September 19, 2017
Conference Paper

Blockchain: A Path to Grid Modernization and Cyber Resiliency


Blockchain may help solve several complex problems related to integrity and trustworthiness of rapid, distributed, complex energy transactions and data exchanges. In a move towards resilience, blockchain commoditizes trust and enables automated smart contracts to support auditable multiparty transactions based on predefined rules between distributed energy providers and customers. Blockchain based smart contracts also help remove the need to interact with third-parties, facilitating the adoption and monetization of distributed energy transactions and exchanges, both energy flows as well as financial transactions. This may help reduce transactive energy costs and increase the security and sustainability of distributed energy resource (DER) integration, helping to remove barriers to a more decentralized and resilient power grid. This paper explores the application of blockchain and smart contracts to improve smart grid cyber resiliency and secure transactive energy applications.

Revised: December 28, 2017 | Published: September 19, 2017


Mylrea M.E., and S.G. Gourisetti. 2017. Blockchain: A Path to Grid Modernization and Cyber Resiliency. In North American Power Symposium (NAPS 2017), September 17-19, 2017, Morgantown, West Virginia. Piscataway, New Jersey:IEEE. PNNL-SA-128828. doi:10.1109/NAPS.2017.8107313