Mid Sweden University

miun.sePublications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Blockchain in the energy grid: Investigating power consumption and viability of blockchain based solutions
Mid Sweden University, Faculty of Science, Technology and Media, Department of Information Systems and Technology.
2021 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [sv]

Den här rapporten fokuserar på användningen av blockchain-baserad teknik i elnätet där energikonsumtionen kommer att vara i fokus. Rapportens frågeställning är vilka för- och nackdelar det finns med användningen av blockchain där fokus ligger på energikonsumtionen. Det här görs för att undersöka om blockchain är en bra lösning för framtidens smarta elnät. För att svara på detta så undersöktes först relevanta vetenskapliga artiklar och sedan började en undersökning av projekt som jobbar med blockchain-baserade plattformar för att hitta vad blockchain används till samt vilka för- och nackdelar som fanns med dessa användningar och implementationer. Energikonsumtionen undersöktes genom att implementera en nod som kopplades upp mot en testversion av en plattform som använder sig av blockchain. Nodens energikonsumtion mättes medan noden hanterade transaktioner över nätverket. Slutsatsen av den här undersökningen var trots att många projekt inte verkar komma någonstans så verkar flera projekt och dess lösningar lovande. De flesta implementerade plattformarna använder blockchain för smarta kontrakt som automatiserar handeln av el. Andra vanliga användningar var att ha en blockchain-baserad valuta för handel samt att lagra all data som nätverket behöver i blockchain. Mätningarna som gjordes visade även att noden i sig själv inte drar mycket ström så förutsatt att en effektiv algoritm används för validering så finns det potential för användning av blockchain i smarta elnät.

Abstract [en]

This report covers the usage of blockchain in the energy grid along with a closer look at the power consumption of an energy distribution platform using blockchain based solutions. The question this study tried to answer was if blockchain based solutions for the power grid was a viable option and what benefits and disadvantages that comes with using blockchain based solutions. To answer this question there was first a study of relevant research papers along with an investigation of current blockchain based platforms to determine their advantages and disadvantages. The study took a closer look at one of the biggest issues with blockchain, the power consumption to answer the question regarding how viable blockchain is for the energy grid. To investigate the power consumption a node was set up and connected to a test version of one of the researched platforms. Transactions was made over the node while the power consumption was being measured and then evaluated. The research concluded while there seems to be a lot of projects without progress in the field there is plenty of promising solutions and usages of blockchain. Using blockchain for smart contract to automate peer to peer trading in the energy grid along with using blockchain to store data related to energy production and consumption seems promising. The measurements done also showed that a node consumes low amounts of power and if the network can settle for an energy efficient consensus algorithm there is quite a lot of potential for blockchain solutions in the energy grid.

Place, publisher, year, edition, pages
2021. , p. 44
Keywords [en]
Blockchain, Smart grid, Energy web chain, Openethereum
National Category
Software Engineering
Identifiers
URN: urn:nbn:se:miun:diva-42389Local ID: DDT-V21-G3-010OAI: oai:DiVA.org:miun-42389DiVA, id: diva2:1573876
Subject / course
Computer Engineering DT1
Educational program
Master of Science in Engineering - Computer Engineering TDTEA 300 higher education credits
Supervisors
Examiners
Available from: 2021-06-28 Created: 2021-06-28 Last updated: 2021-06-28Bibliographically approved

Open Access in DiVA

No full text in DiVA

Search in DiVA

By author/editor
Kåhre, Fredrik
By organisation
Department of Information Systems and Technology
Software Engineering

Search outside of DiVA

GoogleGoogle Scholar

urn-nbn

Altmetric score

urn-nbn
Total: 205 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf