IoT and Blockchain-Based Smart Grid Energy Management

Abstract

Efficiency, security, and transparency have been improved by the smart grid energy management system's combination of IoT and blockchain technologies. Real-time data is collected by IoT devices, and safe transactions are recorded in a decentralized ledger using blockchain. In this chapter, the important elements have been discussed with distributed ledgers, smart meters, and sensors. Demand response, integration of renewable energy sources, and grid resilience have been enhanced by successful implementations. Issues related to interoperability, privacy, and scalability are tackled. The use of AI and ML in energy management, demand forecasting, and anomaly detection is also described in this chapter.