Performance Analysis of Blockchain based Smart Grids with Ethereum and Hyperledger Implementations

Smart grids lay the foundation for future communities. Smart homes, smart buildings, smart streets, and smart offices are built when intelligent devices piles on intelligent devices. To reach the maximum capacity, they all must be supported by an intelligent power supply. For optimal and real-time electricity consumption, monitoring and trading, blockchain posses several potential benefits in its application to electricity infrastructure. To analyze the performance of the blockchain-based smart grid, this paper presents a virtual smart grid. A smart grid equipped with smart contracts, capable of executing virtual activities is evaluated and possible strengths and weaknesses are discussed. The paper draws a performance analysis of the blockchain-based smart grid by using the Ethereum and Hyperledger Fabric-based implementations.