Cloud-based edge fusion for smart grid powered by blockchain technology

In the new generation of power grids, the smart grid (SG) integrates sophisticated characteristics, including situation awareness, two-way communication, and distributed energy supplies. Integrated SG uses various operational metrics, including devices with sensors, meters, and renewable power sources. There are several challenges when securely disposing and storing electricity data acquired from an SG. It is vulnerable to cyberattacks due to its digitization and integration of an increasing number of links. Issues with latency, security, privacy, and excessive bandwidth consumption will arise when this enormous amount of data is transmitted directly to the cloud. Edge computing (EC) solves this problem by moving data processing to the network’s periphery, close to the embedded devices. With improved data processing speeds, a more responsive and resilient grid may be achieved, instantly responding to energy demand and supply changes. EC reduces the volume of sensitive data sent to central servers, reducing potential security breaches. Data may be better protected from intrusions by being analyzed locally and only pertinent information transferred to the cloud. Thus, a blockchain is an intriguing SG paradigm solution with many benefits. The SG’s decentralization and improved cybersecurity have prompted a lot of work into using blockchain technology; since it is well-known that data saved in the blockchain is immutable, it is crucial to find foolproof ways to verify data are accurate and comply with high-quality standards before storing it in the blockchain. A practical solution for storing precise power data that enables the safe execution of adaptable transactions is a Cloud-Edge Fusion Blockchain model for the smart grid (CEFBM-SG). Consequently, the SG’s dependability, resilience, and scalability will be improved as the number of distributed energy sources (DERs) connected to it increases. Utilizing the idea of computing at the edge to enhance responsiveness and dependability. Executed security analyses and performance evaluations demonstrate CEFBM-SG’s exceptional security and efficiency.