Smart grids with distributed clean energy generation, storage and prosumers are the future of energy systems. They need two-way digital communication between multiple customers and suppliers of energy, to produce, buy and sell electricity to the grid at small scales. These arrangements need a system that maintains, checks, and registers information about transactions. Blockchain technology is able to handle these requirements with smart contracts, peer-to-peer energy trading and immutable transactions. A blockchain is a digital ledger of transactions that can be accessed...
Smart grids with distributed clean energy generation, storage and prosumers are the future of energy systems. They need two-way digital communication ...