Abstract:

Integration of blockchain technology in smart grids has the potential to correct all issues and make communication networks more secure as well as efficient.  Current communication technologies of smart grids are plagued by a host of issues ranging from inefficiencies in data transmission, data breaches, and vulnerability to cyber attacks.  Oftentimes rooted in centralized frameworks, current solutions are at risk of single point failure and unauthorized data access and data manipulation are achievable. Levying the distributed and immutable nature of blockchain, the suggested Blockchain-Enabled Peer-to-- Peer Communication Protocol (BC-P2P-CP) responds to these concerns.  With this framework, all participants within the grid, such as producers, consumers, and regulators, communicate on a P2P network to ensure traceable and secure data transfer.  Though consensus systems enhance trust and coordination among parties and minimize the role of a central power, the blockchain ensures integrity of data. The proposed method ensures a robust solution for secure communication, thus ensuring grid transactions are stored in an immutable ledger.  Through direct interaction among participants and thus reducing latency and cost of transactions, it also promotes efficiency through reduction of reliance on middlemen.  Utilization of BC-P2P-CP demonstrates increased security and performance in smart grids with reduced likelihood of data tampering and illegal access. The distributed communication system offers a scalable solution for future smart grid deployments and enhances operational efficiency and trust.