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What is NFT

Chapter 8

Demystifying Federated Learning for Blockchain and Industrial Internet of Things

NFT, known as non-fungible tokens (NFTs), these cryptographic assets are based on blockchain technology and have unique identification codes and metadata that set them apart from each other.

Published in Chapter:

Demystifying Federated Learning for Blockchain: A Case Study

Pawan Whig (Vivekananda Institute of Professional Studies, India), Arun Velu (Equifax, USA), and Pavika Sharma (Bhagwan Parshuram Institute of Technology, India)

Source Title: Demystifying Federated Learning for Blockchain and Industrial Internet of Things

DOI: 10.4018/978-1-6684-3733-9.ch008

Abstract

Blockchain genuinely has the power to revolutionise the energy market mechanism by introducing smart PPAs (purchase power agreements), smart micro grids, and REC certificates. By converting energy resources into digital commodities that can be exchanged on a blockchain, new investment and trading possibilities that allow new players to join easily and encourage innovations will be enabled. It may also contribute to a shift driven by the organisation to address the issue of last mile connectivity. While recent grid developments have broadened the use of advanced control techniques, the next-generation grid requires technology that makes it simpler to connect distributed energy services (DERs) for users who both acquire and sell power seamlessly. This chapter will present a case study of a blockchain-based optimization paradigm and framework for crowd-sourced operations.