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%.
Recommended Citation
L. Vishwakarma et al., "SmartGrid-NG: Blockchain Protocol For Secure Transaction Processing In Next Generation Smart Grid," ACM International Conference Proceeding Series, pp. 174 - 185, Association for Computing Machinery (ACM), Jan 2024.
The definitive version is available at https://doi.org/10.1145/3631461.3631554
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
