Blockchain Technology on Smart Grid, Energy Trading, and Big Data: Security Issues, Challenges, and Recommendations
Mohammad Kamrul Hasan, Ali Alkhalifah, Shayla Islam, Nissrein Babiker Mohammed Babiker, A.K.M. Ahasan Habib, Azana Hafizah Mohd Aman, Md. Arif Hossain
Abstract
The smart grid idea was implemented as a modern interpretation of the traditional power grid to find out the most efficient way to combine renewable energy and storage technologies. Throughout this way, big data and the Internet always provide a revolutionary solution for ensuring that electrical energy linked intelligent grid, also known as the energy Internet. The blockchain has some significant features, making it an applicable technology for smart grid standards to solve the security issues and trust challenges. This study will present a rigorous review of blockchain implementations with the cyber security perception and energy data protections in smart grids. As a result, we describe the major security issues of smart grid scenarios that big data and blockchain can solve. Then, we identify a variety of recent blockchain‐based research works published in various literature and discuss security concerns on smart grid systems. We also discuss numerous similar practical designs, experiments, and items that have recently been developed. Finally, we go through some of the most important research problems and possible directions for using blockchain to address smart grid security concerns.