Building a Stronger Grid: How Blockchain Can Improve Smart Grid Resilience

Smart grids are a critical component of the energy sector, enabling more efficient and sustainable energy management. A vital part of the energy industry, smart grids allow for more effective and sustainable energy management. These grids, however, undergo severe resilience and security issues. In order to address these issues, blockchain enhances data security, privacy, and transparency. This article gives a general overview of blockchain technology, outlining its definition, key characteristics, and several classifications. It then analyzes various blockchain-based solutions for smart grid resilience, including peer-to-peer energy trading, decentralized energy management, safe data sharing, grid maintenance and optimization. It provides case studies of blockchain-based strategies for smart grid resilience that have been put into practice globally. The article covers the technical difficulties of deploying blockchain-based smart grid systems, including scalability, interoperability, cost and evaluates the advantages and drawbacks of each approach. Overall, this paper aims to provide a comprehensive overview of the potential of blockchain technology for improving smart grid resilience and efficiency.