Affiliation:
1. Vellore Institute of Technology, India
2. Dhaanish Ahmed College of Engineering, India
Abstract
There are villages and rural areas in modern India that still do not have electricity connection. And there are those places where there is a connection, but low voltage and frequent cut-offs are still a major problem. Electricity companies face a lot of issues regarding the efficient power supply to all their customers, and the customers have issues regarding their needs of power. Wastage of power during transmission is another big issue. This chapter aims to develop and implement algorithms to improve the above-mentioned situation. To make the pricing model more robust, blockchain is used as it ensures secure transactions. Blockchain can give users more efficiency and authority over their energy sources.