Lima, Claudio | Search NASA

DOE OSTI2022

Standardization of Smart Contracts for Energy Markets and Operation

This work presents a formal review of smart contracts, including definitions, technical requirements, and potential power and energy-related use cases. This includes in-depth discussions covering cybersecurity, legality and interoperability goals that must be taken into consideration by potential end-users. The paper presents a first attempt towards the standardization of smart contracts (SCs) within the field of power and energy as a work in progress activity under the IEEE Standards Association (IEEE SA) P2418.5 Working Group. This work also proposes a holistic, language-agnostic reference model that is intended to accelerate the adoption of Distributed Ledger Technology (DLT) by industry stakeholders by providing standardized processes. Finally, the paper discusses key takeaways that must continue to be developed to increase SC usage within the energy industry.

Blockchain, smart contracts, DLT↗

DOE OSTI2021

Standardization of the Distributed Ledger Technology cybersecurity stack for power and energy applications

The global trend towards the integration of distributed energy resources is opening the doors to advanced, complex, and distributedmarketplaces. Such advanced ecosystems, where utility-owned and non utility-owned assets can contribute towards grid operations,generally require distributed communication and grid architectures, which can be supported by Distributed Ledger Technologies(DLTs). However, the potential of DLTs for long-term scalable solutions in operational technology applications has not been fullyutilized, partly due to the lack of standardization across and between different DLTs, as well as other supporting building blocks(e.g., communication protocols). This paper attempts to address this gap by proposing a DLT cybersecurity stack specificallydesigned for researchers, DLT technology developers, and end users (such as utilities). The DLT cybersecurity stack has beennotionally mapped to related cybersecurity components, namely: the Open Systems Interconnection (OSI) model, the TransmissionControl Protocol/Internet Protocol (TCP/IP) suite, and existing Smart Grid architecture frameworks. In addition, the paper discussesseveral cybersecurity implications, and demonstrates the potential uses of the DLT stack through multiple power and energy usecases. It is important to note that the stack can be also applied to the DLT use cases that are outside the power and energy domain.This work has been performed by the Cybersecurity Task Force under the IEEE P2418.5 Blockchain for Energy Standard workinggroup that is stationed under the IEEE Power and Energy Society’s Smart Buildings, Loads, and Customer Systems (SBLC)technical committee.

24 POWER TRANSMISSION AND DISTRIBUTION↗