A Cost Analysis of Implementing a Blockchain Architecture in a Smart Grid Scenario Using Sidechains

Abstract

Smart grid systems have become popular and necessary for the development of a sustainable power grid. These systems use different technologies to provide optimized services to the users of the network. Regarding computing, these systems optimize electrical services by processing a large amount of the data generated. However, privacy and security are essential in this kind of system. With a large amount of data generated, it is necessary to protect the privacy of users, because this data may reveal the users’ personal information. Today, blockchain technology has proven to be an efficient architecture for solving privacy and security problems in different scenarios. Over the years, different blockchain platforms have emerged, attempting to solve specific problems in different areas. However, the use of different platforms fragmented the market, which was no different in the smart grid scenario. This work proposes a blockchain architecture that uses sidechains to make the system scalable and adaptable. We used three blockchains to ensure privacy, security, and trust in the system. To universalize the proposed solution, we used the Open Smart Grid Protocol and smart contracts. The results show that architecture security and privacy are guaranteed, making it feasible for implementation in real systems; although scalability issues regarding the storage of the data generated still exist.