Futuristic Projects in Energy and Automation Sectors: A Brief Review of New Technologies Driving Sustainable Development

Author(s): Praveen Joe I.R.* and Shrijith D.

DOI: 10.2174/9789815080537123010006

Green Economy with Blockchain and Microgrid

Pp: 15-40 (26)

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Abstract

100 % Green economy is a dream to be realized by every economy in the world. Every economy is firm in its motives in terms of investing in Green Technology and enhancing its contribution to the Green Economy, strategically any nation that masters the art of maximizing its Green Energy productivity is going to be a crucial player in the world order. In this scenario, Blockchain comes in as a tool that can be positively exploited for mankind’s betterment, especially in the field of Energy Conservation. Microgrid system in this context is a revolutionary mechanism for opening up the market of energy exchange to the public and reducing energy wastage/consumption.