Blockchain-based IoT device identification and management in 5G smart grid

This work investigates the unified coding and identification of smart grid IoT devices, as more and more IoT devices in smart grid need to be managed and controlled. We combine blockchain technology with 5G MEC to realize the connection of massive power IoT devices at the edge of 5G network. Due to blockchain’s distributed storage and credibility, it is used to identify and register IoT devices in smart grid, ensuring the reliability and accuracy of smart grid IoT devices management. In this paper, we propose a hybrid blockchain mechanism based on 5G MEC smart grid, where both public blockchain and private blockchain are deployed on the MEC gateway/server. To facilitate the data searching and extracting, we endeavor to build a blockchain explorer indexed by IoT device identifier. After that, we study the typical consensus algorithms in the blockchain such as PoW, PoS, DPoS, PDFT, and discuss their feasibility in the hybrid blockchain. Finally, we analyzed and compared the performance of different consensus algorithms from the perspective of average computing time and average time to agreement.