ComEd partners with Xage for blockchain smart grid security

Yesterday, US-based ComEd announced a partnership with Xage Security to demonstrate distributed ledger technology (DLT) at work for electric systems. The goal is to use blockchain for securing the grid as it integrates several distributed energy resources (DERs). ComEd will conduct the blockchain project at its Grid of the Future Lab.

Distributed energy resources

DERs employ a producer and consumer (prosumer) approach. This means there are multiple stakeholders, and therefore a need for immutable, trustworthy data. The data comes from sensors which record electricity production and trade. Smart contracts are then used for executing trade agreements. While blockchain contributes in the above scenarios, it is especially beneficial for keeping track of trades on energy marketplaces.

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