Securing energy networks: blockchain and accounting systems

Pythagoras Petratos, Alessio Faccia

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

The energy sector is facing increasing risks, mainly concerning fraudulent activities and cyberattacks. This paradigm shift in risks would require innovative solutions. This paper proposes an innovative architecture based on Distributed Ledger Technologies (Blockchain) and Triple Entry Accounting (X-Accounting). The proposed architecture focusing on new applications of payment and billing would improve accountability and compliance as well as security and reliability. Future research can extend this architecture to other energy technologies and systems like EMS/SCADA and associated applications.
Original languageEnglish
Title of host publication2021 International Conference on Electrical, Computer and Energy Technologies (ICECET)
PublisherIEEE
Number of pages5
ISBN (Electronic)9781665442312
ISBN (Print)9781665442329 (PoD)
DOIs
Publication statusPublished - 11 Feb 2022
Event2021 International Conference on Electrical, Computer and Energy Technologies (ICECET) - Cape Town, South Africa
Duration: 9 Dec 202110 Dec 2021

Publication series

NameElectrical, Computer and Energy Technologies (ICECET), International Conference on
PublisherIEEE

Conference

Conference2021 International Conference on Electrical, Computer and Energy Technologies (ICECET)
Period9/12/2110/12/21

Bibliographical note

Publisher Copyright:
© 2021 IEEE.

Keywords

  • Blockchains
  • Computer architecture
  • Computer crime
  • Computer network reliability
  • Distributed ledger
  • Focusing
  • Reliability
  • Blockchain
  • Networks and Security
  • Cyberattacks
  • Scandals and Fraud
  • Risk Management
  • Triple Entry Accounting

ASJC Scopus subject areas

  • Energy Engineering and Power Technology
  • Electrical and Electronic Engineering
  • General Computer Science

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