Blockchain Impact on AI Powered Virtual Power Plant (AI-VPP)

Abstract: AI and blockchain will play a key role in our economy to deliver a data-driven approach to promote and enhance sustainability. Collection of data sets from different areas like energy, environmental, health care, food, and public safety to analyze consumer spending, predictive analysis, and regulatory compliance are key factors in developing an innovative strategy for sustainability challenges. These KPIs and analytics will help the public, government, and corporations to ensure optimized ways to maintain ethical standards, identify potential risks, and drive innovative ideas to overcome the challenges. Block chain (distributed ledger) for data sharing is more relevant to sharing critical information with the public and private sectors. Block chain delivers an effective track-and-trace approach to understand the root cause and shift the focus towards a sustainable future and circular economy. The energy sector is the most promising and is awarding AI and blockchain technology frameworks for the net zero and climate change agendas. Energy generation, distribution, and utilization data sets collected and analyzed over a period at different regions are the critical elements to plan a greener economy and sustainable future for everyone. Understanding the consumer’s energy utilization behavior and their contribution to the greener economy is the most important factor. Keeping humans in loop strategies on automated demand response (ADR) programs that feed useful data to the AI platform is needed. Developing AI agents to help and designing deep learning models are the initial steps to establish an optimal baseline to work on. Let’s contribute and enhance AI capabilities for sustainability.