Abstract

With the advent of Blockchain and the Internet of Things (IoT), the Smart Grid is a rapidly growing technology in decentralized energy distribution and trading. However, this advancement came with some serious cyber security challenges and attacks, such as single-point failure due to a centralized architecture of smart grids, slow transaction processing, emerging cybersecurity threats, double-spending, fork, and fault tolerance. We propose a comprehensive framework for the smart grid called SmartGrid-NG to solve all these issues. Instead of using blockchain as a blackbox plugin tool, we also propose a reputation-based blockchain protocol called GridChain to increase the performance of blockchain-based smart grid systems. The security analysis illustrates that the SmartGrid-NG withstands the attacks mentioned above. The performance analysis also states that the consensus delay is reduced to 80%, throughput is increased up to 60%, and computation overhead and energy consumption are reduced up to 70%.

Department(s)

Computer Science

Keywords and Phrases

Blockchain Protocol; Consensus Algorithm; Energy Distribution; Green Energy; Smart Grid

Document Type

Article - Conference proceedings

Document Version

Citation

File Type

text

Language(s)

English

Rights

© 2024 Association for Computing Machinery, All rights reserved.

Publication Date

04 Jan 2024

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