An Investigation of Integration of Blockchain in Smart Grids

For improving both our economic and environmental conditions, the Smart Grid (SG) provides a concept previously unheard-of opportunity to change the energy business into one that is more dependable, efficient, and accessible. The smart grid analyses environmental and economic issues and barriers using technology like renewable energy sources (Solar & Wind). Electricity is quickly and efficiently delivered in many crowded sectors thanks to smart grids. Traditional power grids, however, find it more difficult to control power failures because to the vast number of increasing connections and a centralized approach to energy transactions. Due to its special and distinctive characteristics, blockchain as a distributed and decentralised technology has important use cases in the Smart Grid (SG) architecture. In this article, we give a brief overview of the architecture, ideas, and applications of the blockchain in smart grids. There are also several applications for smart grids based on blockchain. The research concluded with a few recommendations.