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Abstract

Blockchain is a technology, which could revolutionize many industries in the future. A system like that is based on a chain of blocks that is used for storing and transferring various data, forming a decentralized ledger. Although various fundamental projects based on the blockchain system in the energy industry are in their early stage of development, as well as other solutions, applications of blockchain technology in the broadly understood power engineering sector are considered to have a very large potential. This paper presents a brief description of the blockchain technology, its general operating principle and the possibilities it brings. The next section of the article contains a characterization of two exemplary and possible blockchain technology applications, which in the perspective of time may have a significant impact on the power engineering sector. The first solution is related to carrying out energy transactions, which could be conducted in an easy way directly between energy producers and consumers. Thanks to blockchain technology, this could lead to a partial decentralization in that area. The second proposed example concerns energy resources origin tracking, which would allow fixed origin attributes and parameters affecting the environment to be assigned to the generated energy. By implementing that solution, it would be possible to construct a fuel footprint of individual generating units. The article also mentions examples of other potential applications of blockchain technology in the power engineering sector.

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Authors and Affiliations

Daniel Mrowiec
Michał Sołtysik
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Abstract

In a smart city environment, Intelligent Transportation System (ITS) enables the vehicle to generate and communicate messages for safety applications. There exists a challenge where the integrity of the message needs to be verified before passing it on to other vehicles. There should be a provision to motivate the honest vehicles who are reporting the true event messages. To achieve this, traffic regulations and event detections can be linked with blockchain technology. Any vehicle violating traffic rules will be issued with a penalty by executing the smart contract. In case any accident occurs, the vehicle nearby to the spot can immediately send the event message to Unmanned Aerial Vehicle (UAV). It will check for its credibility and proceed with rewards. The authenticity of the vehicle inside the smart city area is verified by registering itself with UAVs deployed near the city entrance. This is enabled to reduce the participation of unauthorized vehicles inside the city zone. The Secure Hash Algorithm (SHA256) and Elliptic Curve Digital Signature Algorithm (ECDSA-192) are used for communication. The result of computation time for certificate generation and vehicles involvement rate is presented.
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Authors and Affiliations

Suganthi Evangeline
1
Ashmiya Lenin
2
Vinoth Babu Kumaravelu
3

  1. Department of Electronics and Communication Engineering, Karunya Institute of Technology and Sciences, Coimbatore, India
  2. PG Scholar in Communication Systems, Karunya Institute of Technology and Sciences, Coimbatore, India
  3. School of Electronics Engineering, VIT University, Vellore, India

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