Blockchain Technology Application in Improving of Energy Efficiency and Power Quality

Abstract

This article presents one of the many uses of blockchain technology in the power grid, especially for improving energy efficiency and power quality. As a key element, it will show you how to use the blockchain technology to store in a decentralized way the data collected by existing intelligent sensors or which can be mounted in the power system. The purpose of this article is to present the point of view of the need to improve the energy system generated by the many problems arising from its age and its incompatibility with new production and consumption technologies. Blockchain implementation will be low and medium voltage, where the most affected are final consumers (whether household or industrial) that have started to have new energy-efficient technologies but have an unpredictable consumption that cannot be anticipated, thus increasing network losses. The article also contains data on energy efficiency in a decentralized energy system through the use of new IT technologies and, in particular, by involving consumers who will have a double role as part of the blockchain.