Enhancing IoT Security for Smart Energy Meter using Blockchain

Abstract

Internet of Things (IoT) is growing rapidly in recent days and increasing of IoT devices day by day producing vast amount of data, to store this data security is a major challenge in IoT. To avoid these security challenges, blockchain is the perfect solution. With its security by design, immutable nature, transparent nature and encryption methodology blockchain will solve architectural issues of IoT. In these days, the energy meters in our homes are not able send the information to the cloud and man power also needed to update readings every month, and manually errors also taken place some times to avoid these, in the paper a smart energy meter is proposed, that will measure the power consumption and that readings will be stored in to the blockchain to secure the data from the fraudsters and also to make the payment without any third parties like banks, in the blockchain technology amount can be transferred from one to one without any third parties using crypto currencies like bitcoin, ether.., etc. The user will be able to check the bills in the blockchain and do the payments. By using the blockchain technology the user data will be more secure and the IoT security issues also solvable.