Developing a Secure, Smart Microgrid Energy Market using Distributed Ledger Technologies

Lehlogonolo P.I. Ledwaba; Gerhard P. Hancke; Sherrin J. Isaac; Hein S. Venter

doi:10.1109/INDIN41052.2019.8972018

Developing a Secure, Smart Microgrid Energy Market using Distributed Ledger Technologies

Lehlogonolo P.I. Ledwaba
, Gerhard P. Hancke
, Sherrin J. Isaac
, Hein S. Venter

Department of Computer Science

Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 32 - Refereed conference paper (with host publication) › peer-review

10 Citations (Scopus)

Abstract

The ability for the smart microgrid to allow for the independent generation and distribution of electrical energy makes it an attractive solution towards enabling universal access to electricity within developing economies. Distributed Ledger Technologies (DLTs) are being considered as an enabling technology for the secure energy trade market however the high processing, energy and data exchange requirements may make them unsuitable for the Industrial Internet of Things technologies used in the implementation of the microgrid and the limited connectivity infrastructure in developing technologies. This work serves to assess the suitability of DLTs for IIoT edge node operation and as a solution for the microgrid energy market by considering node transaction times, operating temperature, power consumption, processor and memory useage, in addition to mining effort and end user costs.

Original language	English
Title of host publication	Proceedings - 2019 IEEE 17th International Conference on Industrial Informatics (INDIN)
Publisher	IEEE
Pages	1725-1728
Number of pages	4
ISBN (Electronic)	978-1-7281-2927-3
DOIs	https://doi.org/10.1109/INDIN41052.2019.8972018
Publication status	Published - 23 Jul 2019
Event	17th IEEE International Conference on Industrial Informatics (INDIN2019) - Aalto University, Helsinki-Espoo, Finland Duration: 22 Jul 2019 → 25 Jul 2019 https://www.indin2019.org

Publication series

Name	IEEE International Conference on Industrial Informatics (INDIN)
Volume	2019-July
ISSN (Print)	1935-4576

Conference

Conference	17th IEEE International Conference on Industrial Informatics (INDIN2019)
Abbreviated title	INDIN'19
Place	Finland
City	Helsinki-Espoo
Period	22/07/19 → 25/07/19
Internet address	https://www.indin2019.org

Bibliographical note

Information for this record is supplemented by the author(s) concerned.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy
SDG 9 Industry, Innovation, and Infrastructure

Research Keywords

IoT Embedded Devices
Smart Microgrid
Distributed Ledger Technology
Blockchain Applications
Industry 4.0
IoT security
Performance testing

Access Output

10.1109/INDIN41052.2019.8972018

Other Access Options

Check CityUHK Library

Permanent Link

Right click to copy link

Cite this

Ledwaba, L. P. I., Hancke, G. P., Isaac, S. J., & Venter, H. S. (2019). Developing a Secure, Smart Microgrid Energy Market using Distributed Ledger Technologies. In Proceedings - 2019 IEEE 17th International Conference on Industrial Informatics (INDIN) (pp. 1725-1728). Article 8972018 (IEEE International Conference on Industrial Informatics (INDIN); Vol. 2019-July). IEEE. https://doi.org/10.1109/INDIN41052.2019.8972018

@inproceedings{06f0737bac984cc698bce7426b622d4e,

title = "Developing a Secure, Smart Microgrid Energy Market using Distributed Ledger Technologies",

abstract = "The ability for the smart microgrid to allow for the independent generation and distribution of electrical energy makes it an attractive solution towards enabling universal access to electricity within developing economies. Distributed Ledger Technologies (DLTs) are being considered as an enabling technology for the secure energy trade market however the high processing, energy and data exchange requirements may make them unsuitable for the Industrial Internet of Things technologies used in the implementation of the microgrid and the limited connectivity infrastructure in developing technologies. This work serves to assess the suitability of DLTs for IIoT edge node operation and as a solution for the microgrid energy market by considering node transaction times, operating temperature, power consumption, processor and memory useage, in addition to mining effort and end user costs.",

keywords = "IoT Embedded Devices, Smart Microgrid, Distributed Ledger Technology, Blockchain Applications, Industry 4.0, IoT security, Performance testing",

author = "Ledwaba, \{Lehlogonolo P.I.\} and Hancke, \{Gerhard P.\} and Isaac, \{Sherrin J.\} and Venter, \{Hein S.\}",

note = "Information for this record is supplemented by the author(s) concerned.; 17th IEEE International Conference on Industrial Informatics (INDIN2019), INDIN'19 ; Conference date: 22-07-2019 Through 25-07-2019",

year = "2019",

month = jul,

day = "23",

doi = "10.1109/INDIN41052.2019.8972018",

language = "English",

series = "IEEE International Conference on Industrial Informatics (INDIN)",

publisher = "IEEE",

pages = "1725--1728",

booktitle = "Proceedings - 2019 IEEE 17th International Conference on Industrial Informatics (INDIN)",

