Smart Contracts for Households Managed by Smart Meter Equipped with Blockchain and Chain 2
Author
Abstract

<p>Managing electricity effectively also means knowing as accurately as possible when, where and how electricity is used. Detailed metering and timely allocation of consumption can help identify specific areas where energy consumption is excessive and therefore requires action and optimization. All those interested in the measurement process (distributors, sellers, wholesalers, managers, ultimately customers and new prosumer figures - producers / consumers -) have an interest in monitoring and managing energy flows more efficiently, in real time.Smart meter plays a key role in sending data containing consumer measurements to both the producer and the consumer, thanks to chain 2. It allows you to connect consumption and production, during use and the customer’s identity, allowing billing as Time-of-Use or Real-Time Pricing, and through the new two-way channel, this information is also made available to the consumer / prosumer himself, enabling new services such as awareness of energy consumption at the very moment of energy use.This is made possible by latest generation devices that "talk" with the end user, which use chain 2 and the power line for communication.However, the implementation of smart meters and related digital technologies associated with the smart grid raises various concerns, including, privacy. This paper provides a comparative perspective on privacy policies for residential energy customers, moreover, it will be possible to improve security through the blockchain for the introduction of smart contracts.</p>

Year of Publication
2022
Conference Name
2022 11th International Conference on Renewable Energy Research and Application (ICRERA)
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