Efficient renewable energy management using blockchain technology

Abstract

Smart grids lay the groundwork for future cities. In our daily modern life we use many intelligent devices such as smart o ces, smart buildings, smart streets, and smart houses etc. All of them should be supplied by a smart energy service in order to achieve full capacity.In its application to energy infrastructures, Blockchain has several possible bene ts for Usage of energy optimally and in real-time, monitoring and trading. To help us with our ever-growing demand for clean energy resources. This research work represents a blockchain-based virtual smart grid. A smart grid tted with smart contracts is assessed and potential strengths and drawbacks are addressed, capable of carrying out virtual operations. This research work insists on developing a blockchain based smart renewable energy service with the help of Ethereum based blockchain network.