Role of Blockchain IoT in Smart Building for Distributed Renewable Power

Abstract

Blockchain and IoT technology have transformed smart buildings, especially in distributed renewable power systems. Blockchain IoT plays a key role in integrating renewable energy sources into smart building systems. IoT devices and sensors provide real-time data collecting and monitoring of energy use and production allowing renewable power resource management and optimization. Blockchain technology improves data security, transparency, and immutability, guaranteeing energy-related transactions and information exchange are trustworthy. A decentralised ledger system allows stakeholders to trade energy transparently and efficiently, creating a peer-to-peer energy exchange network in smart buildings and boosts energy system dependability, resilience, carbon footprint reduction, and sustainable energy practises. Thus, Blockchain IoT and smart buildings enable the creation of robust, energy-efficient ecosystems that prioritize renewable power sources, reshaping energy management and sustainability.