Applications of Blockchain Technology in Modern Power Systems: A Brief Survey

Xiuli Wang, Fang Yao and Fushuan Wen
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Xiuli Wang: School of Electric Power, Civil Engineering and Architecture, Shanxi University, Taiyuan 030013, China
Fang Yao: School of Electric Power, Civil Engineering and Architecture, Shanxi University, Taiyuan 030013, China
Fushuan Wen: College of Electrical Engineering, Zhejiang University, Hangzhou 310027, China

Energies, 2022, vol. 15, issue 13, 1-22

Abstract: In the context of modern power system development to support the evolution towards green energy and carbon-neutral emission goals, many existing problems and even challenges demand new technical solutions. In recent years, decentralized blockchain technology has been employed to address some problems in power systems, and many papers have been published. In this paper, the concept of blockchain is first introduced. A brief survey of the existing publications regarding the applications of blockchain in power systems, including power system dispatching, microgrid operation, energy trading, electricity trading settlement, transmission, and distribution system operation, is then carried out. In addition, several application scenarios of blockchain technology in power systems are also introduced. Through the discussion, we found that we still need to weigh the advantages and disadvantages, overcome its leakage, and bring its value into play if we apply blockchain technology in modern power systems in support of zero carbon goals.

Keywords: power system; blockchain; information technology; literature survey (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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