Development of Blockchain In Smart Grid Using IoT

Abstract

For Smart Grid management, people rely on Trusted Third Party (TTP) administration-based Centralized systems, which lack security, faith, immutability, and clarity. This paper proposes a Smart Grid management system based on Blockchain and IoT, taking advantage of the ’Ethereum server’ capabilities to solve these problems. To control access privileges, a smart contract is used, and a customized version of IPFS software is used to enforce the established access-control list. To secure Grid management, an application framework for a secure decentralized smart Grid system is proposed using Ethereum and IoT. Every transaction was hashed using Ethereum Server, and identities were authenticated using Metamask to cryptographically recognize account ownership in the Blockchain system. In the private Ethereum network, a gas consumption-based outcome analysis is performed. It achieves transparency, security-regulated access, and process quality, all of which indicate that this activity is more effective.