IEEE Systems, Man and Cybernetics Magazine - January 2023 - 37
Blockchain
Technology
in Modern
A Systematic Review
by Fazel Mohammadi
and Mehrdad Saif
Power Systems
B
Digital Object Identifier 10.1109/MSMC.2022.3201365
Date of current version: 10 January 2023
lockchain is a distributed decentralized peer-to-peer
network, which is used for sharing data across a large
number of entities in a trusted and secure way. Blockchain
utilizes different mechanisms, such as hash functions,
consensus algorithms, etc., for data verification
and validation. In modern power systems, blockchain technology is
used for balancing supply and demand, contributing to the demandside
management programs, and mainly, transitioning consumers to
prosumers to trade electricity and reduce operational
costs. This article aims at providing an indepth
discussion on energy transition and
digitalization in power systems and
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January 2023 IEEE SYSTEMS, MAN, & CYBERNETICS MAGAZINE 37
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IEEE Systems, Man and Cybernetics Magazine - January 2023
Table of Contents for the Digital Edition of IEEE Systems, Man and Cybernetics Magazine - January 2023
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