Blockchain Secured Energy Trading for Grid Connected Renewable Energy System

Abstract

The renewable energy sources become a larger part of the power grid, managing their intermittent nature is of utmost significance. Blockchain technology provides secure and transparent path for energy trading to individuals directly with each other (peer-to-peer) in these systems. Proposed work gives a framework to monitor blockchain-based energy trading, where it tracks the parameters like how much energy is being generated and used, along with the details of trades recorded on the blockchain. It also monitors how well the automated trading agreements (smart contracts) are working and how fast the entire system is running. By keeping an eye on these aspects, the framework can help ensure this new way of trading energy with renewables is secure, transparent, and efficient.