Revolutionizing domestic solar power systems with IoT-enabled Blockchain technology

Abstract

Solar power systems in homes have become the need of the hour due to the crisis of fossil fuels. Also, it is a useful way of rural electrification and cutting down on running electricity costs. This paper discusses a 26-kW solar power system for powering homes along with IoT-based monitoring. The proposed system is expected to be low in cost and highly efficient. The system can also be used as a battery backup without solar power. The emergence of Blockchain technology is poised to revolutionize the sharing of information by providing a means of building trust in decentralized settings without the reliance on intermediaries. This technological breakthrough has the potential to transform several industries, including the internet of things (IoT). In addition to Blockchain, IoT has also been able to address some of its limitations by utilizing innovative technologies like big data and cloud computing. For security, Blockchain as a decentralized application will be used. Each block typically contains the transaction data, and power consumption data which can’t be tampered with even if changing all subsequent blocks, which is expensive to do so.