address = "United States",

url = "https://www.indin2019.org",

}

Ledwaba, LPI , Hancke, GP, Isaac, SJ & Venter, HS 2019, Developing a Secure, Smart Microgrid Energy Market using Distributed Ledger Technologies. in Proceedings - 2019 IEEE 17th International Conference on Industrial Informatics (INDIN)., 8972018, IEEE International Conference on Industrial Informatics (INDIN), vol. 2019-July, IEEE, pp. 1725-1728, 17th IEEE International Conference on Industrial Informatics (INDIN2019), Helsinki-Espoo, Finland, 22/07/19. https://doi.org/10.1109/INDIN41052.2019.8972018

Developing a Secure, Smart Microgrid Energy Market using Distributed Ledger Technologies. / Ledwaba, Lehlogonolo P.I.; Hancke, Gerhard P.; Isaac, Sherrin J. et al.
Proceedings - 2019 IEEE 17th International Conference on Industrial Informatics (INDIN). IEEE, 2019. p. 1725-1728 8972018 (IEEE International Conference on Industrial Informatics (INDIN); Vol. 2019-July).

Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 32 - Refereed conference paper (with host publication) › peer-review

TY - GEN

T1 - Developing a Secure, Smart Microgrid Energy Market using Distributed Ledger Technologies

AU - Ledwaba, Lehlogonolo P.I.

AU - Hancke, Gerhard P.

AU - Isaac, Sherrin J.

AU - Venter, Hein S.

N1 - Information for this record is supplemented by the author(s) concerned.

PY - 2019/7/23

Y1 - 2019/7/23

N2 - The ability for the smart microgrid to allow for the independent generation and distribution of electrical energy makes it an attractive solution towards enabling universal access to electricity within developing economies. Distributed Ledger Technologies (DLTs) are being considered as an enabling technology for the secure energy trade market however the high processing, energy and data exchange requirements may make them unsuitable for the Industrial Internet of Things technologies used in the implementation of the microgrid and the limited connectivity infrastructure in developing technologies. This work serves to assess the suitability of DLTs for IIoT edge node operation and as a solution for the microgrid energy market by considering node transaction times, operating temperature, power consumption, processor and memory useage, in addition to mining effort and end user costs.

AB - The ability for the smart microgrid to allow for the independent generation and distribution of electrical energy makes it an attractive solution towards enabling universal access to electricity within developing economies. Distributed Ledger Technologies (DLTs) are being considered as an enabling technology for the secure energy trade market however the high processing, energy and data exchange requirements may make them unsuitable for the Industrial Internet of Things technologies used in the implementation of the microgrid and the limited connectivity infrastructure in developing technologies. This work serves to assess the suitability of DLTs for IIoT edge node operation and as a solution for the microgrid energy market by considering node transaction times, operating temperature, power consumption, processor and memory useage, in addition to mining effort and end user costs.

KW - IoT Embedded Devices

KW - Smart Microgrid

KW - Distributed Ledger Technology

KW - Blockchain Applications

KW - Industry 4.0

KW - IoT security

KW - Performance testing

UR - https://www.scopus.com/pages/publications/85079031611

UR - https://www.scopus.com/record/pubmetrics.uri?eid=2-s2.0-85079031611&origin=recordpage

U2 - 10.1109/INDIN41052.2019.8972018

DO - 10.1109/INDIN41052.2019.8972018

M3 - RGC 32 - Refereed conference paper (with host publication)

T3 - IEEE International Conference on Industrial Informatics (INDIN)

SP - 1725

EP - 1728

BT - Proceedings - 2019 IEEE 17th International Conference on Industrial Informatics (INDIN)

PB - IEEE

T2 - 17th IEEE International Conference on Industrial Informatics (INDIN2019)

Y2 - 22 July 2019 through 25 July 2019

ER -

Developing a Secure, Smart Microgrid Energy Market using Distributed Ledger Technologies

Abstract

Publication series

Conference

Bibliographical note

UN SDGs

Research Keywords

Access Output

Other Access Options

Permanent Link

Other Files and Links

Fingerprint

IEEE IES STUDENT & YOUNG PROFESSIONALS PAPER ASSISTANCE (IES-SYPA)

17th IEEE International Conference on Industrial Informatics (INDIN2019)

Cite this

Developing a Secure, Smart Microgrid Energy Market using Distributed Ledger Technologies

Abstract

Publication series

Conference

Bibliographical note

UN SDGs

Research Keywords

Access Output

Other Access Options

Permanent Link

Other Files and Links

Fingerprint

Prizes

IEEE IES STUDENT & YOUNG PROFESSIONALS PAPER ASSISTANCE (IES-SYPA)

Activities

17th IEEE International Conference on Industrial Informatics (INDIN2019)

Cite this