Blockchain Based Domestic Appliances Scheduling in Community Microgrids

Abstract

This paper proposes an optimization model for community microgrid. The proposed scheme performs the scheduling of domestic appliances in a community microgrid using renewable energy resources. The objective of the scheme is to minimize the total operating cost in the whole community. The optimization problem is solved using the branch and bound algorithm. Blockchain (BC) technology is introduced for secure implementation of the proposed approach. Machine to machine interaction is facilitated using BC technology. The transaction information/ data is stored in the distributed shared ledger. The smart contract is used to automatically trigger the flow of electricity and the movement of funds once the necessary conditions are met.