Decentralized Phasor Measurement Unit Data Management on the Ethereum Blockchain

Abstract

PMU Contract is a Solidity-based smart contract implemented on the Ethereum blockchain that aims to simplify the decentralized management of Phasor Measurement Unit (PMU) data. Solidity., which is tailored for smart contract creation., is the core of this novel solution. PMUs are critical in monitoring electrical characteristics in power systems., and PMU Contract creates a safe and transparent environment for the smooth recording., registration., and retrieval of PMU data. This contract., with its strong foundation., helps to the integrity and accessibility of critical information in the ever-changing context of power system management. The proposed work concentrated on smart contracts used for power trading or microgrid applications since they affect not only financial losses but also the operational integrity of smart grids., making this research crucial. Also proposed smart contract provides the foundation for keeping and retrieving PMU data on the Ethereum blockchain., guaranteeing that only registered PMUs can record data. It also promotes openness by allowing anybody to query the recorded data for a particular PMU. The smart contract test scenario given here exhibits resilience in data recording., security measures., and historical data retrieval. The theoretical approach used in building and testing the contract is consistent with the Ethereum blockchain's core concepts of decentralized and transparent data management.