Blockchain for Future Smart Grid: A Comprehensive Survey

Abstract

The concept of smart grid has been introduced as a new vision of the conventional power grid to figure out an efficient way of integrating green and renewable energy technologies. In this way, Internet-connected smart grid, also called energy Internet, is also emerging as an innovative approach to ensure the energy from anywhere at any time. The ultimate goal of these developments is to build a sustainable society. However, integrating and coordinating a large number of growing connections can be a challenging issue for the traditional centralized grid system. Consequently, the smart grid is undergoing a transformation to the decentralized topology from its centralized form. On the other hand, blockchain has some excellent features which make it a promising application for the smart grid paradigm. In this article, we aim to provide a comprehensive survey on the application of blockchain in smart grid. As such, we identify the significant security challenges of smart grid scenarios that can be addressed by blockchain. Then, we present a number of blockchain-based recent research works presented in different literature addressing security issues in the area of smart grid. We also summarize several related practical projects, trials, and products that have emerged recently. Finally, we discuss essential research challenges and future directions of applying blockchain to smart grid security issues.