A Blockchain-based Platform for Trading of Smart Meter Data with User-centric

Published on Wednesday, July 1, 2020
   

Project Leader: Assoc. Prof. Dr Salman Yussof

Members: AP. Dr. Roslan Ismail, Dr Asmidar Abu Bakar, Dr Fiza Abdul Rahim, Ms. Ramona Ramli

Funding Body: Tenaga Nasional Berhad (Seeding Fund)

Status: On-going

Description: Smart meter is a device that enables the power consumption of a premise to be tracked more frequently and accurately. This capability is beneficial to both the power utility company and its customers. In fact, the power consumption data may also be useful to third parties such as marketeers or manufacturers of electrical appliances who can use the data for marketing purposes or for improving their products and services. However, power usage data collected by smart meter is protected by Personal Data Protection Act (PDPA) and cannot simply be shared with third parties without explicit consent from the premise owner. The project proposed a blockchain-based platform that would enable premise owners to provide permission for their data to be shared or traded with requesting third parties. The power consumption data is encrypted in storage and can only be read by those who have the proper key to decrypt the data, where the key is granted only to those who have been granted permission by the premise owner. The proposed blockchain-based platform would enable power utility customers to have more control on how their power consumption data to be used outside of the power utility provider. Given that the same data usage nature exists in other companies or government departments, the proposed platform can also be adapted for use by various other industries and government operations.