Blockchain Applications in Smart Grid Systems

Abstract

Blockchain has been implemented in several application in smart grid systems, such as data management and cybersecurity in utility grid systems. In addition, blockchain has been deployed in peer-to-peer electricity trading in microgrid systems. Due to the promising Blockchain features, it is considered as a good fit for energy trading. However, Blockchain applications in power grids are in their infancy so there are many research opportunities in this field. This paper reviews the existing applications of Blockchain in power grids and suggests some new opportunities for applying this technology, especially in enhancing the resiliency of power grids.