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Title: Blockchain for Smart Grid Resilience: Exchanging Distributed Energy at Speed, Scale and Security

Abstract

Blockchain may help solve several complex problems related to integrity and trustworthiness of rapid, distributed, complex energy transactions and data exchanges. In a move towards resilience, blockchain commoditizes trust and enables automated smart contracts to support auditable multiparty transactions based on predefined rules between distributed energy providers and customers. Blockchain based smart contracts also help remove the need to interact with third-parties, facilitating the adoption and monetization of distributed energy transactions and exchanges, both energy flows as well as financial transactions. This may help reduce transactive energy costs and increase the security and sustainability of distributed energy resource (DER) integration, helping to remove barriers to a more decentralized and resilient power grid.

Authors:
;
Publication Date:
Research Org.:
Pacific Northwest National Lab. (PNNL), Richland, WA (United States)
Sponsoring Org.:
USDOE
OSTI Identifier:
1434882
Report Number(s):
PNNL-SA-126013
453060031
DOE Contract Number:  
AC05-76RL01830
Resource Type:
Conference
Resource Relation:
Conference: Resilience Week (RWS 2017), September 18-22, 2017, Wilmington, Deleware, 18-23
Country of Publication:
United States
Language:
English
Subject:
Blockchain; resilience; transactive energy; smart grid; cybersecurity; grid cybersecurity; crytopgraphy

Citation Formats

Mylrea, Michael E., and Gourisetti, Sri Nikhil Gup. Blockchain for Smart Grid Resilience: Exchanging Distributed Energy at Speed, Scale and Security. United States: N. p., 2017. Web. doi:10.1109/RWEEK.2017.8088642.
Mylrea, Michael E., & Gourisetti, Sri Nikhil Gup. Blockchain for Smart Grid Resilience: Exchanging Distributed Energy at Speed, Scale and Security. United States. doi:10.1109/RWEEK.2017.8088642.
Mylrea, Michael E., and Gourisetti, Sri Nikhil Gup. Mon . "Blockchain for Smart Grid Resilience: Exchanging Distributed Energy at Speed, Scale and Security". United States. doi:10.1109/RWEEK.2017.8088642.
@article{osti_1434882,
title = {Blockchain for Smart Grid Resilience: Exchanging Distributed Energy at Speed, Scale and Security},
author = {Mylrea, Michael E. and Gourisetti, Sri Nikhil Gup},
abstractNote = {Blockchain may help solve several complex problems related to integrity and trustworthiness of rapid, distributed, complex energy transactions and data exchanges. In a move towards resilience, blockchain commoditizes trust and enables automated smart contracts to support auditable multiparty transactions based on predefined rules between distributed energy providers and customers. Blockchain based smart contracts also help remove the need to interact with third-parties, facilitating the adoption and monetization of distributed energy transactions and exchanges, both energy flows as well as financial transactions. This may help reduce transactive energy costs and increase the security and sustainability of distributed energy resource (DER) integration, helping to remove barriers to a more decentralized and resilient power grid.},
doi = {10.1109/RWEEK.2017.8088642},
journal = {},
number = ,
volume = ,
place = {United States},
year = {2017},
month = {9}
}

Conference:
Other availability
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