonstrated. Performance of the transaction, encryption and reliability of the application is validated over the platform.