OVERVIEW OF BLOCKCHAIN TECHNOLOGY IN SMART GRID

The smart grid idea was implemented as a new approach to the traditional power grid to find an optimal way to integrate renewable and sustainable energy innovations. In such a manner the web-connected advanced grid, often known as the power web, also appears as a unique approach at a certain time to make sure electricity from everywhere. Such innovations are primarily aimed at building a successful community. Smart Grids are an expanding technology that offers dramatic socioeconomic improvements. Data protection problems in power data usage and trading, nevertheless, pose significant obstacles in smart grid implementation. Blockchain technology has been tested for scope in the advanced grid to overcome such hurdles. Blockchain has some fantastic features that make it a successful smart grid model framework. This paper illustrates a detailed study of the smart grid implementation of Blockchain. The major security issues in smart grid environments that Blockchain can tackle is described.