BIJLI: A Hyperledger-Based Blockchain-Powered Application for Decentralized Power Management and Electricity Distribution

Abstract

We present in this article—BIJLI: a peer-to-peer-based power management system built on blockchain technology. BIJLI is a platform where renewable energy consumers and producers can unite, and producers can directly sell renewable energy to consumers. It is built on the Angular framework. The use of blockchain aids in increasing the security and robustness of the whole transaction process, thus introducing transparency into the system. This, in turn, helps in fraud prevention and enables each member of the community to view past transaction records, without letting any member to manipulate the authentic records. We believe that innumerable threats can be avoided with the introduction of blockchain technology in power management systems. Consumers can make informed decisions about from where and from whom do they want to purchase energy resources according to their requirements. Depleting levels of non-renewable energy resources pose a major challenge faced all over the world. Consequently, the substitution of a significant part of present-day conventional power generation techniques by techniques like wind energy and solar energy is being planned by nations and is being implemented in progressive stages. Thus, developing a power management platform that can be integrated into power grids, where exchanges could take place effectively and transparently, is something we believed to be necessary and of high importance.