Decentralized energy optimization using blockchain with battery storage and electric vehicle networks

Abstract

The research is aimed at filling the gap regarding the development of long-lasting, secure technologies that help build decentralized systems. Other consensus models, such as the Proof of Work (PoW), prevailing in cryptocurrencies, are known to be expensive in terms of energy, hence the development of enlightened models like Proof of Lightweight Hash, whereby while developing the model, an emphasis is placed on energy efficiency without compromising on security. At the same time, new technologies such as battery storage and electric vehicles are disrupting consumer habits where renewable energy is favored, and a decentralized energy market is promoted. It hails the aspect of fine access control provided by blockchain in addition to decentralization; a permission system is vital for any entities that require strict access control due to the nature of the data they hold. Blockchain in IoT and AI makes strategies innovative, adaptable, large-scale, and inclusive to make unique changes that benefit different industries and need scalability. Due to this combining of energy innovations and digital technologies, both energy and data networks become nearer to consumers, advocating sustainable, efficient urbanism. Altogether, these improvements will lead toward the emergence of systems that, aside from being technologically innovative, are also environmentally sustainable and protected. So the interaction of technology, ecological stability, and viable security provides the basis for a cleaner, stronger, de-centralized future as applied to advanced technologies, thus inculcating an equilibrium and stronger society.