HOW BLOCKCHAIN BASED CLOUD COMPUTING BENEFIT RENEWABLE ENERGY INDUSTRY?

Abstract

Blockchain technology is a distributed ledger with records of data containing all details of the transactions carried out and distributed among the nodes present in the network. All the transactions carried out in the system are confirmed by consensus mechanisms, and the data once stored cannot be altered. Blockchain technology is the necessary technology behind Bitcoin, which is a popular digital Cryptocurrency. ''Cloud computing is a practice of using a network of remote servers hosted on the internet to store, manage, and process data, rather than a local server or a personal computer and high computational power. It is still facing many challenges like data security, data management, compliance, reliability. In this article, we have mentioned some of the significant challenges faced by the cloud and proposed solutions by integrating it with blockchain technology. Many devices connected to grid help in exchange of information with power system using cloud computing. INDEX TERMS Cloud computing, Blockchain Technology, data security, decentralization.