M2M Blockchain: The Case of Demand Side Management of Smart Grid

Abstract: The increasing sophistication of contemporary energy systems requires effective and secure Demand Side Management (DSM) solutions. Conventional centralized solutions tend to be inadequate owing to privacy issues, trust shortcomings, and communication hindrances. This paper advocates a blockchain-enabled Machine-to-Machine (M2M) communication paradigm for DSM in smart grids. Smart contracts and distributed ledger concepts are utilized to facilitate automated transactions between generators and power management systems for security, transparency, and decentralization. A 34-node microgrid simulation confirms the model's feasibility and effectiveness. Outcomes show decreased line overloads, self-sustained energy trading, and better load balancing by smart contract-based interactions.

Keywords: Blockchain, Demand Side Management, Smart Grid, M2M Communication, Smart Contracts, Distributed Energy