Blockchain Applications and Challenges in Smart grid

Abstract

Recently the interest in renewable energy has been increased worldwide. Therefore, the microgrid is considered more efficient and flexibility to improve the economic and environmental conditions by integrating the traditional distributed energy resources using technology devices and information technology (IT). Blockchain is one of these technologies, which has attracted in microgrid applications to build a sustainable society. The blockchain concept can provides immutability of the transactions in the microgrid such as record the amount of power generation and verify the transaction between the generators and end-users. blockchain based smart contract can be used for audit or solving a transaction dispute between the producers and the users by strip the necessity to link with third parties. In this paper, we present a number of recent research works related with blockchain application in microgrid and the application of the blockchain to improve the transactive resilience in the microgrid using smart contract.