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H. Malik, A. Manzoor, M. Ylianttila and M. Liyanage, "Performance Analysis of Blockchain based Smart Grids with Ethereum and Hyperledger Implementations," 2019 IEEE International Conference on Advanced Networks and Telecommunications Systems (ANTS), GOA, India, 2019, pp. 1-5, doi: 10.1109/ANTS47819.2019.9118072

Performance analysis of blockchain based smart grids with Ethereum and Hyperledger implementations

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Author: Malik, Hamid1; Manzoor, Ahsan2; Ylianttila, Mika1;
Organizations: 1Centre for Wireless Communications, University of Oulu, Finland
2Rovio Entertainment Company, Espoo, Finland
3School of Computer Science, University College Dublin, Ireland
Format: article
Version: accepted version
Access: open
Online Access: PDF Full Text (PDF, 0.6 MB)
Persistent link: http://urn.fi/urn:nbn:fi-fe2020102387508
Language: English
Published: Institute of Electrical and Electronic Engineers, 2019
Publish Date: 2020-10-23
Description:

Abstract

Smart grids lay the foundation for future communities. Smart homes, smart buildings, smart streets, and smart offices are built when intelligent devices piles on intelligent devices. To reach the maximum capacity, they all must be supported by an intelligent power supply. For optimal and real-time electricity consumption, monitoring and trading, blockchain posses several potential benefits in its application to electricity infrastructure. To analyze the performance of the blockchain-based smart grid, this paper presents a virtual smart grid. A smart grid equipped with smart contracts, capable of executing virtual activities is evaluated and possible strengths and weaknesses are discussed. The paper draws a performance analysis of the blockchain-based smart grid by using the Ethereum and Hyperledger Fabric-based implementations.

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Series: International Conference on Advanced Networks and Telecommunication Systems
ISSN: 2153-1676
ISSN-E: 2153-1684
ISSN-L: 2153-1676
ISBN: 978-1-7281-3715-5
ISBN Print: 978-1-7281-3716-2
Pages: 1 - 5
DOI: 10.1109/ANTS47819.2019.9118072
OADOI: https://oadoi.org/10.1109/ANTS47819.2019.9118072
Host publication: 2019 IEEE International Conference on Advanced Networks and Telecommunications Systems (ANTS), Goa, India
Conference: IEEE International Conference on Advanced Networks and Telecommunications Systems (ANTS)
Type of Publication: A4 Article in conference proceedings
Field of Science: 213 Electronic, automation and communications engineering, electronics
Subjects:
Blockchain
Ethereum
Hyper Ledger
Performance
Scalability
Smart Contract
Smart Grid
Article
Funding: This research is funded by Academy of Finland under SECUREConnect, 6Genesis Flagship (grant 318927) projects and by European Union under RESPONSE 5G (Grant No: 789658) project.
Academy of Finland Grant Number: 318927
Detailed Information: 318927 (Academy of Finland Funding decision)
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