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Blockchain in Smart Grids

Genderen, T.R. van (2018) Blockchain in Smart Grids.

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Abstract:Current cryptocurrencies like Bitcoin are a successful implementation of blockchain technology. However, blockchains can be applied to much more sectors, possibly the energy sector. In order to estimate whether this is possible a brief look at smart grids is taken and afterwards the working of a blockchain together with its security is analyzed. As of now, there are still some complications with applying a blockchain to a smart grid. There are some problems with the blockchain, like the mining energy, but also with energy, since energy is not something one can transfer from one place to another. On top of that, also the political complication of having a central entity exist. All in all, it might be possible to apply a blockchain in smart grid, but the complications are still there. Future improvement in blockchain technology and political adjustments will show if it becomes reality.
Item Type:Essay (Bachelor)
Faculty:EEMCS: Electrical Engineering, Mathematics and Computer Science
Subject:31 mathematics
Programme:Applied Mathematics BSc (56965)
Link to this item:http://purl.utwente.nl/essays/75571
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