Smart Metering and Load management with IoT and Blockchain
|Conventional System||Proposed System|
Demand-Supply infrastructure in the present day distribution grid does not have any load participation. There is a sub-optimal utilization as well as high stress on the grid due to unexpected load uncertainities.
Our approach involves introducing metering at a device level and enable communication by using IoT technology. Since IoT is inherently decentralized, the devices operate independently and measure their power consumption. The consumption is communicated among the devices using which devices know the overall load and utilization. The utilization also provides information on the schedules.