LOCALIZED SUSTAINABLE AND ECOFRIENDLY ENERGY GENERATION AND DISTRIBUTION USING BLOCKCHAIN NETWORK: BANGLADESH PERSPECTIVE
Thepower industry of Bangladesh is not enough sustainable and eco friendly which is governed by anumber of centralized authorities The energy is received from various power plants and then route theenergy to substations and eventually to the consumers which is palpably inadequate to meet the farreaching demand This leads to the load shedding in many areas which is still a burning question from thesocio economic perspective of Bangladesh A significant percentage of people are still deprived ofuninterrupted energy supply and a many more are still out of the energy distribution network due to lackof resources The energy currently available in the country is mainly fossil fuel energy which is neithersustainable nor eco friendly and the centralized distribution of energy requires the transmission of energyat high voltages which has a lower efficiency and adds to the wastage of energy Another core problem isunauthorized connection of energy and intentional faulty meter reading submission by operators whicheventually leads to a momentous loss of revenue, and this creates a sense of skepticism among the massusers on the local authorities responsible for proper energy management From the economic perspective,it is imperative to create a sustainable sector of investment for mass people due to the current fragile stateof stock market and banking system Addressing these issues is obligatory to maintain the economicgrowth of Bangladesh as well as to elevate the lifestyle of mass people The aim of our project is to attainthese milestones by creating a localized energy generation, storage, transmission and distribution systemusing blockchain which exhibits some genuine concern on pertinent areas and solution of the issues.