IEEE 2418.5-2025

Annotation of standard text IEEE 2418.5-2025 :

New IEEE Standard - Active.
Blockchain/distributed ledger technology, referred to as blockchain/DLT, is a proven technology in industry and, though newer to applications in the energy industry, is well-positioned to become a critical component of this evolving electrical system. blockchain/DLT can provide transparency and traceability within energy markets and distributed system operations, reduce error and processing inefficiencies between the multiple parties engaged in interconnected grid management, and offer a path to automation of the grid through the use of smart contracts. This guide provides an open, common, and interoperable reference framework model for distributed ledger technology (DLT ) such as blockchain in the energy sector. This guide also serves as a guideline for blockchain/DLT use cases in the electrical power industry, creating a guide for a reference architecture framework, including interoperability, terminology, functionality, and system interfaces.

ISBN: 979-8-8557-2106-5, 979-8-8557-2615-2, 979-8-8557-2616-9
Number of Pages: 86
Product Code: STDAPE27861, STD28254, STDPD28254
Keywords: blockchain, distributed ledger technology, DLT, electric power system, energy markets, energy system management, IEEE 2418.5(TM), smart contracts
Category: 314
Draft Number: P2418.5/D2.1, Apr 2025 - APPROVED DRAFT