Solar Energy Distribution Using Blockchain and IoT Integration

Abstract

This research focuses on the decentralised distribution of solar energy between networks using IoT (Internet of Things) enabled devices and Blockchain technology. IoT provides a medium for software part to interact with the physical part which is energy and transmission grid. IoT connects the physical battery containing the energy to the cloud database which is then used to interact with the software. IoT also enables the transfer of energy through the physical medium on the command given by the user through the user application. To make the system decentralized, blockchain is used, which helps to connect all the users in the network where they can transact without the need of knowing each other or having the obligation of any intermediary. Decentralisation helps in achieving a system which doesn't require any middleman and works on the cumulative trust of the nodes - often referred to as the Consensus-Based Algorithm. There are a number of such algorithms but Proof of Work (PoW) and Proof of Stake (PoS) are widely used for blockchains. We suggest using the PoW algorithm. We need to take care if the certain conditions meet before enabling any user to transact. For such condition, we used the application logic on the server side to enable a valid transaction (similar to smart contracts on Ethereum). Blockchain also offers security, transparency, immutability and customer centricity to develop the most advanced and automated platform.