Power line monitoring-based consensus algorithm for performance enhancement of energy blockchain applications in Smart Grid 2.0
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Power_Line_Monitoring-Based_Co ...
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Authors
Yapa, CharithriDe Alwis, Chamitha
Wijewardhana, Uditha Lakmal
Liyanage, Madhusanka
Ekanayake, Janaka
Affiliation
University of Sri JayewardenepuraUniversity of Bedfordshire
University College Dublin
University of Peradeniya
Cardiff University
Issue Date
2024-08-21Subjects
process analysis toolkitsmart contracts
power quality detection
formal model verification
energy-efficient consensus mechanism
blockchain
consensus algorithm
Subject Categories::J910 Energy Technologies
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Show full item recordAbstract
Energy blockchain applications are becoming inevitable with the transformation of electricity distribution networks into the decentralized Smart Grid 2.0 architecture. The scalability of the blockchain platform plays a key role in catering to the increasing number of nodes connected due to consumer-turned-prosumers being integrated into the distribution grid in a distributed manner. Hence, this study aims to optimize blockchain utilization for Smart Grid 2.0 applications through a novel consensus mechanism, which eliminates the requirement for performing additional complex computations to mine a new block. The algorithm utilizes the grid monitoring process through the existing smart meters, and thus has been capable of reducing the energy footprint for block mining to a fraction of that of the legacy Proof-of-Work algorithm, and reducing the block creation time by ∼<60% . The proposed Power Line Monitoring-based Consensus Mechanism (PLMC) algorithm is validated using the Process Analysis Toolkit (PAT). In addition, data collected while monitoring the network for block mining is utilized for power quality measurement purposes.Citation
Yapa C, De Alwis C, Wijewardhana U, Liyanage M, Ekanayake J (2024) 'Power line monitoring-based consensus algorithm for performance enhancement of energy blockchain applications in Smart Grid 2.0', IEEE Transactions on Smart Grid, 16 (1), pp.277-287.Journal
IEEE Transactions on Smart GridAdditional Links
https://ieeexplore.ieee.org/document/10643430Type
ArticleLanguage
enISSN
1949-3053Sponsors
10.13039/501100001602-Science Foundation Ireland under CONNECT Phase 2 Project (Grant Number: 13/RC/2077_P2) 10.13039/501100003009-Science and Technology Human Resource Development Project, Ministry of Higher Education, Sri Lanka 10.13039/100004425-Asian Development Bank (Grant Number: R3/SJ/14)ae974a485f413a2113503eed53cd6c53
10.1109/TSG.2024.3445659
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