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Singapore , Haryana , India , Delhi , Ludhiana , Punjab , United-states , Bangalore , Karnataka , Mumbai , Maharashtra , America

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India , Sanjay-sarma , Vellore-gautam-menon , Varun-aggarwal , Ramesh-hariharan , Mathematical-sciences , Life-sciences-biological , Ashoka-university , Graph-neural-networks-gnns , Graph-neural-network-computer-science-engineering , India-national-science-day , Christian-medical-college

Reports from Thapar Institute of Engineering & Technology Describe Recent Advances in Communication Technology (Electroblocks: a Blockchain-based Energy Trading Scheme for Smart Grid Systems)


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Tech Daily News
2021 MAY 11 (NewsRx) -- By a News Reporter-Staff News Editor at Tech Daily News -- Current study results on Technology - Communication Technology have been published. According to news reporting originating from Punjab, India, by NewsRx correspondents, research stated, “Smart grid systems are widely used across the world for providing demand response management between users and service providers. In most of the energy distributions scenarios, the traditional grid systems use the centralized architecture, which results in large transmission losses and high overheads during power generation.”
Our news editors obtained a quote from the research from the Thapar Institute of Engineering & Technology, “Moreover, owing to the presence of intruders or attackers, there may be a mismatch between demand and supply between utility centers (suppliers) and end users. Thus, there is a need for an automated energy exchange to provide secure and reliable energy trading between users and suppliers. We found, from the existing literature, that blockchain can be an effective solution to handle the aforementioned issues. Motivated by these facts, we propose a blockchain-based smart energy trading scheme,ElectroBlocks, which provides efficient mechanisms for secure energy exchanges between users and service providers. InElectroBlocks, nodes in the network validate the transaction using two algorithms that are cost aware and store aware. The cost-aware algorithm locates the nearest node that can supply the energy, whereas the store-aware algorithm ensures that the energy requests go to the node with the lowest storage space. We evaluated the performance of theElectroBlocksusing performance metrics such as mining delay, network exchanges, and storage energy.”

Patiala , Punjab , India , United-states , Sudeep-tanwar , Neeraj-kumar , Shriya-kaneriya , Sherali-zeadally , Energy-trading-scheme-for-smart-grid-systems , Thapar-institute-of-engineering-technology , International-journal-of-communication-systems , Computer-sciences-engineering