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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao https://doi.org/10.1...arrow_drop_down
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
https://doi.org/10.1007/978-3-...
Part of book or chapter of book . 2021 . Peer-reviewed
License: Springer TDM
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Foundations of Distributed Ledger Technology

Authors: Umit Cali; Murat Kuzlu; Manisa Pipattanasomporn; James Kempf; Linquan Bai;

Foundations of Distributed Ledger Technology

Abstract

The electric power industry is undergoing substantial changes as it transitions from an industry primarily based on fossil fuels to one primarily based on renewables, and from a largely undigitialized grid to one connected through IoT technology. In contrast with fossil fuel powerplants, renewable generators are being deployed in a distributed fashion, at smaller sites but with large numbers of sites. This transformation poses challenges in terms of tracking production. Distributed ledger technology (DLT) is ideally suited to the task of tracking a distributed power production system. This chapter presents the basics of DLT, of which blockchain technology (BT) has received the most research and deployment interest and effort. A brief overview of BT includes a discussion of what sorts of problems blockchain is good at solving. Identity and access management (IAM) for blockchain is discussed within the frame of general IAM for software as a service. An overview of some widely deployed blockchain platforms is presented. The three basic mechanisms important to any blockchain system are discussed: block representation, uses of cryptographic, and distributed consensus architecture and algorithms. On top of these mechanisms, smart contracts, tokenization, distributed identity management, and verifiable credentials are built.

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    popularity
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    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
6
Top 10%
Average
Top 10%
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