What is it about?

We propose a system that uses blockchain technology and Internet of Things (IoT) devices to measure and bill electricity consumption. Traditional metering systems are often inefficient, manual, and prone to privacy issues. The proposed system aims to solve these problems by using a decentralized blockchain network to ensure data security, transparency, and user privacy. IoT devices like smart meters are used to automatically measure electricity usage and send this data to the blockchain network. The system is designed to be scalable, energy-efficient, and secure, providing a reliable solution for both consumers and energy distributors. A prototype of the system was developed using Hyperledger Fabric and tested with a Raspberry Pi to simulate a smart meter.

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Why is it important?

This system addresses several critical issues in current electricity metering and billing practices: - Efficiency: Automates the process, reducing time and cost associated with manual meter readings. - Privacy: Ensures user data is protected through encryption and decentralized storage, preventing unauthorized access. - Transparency: Provides a clear and immutable record of electricity usage and billing, increasing trust between consumers and distributors. - Scalability: The system is designed to handle large-scale deployment in urban areas, making it suitable for widespread adoption.

Perspectives

The integration of blockchain with IoT in the energy sector represents a significant advancement in how we manage and distribute resources. This approach not only enhances operational efficiency but also aligns with the growing demand for secure and transparent systems. The potential applications extend beyond electricity to other utilities like water and gas, showcasing the versatility of blockchain technology. Future developments could explore integrating renewable energy sources and dynamic pricing models to further optimize energy consumption and distribution.

Dr. Enis Karaarslan
Mugla Sitki Kocman Universitesi

Read the Original

This page is a summary of: Blockchain Based Metering and Billing System Proposal with Privacy Protection for the Electric Network, April 2019, Institute of Electrical & Electronics Engineers (IEEE),
DOI: 10.1109/sgcf.2019.8782375.
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