Power System Management Using Distributed Ledger Technologies

Abstract

The integration of Distributed Ledger Technologies (DLT), such as blockchain, in power system management is rapidly gaining attention for its potential to enhance grid transparency, security, and operational efficiency. This paper explores the role of DLT in power systems, focusing on decentralized energy trading, grid data integrity, and smart contract-based automation for demand response. It highlights the benefits of DLT in managing distributed energy resources (DERs), securing transactions, and improving trust among stakeholders. Challenges related to scalability, energy consumption, and regulatory compliance are also discussed. Case studies from pilot projects demonstrate promising results, underscoring DLT’s transformative potential in modernizing power grids.