Decentralized Energy Grid With Blockchain Technology

The decentralized energy grid utilizes blockchain technology to overcome the inherent limitations of traditional centralized power systems. By facilitating peer-to-peer (P2P) energy trading, it enables individuals to directly sell surplus renewable energy and purchase electricity from others without relying on centralized intermediaries. This model promotes greater autonomy, transparency, and cost-efficiency in energy transactions. Blockchain's immutable ledger and smart contract capabilities ensure secure, tamper-proof exchanges, reducing transaction overhead and building trust among participants. This study explores the architecture, operational mechanisms, and overall impact of blockchain-based decentralized energy trading platforms. It analyzes how such systems enhance transparency, support sustainable energy integration, and offer economic incentives for prosumers. Additionally, the study evaluates technical and regulatory challenges, including scalability, interoperability, and policy adaptation. The findings highlight the potential of blockchain-enabled decentralized energy grids to revolutionize energy distribution by promoting efficiency, sustainability, and user empowerment in the evolving energy landscape.