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PROJECT TITLE :

Blockchain-based Distributed Renewable Energy Management Framework

ABSTRACT:

The majority of countries around the world are working toward lowering their emissions of harmful gases. A few of the world's governments have made significant efforts to find solutions to this issue. For instance, Saudi Arabia has made significant strides to utilize renewable energy (RE) sources in addition to traditional sources of energy such as oil and gas. Consumers are encouraged to construct their own home renewable energy systems. People will be able to fulfill their daily requirements for electrical energy with the assistance of these small grids. They are able to sell the surplus to additional customers. Managing the distribution and sales of real estate is one of the most significant challenges. The implementation of a distributed real estate management system could be hampered by a number of factors; however, Blockchain-based peer-to-peer (P2P) networks could help mitigate these issues (DREMS). However, there are still likely to be a number of obstacles in the way of its implementation. Productivity and scalability are two of the most important factors to take into consideration. The rise in the total number of people using the Blockchain network will be mirrored by an equivalent increase in the number of transactions that are uploaded to the ledger. Because of this, the response time will be significantly delayed. Gaining an understanding of the system that distributes renewable energy will help in mitigating the negative effects of these obstacles. As a result, the purpose of this research is to determine the methodologies for the installation of RE systems, as well as the applications for Blockchain technology. It fulfills the requirements of any DREMS system with its solution. In addition to this, it suggests a brand new framework for DREMS that is based on Blockchain technology. And designs a number of the proposed framework's selective protocols. It provides a comparative analysis to evaluate the ability of the proposed protocols to meet the requirements that have been identified.


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