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Researchers from Louisiana State University Provide Details of New Studies and Findings in the Area of Blockchain Technology (Cybersecurity Enhancement of Power Trading Within the Networked Microgrids Based on Blockchain and Directed Acyclic ...)

Source: 
NewsRx Policy and Law Daily

2020 JAN 16 (NewsRx) -- By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily -- Researchers detail new data in Technology - Blockchain Technology. According to news reporting originating in Baton Rouge, Louisiana, by NewsRx journalists, research stated, “Power grid resilience, reliability, and sustainability can be improved significantly by decomposing the large grids into networked microgrids (NMGs). However, the optimal energy management problem and preserving the security in NMGs are more complicated and challenging.”

The news reporters obtained a quote from the research from Louisiana State University, “This paper aims to propose a secured stochastic energy management framework for NMGs based on the modified blockchain approach, utilizing the directed acyclic graph (DAG). Using the decentralized and transparent blockchain technology will help to have higher security and lower risks within the network, thus eliminating the financial fraud and cutting down the total operational cost. In order to address the issues arising in the traditional blockchain models, mainly due to the storage and high complexities of hash address calculations, this paper proposes a new modified blockchain technology based on the DAG method. Also, a novel data restoration technique is developed to provide a way to restore the data with appropriate accuracy. The unscented transform (UT) approach is employed to model the uncertainties of forecast error in hourly load demand, solar power output, and wind turbines power output.”

According to the news reporters, the research concluded: “Finally, the proposed model is tested on an NMG system with four MGs, including two residential MGs (as the noncrucial loads), a commercial MG (as the intermediate level loads), and a hospital MG (as the crucial loads).”

For more information on this research see: Cybersecurity Enhancement of Power Trading Within the Networked Microgrids Based on Blockchain and Directed Acyclic Graph Approach. IEEE Transactions on Industry Applications, 2019;55(6):7300-7309. IEEE Transactions on Industry Applications can be contacted at: Ieee-Inst Electrical Electronics Engineers Inc, 445 Hoes Lane, Piscataway, NJ 08855-4141, USA. (Institute of Electrical and Electronics Engineers - http://www.ieee.org/; IEEE Transactions on Industry Applications - http://ieeexplore.ieee.org/xpl/RecentIssue.jsp?punumber=28)

Our news correspondents report that additional information may be obtained by contacting M. Dabbaghjamanesh, Louisiana State University, Dept. of Electrical and Computer Engineering, Baton Rouge, LA 70803, United States. Additional authors for this research include B.Y. Wang, S. Mehraeen and A. Kavousi-Fard.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1109/tia.2019.2919820. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

 

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