Discipline: Technology and Engineering
Subcategory: Electrical Engineering
Room: Marriott Balcony B
Micah Hall - Prairie View A&M University
Because electricity-generated carbon emissions are the driving force behind our rapidly declining ecosystem, renewable energy is continuously being driven down by decentralized energy markets globally. Domestic utility companies ‘ prices have risen in the last decade by 15%. Because of this increase, home and business owners are weaning towards a green, cost-effective initiative for generating energy. Solar Panels are an accessible, cost-effective, and environmentally friendly alternative. Solar panels operate enabling photos or light particles to knock electron atoms free producing energy. It’s essential to examine the pros and cons of being on and off-grid residences and corporations. Off-grid users have full control of their system but bear the costs of maintaining their system. On-grid users have limited control; they’re compensated for their access energy at a percentage of its price. The energy is then put back into the network where it’ll be used for another customer. If a Peer-to-Peer (P2P) incentive to energy distribution was put in place, this means trading, buying, and selling energy directly without the help of a third party, intermediary, or a middleman. Meaning all transactions would be considered private and fair. A P2P incentive will only work on a secure network. Blockchain is a shared, distributed database that promotes a business network’s process of registering operations and monitoring resources. In a blockchain-based energy trading platform, there are many severe problems, such as low effectiveness, high transaction costs, and safety and privacy issues. The blockchain network itself uses cryptographic techniques, consensus algorithms, and smart contacts, to assure data validity but data validity is uncertain. The science behind these cryptographic technologies is compiled from the data stored on the blockchain of public and private cryptography. Consensus algorithms achieve precision in the Blockchain network and build confidence among unidentified peers in the distributed computing environment. Smart contracts are used digitally to facilitate, verify, or implement a contract’s negotiation or execution. It’s vital to verify possible security breaches within a system and ways to avoid them. In this paper, we examine a permitted blockchain network that uses Ethereum private networks and smart contracts to meet the growing amount of renewable energy production to provide a peer-to-peer energy distribution network. This study focuses on extending a smart contract encryption capacity to safeguard the Internet of Things (IoT) depicted in the smart grid framework by multiple embedded systems. For the debate of optimized system layout, preliminary findings are acquired through an open-source simulation platform. This research is sponsored by the NSF HBCU-IP Targeted Infusion project entitled “Enriching Computing Curricula through HPC Teaching and Research.” (Award # HRD-1332566)
Funder Acknowledgement(s): This research is sponsored by the NSF HBCU-IP Targeted Infusion project entitled 'Enriching Computing Curricula through HPC Teaching and Research.' (Award # HRD-1332566)
Faculty Advisor: Dr. Suxia Cui, email@example.com
Role: Simulation analysis.