SMART GRID MANAGEMENT USING AI AND BLOCKCHAIN

Abstract

The present invention relates to a system and method for managing Smart Grids using Artificial Intelligence (AI) and Blockchain technology to optimize energy distribution, enhance security, and facilitate transparent energy trading. The system leverages AI for predictive analytics, real-time grid optimization, and fault detection, while Blockchain ensures secure, immutable recording of energy transactions and automated energy trading through smart contracts. By combining these technologies, the invention addresses the inefficiencies and security vulnerabilities of traditional grids, offering an efficient, scalable, and secure solution for managing energy resources, reducing operational costs, and promoting sustainable energy practices.

Specification

Description:The present invention generally relates to the field of Smart Grid management systems, specifically to the integration of Artificial Intelligence (AI) and Blockchain technologies to optimize energy distribution, enhance security, and facilitate transparent energy trading within a Smart Grid infrastructure. The invention leverages AI for predictive analysis and real-time optimization of energy demand and supply, while Blockchain provides a secure, immutable platform for recording energy transactions, ensuring trust among participants, and enabling automated energy trading.
BACKGROUND OF THE INVENTION
The following description of related art is intended to provide background information pertaining to the field of the disclosure. This section may include certain aspects of the art that may be related to various features of the present disclosure. However, it should be appreciated that this section be used only to enhance the understanding of the reader with respect to the present disclosure, and not as admission , Claims:1. A system for managing a Smart Grid comprising:
• A plurality of smart meters for measuring energy consumption;
• One or more energy sources, including renewable energy sources;
• A machine learning model for predicting energy demand and supply fluctuations;
• A blockchain ledger for securely recording energy transactions and exchanges;
• A smart contract module for automating energy trading and ensuring fair compensation.

2. The system of claim 1, wherein the machine learning model uses historical energy usage data, weather data, and consumer behavior data to predict future energy demand.

3. A method for managing a Smart Grid, the method comprising:
• Collecting energy consumption data from smart meters;
• Predicting energy demand using an AI model;
• Allocating energy resources based on the predicted demand;
• Recording energy transactions in a blockchain ledger;
• Enabling energy trading through smart contracts on the blockchain.

4. The method of claim 3, wherein the AI model detects faults or anomali

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