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Price Optimization in Smart Grids through Blockchain in Cloud Computing based on Collocation Game Theory

Published: 30 May 2024 Publication History

Abstract

A smart grid provides two-way information and energy flow between the power providers and consumers. In recent years, massive sensors and advanced metering infrastructure have been deployed, generating huge amounts of data. Cloud computing has been used to handle and compute expensive complex data. Generally, data is shared through a centralized entity, which requires expensive uploading and downloading, putting extra pressure on the wireless networks. Therefore, in the proposed work, a decentralized Blockchain network is considered. This work proposes offloading Blockchain transactions by smart grid environment to cloud resources and process allocation on cloud resources to optimize resource prices with a process collocation game-theoretic approach. We also present simulation results demonstrating optimized prices incurred to cloud users with the proposed solution.

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ICSCA '24: Proceedings of the 2024 13th International Conference on Software and Computer Applications
February 2024
395 pages
ISBN:9798400708329
DOI:10.1145/3651781
Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than the author(s) must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected].

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Association for Computing Machinery

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Published: 30 May 2024

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Author Tags

  1. Blockchain
  2. Cloud Computing
  3. Game Theory
  4. Hyperledger Fabric
  5. Smart Grid

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