GridMonitoring: Secured Sovereign Blockchain Based Monitoring on Smart Grid

Abstract

Electricity is the commonest commodity for most businesses in our world today. The use of electricity has been a breakthrough for the discovery of new technologies and has become the main driving force behind several innovations. With the introduction of smart grid systems, there have been improvements in how utility companies interact with their customers with regards to electricity use. However, since the readings are done via the Internet, there is the tendency for the data to be compromised when it gets into the hands of the wrong people. Moreover, customers mostly do not know why they pay huge amounts and which appliances use more electricity, since they are not privy to the readings. The sovereign blockchain technology, which provides transparency and provenance, is utilized in this paper to mitigate these above mentioned problems. A smart contract, which executes laid down procedures to provide a trust-based system between participants on the network is also implemented. Our system proves very efficient as the user can monitor how the electricity is used, and it also provides a platform where there is no manipulation from either party.

Keywords

• Sovereign blockchain
• smart meter
• smart grid network
• electricity
• event