Smart Grid Using Permissioned Blockchain

Abstract

As a distributed ledger, blockchain technology is used to store, secure, and execute interactions in smart grids between entities. This study suggests an automated peer-to-peer electricity market development platform for micro-grids, based on blockchain technology and the multi-agent system paradigm. There are several benefits to using a permissioned blockchain network. Advantages because it makes microtransactions possible and lowers transaction costs. Additionally, a development. After security is achieved, the single point of failure in the administration and control of the platform in addition to making it possible to track back participants' behaviour and a identifying mechanism Additionally, by utilizing ring signatures and Zero-Knowledge Proof protocols, it offers the chance to establish a decentralized and democratic energy market while adhering to the laws and regulations now in place regarding user privacy and data protection.