| Issue |
E3S Web Conf.
Volume 591, 2024
International Conference on Renewable Energy Resources and Applications (ICRERA-2024)
|
|
|---|---|---|
| Article Number | 01007 | |
| Number of page(s) | 9 | |
| Section | Battery Management System and Power Quality | |
| DOI | https://doi.org/10.1051/e3sconf/202459101007 | |
| Published online | 14 November 2024 | |
Blockchain Technology in Energy Management Systems: Enhancing Security and Transparency
1 *Department of Computer Engineering & Applications, GLA University, Mathura
2 Assistant Professor, Department of Data Science, School of Computing, Mohan Babu University, Sree Sainath Nagar, Tirupati Andhra Pradesh 517102.
3 Assistant Professor,Department of S&H,Prince Shri Venkateshwara Padmavathy Engineering College, Chennai - 127.,vennila.c_maths@psvpec.in
4 Professor,Department of CSE,New Prince Shri Bhavani College of Engineering and Technology, Chennai - 600073, Tamil nadu,India ahila.r@newprinceshribhavani.com
5 Department of Computer Engineering,Vishwakarma Institute of Technology Pune India deepak.mane@vit.edu
6 Department of Mechanical engineering, Dr. D. Y. Patil Institute of Techology, Pimrpi, Pune,
7 Associate Professor, ECE Department, DVR & Dr. HS MIC College of Technology, Andhra Pradesh, India
Blockchain technology provides considerable promise to enhance security and transparency in energy management systems. As energy systems grow decentralized and involve various stakeholders, challenges including data integrity, transaction security, and transparency are becoming crucial. Traditional energy systems have risks such as cyberattacks, data manipulation, and inefficiencies owing to centralized control. Blockchain’s decentralized, immutable, and transparent ledger system can overcome these difficulties by enabling safe, verifiable, and tamper-proof energy transactions. Smart contracts further automate and ensure trust in energy trades. This article analyzes blockchain’s application in energy management systems, concentrating on decentralized energy trade, real-time grid balancing, and transparent billing. It also addresses the security implications of blockchain, its limitations, and future potential. While scalability and energy efficiency challenges persist, blockchain's role in constructing more resilient, secure, and transparent energy infrastructures shows promise for the future of energy management.
Key words: Blockchain / energy management / security / transparency
© The Authors, published by EDP Sciences, 2024
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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