Energy efficiency of microgrid and the application of blockchain in microgrid

Abstract Blockchain has the characteristics of reliability, encryption, non-tampering and traceability, which can effectively solve many problems such as data isolation and uneven distribution and energy waste in China’s microgrid. Both have the characteristics of decentralization, security, transparency and intelligence, which provide a basis for the combination of the two. The exploration of the integration of the blockchain’s own characteristics with the technology of the microgrid illustrates the advantages and feasibility of the blockchain in current transactions.