Research of Energy Consumption Monitoring System Based on IoT and Blockchain Technology

Abstract

As the underlying platform for security applications of the Internet of Things, blockchain can provide reliable storage, data encryption, access control, identity authentication, and other service support for the security of the Internet of Things. Its immutability can ensure the authenticity of the information on the chain and the construction of shared accounts The foundation of trust is to ensure business transparency and traceability. Asymmetric encryption can ensure the information security of the Internet of Things. Smart contracts support automatic transactions of IoT devices to improve the operating efficiency of the system, thereby promoting the flow of IoT data and enabling timely warning and carry out effective control. The application research and industrial application of blockchain in the energy field will bring innovative application models to the Energy Internet and realize the flow of data value. This article focuses on the energy consumption monitoring of the Energy Internet consumption, applies blockchain technology to the construction of an energy consumption monitoring system for key energy-consuming units, analyzes the fit between business needs and blockchain technology, designs a blockchain platform architecture, and discussed the issues of energy consumption monitoring blockchain terminal equipment authentication and collection of trusted data.