A review of the applications of the Block-chain technology in smart devices and dis-tributed renewable energy grids

Abstract

In this paper we make a critical review of the existing technology in the smart cities and smart grid paradigms from the security perspective. First we summarize the findings about the evolution of renewable technology over time and in particular the benefits of a Cost reduction potential for solar and wind power in the period 2015-2025. Then we build from existing sources to highlight different ways for efficiency improvement in solar panel solutions during 1975-2015. Next we analyze growth of the smart metering and smart grid technology in the world. Also, the existing Blockchain solutions are critically reviewed in regard to cyber infrastructure security. From these findings we conclude that there is an increasing need for developing new Blockchain solutions in the smart grids ecosystem.