Service: Decentralized Energy Trading Marketplace

Responsible organisation: Vattenfall - Business Area Markets (Central-Government)

Swedish state-owned energy company Vattenfall is to collaborate with 22 other European energy trading firms to launch a blockchain-based pilot. Should the project prove successful it would become the world's first blockchain-based trading system for wholesale energy. Vattenfallâs Business Area Markets division will conduct the pilot in order to deepen its understanding of the technology and conclude whether or not such a decentralised solution could match its existing trading platforms while simultaneously reducing cost. The trial will be managed by Hamburg-based B2B solutions provider Ponton, which will provide software that facilitates encrypted sending and receipt of orders through a decentralised order book. The trading is all managed on a peer-to-peer basis, removing the need for a central marketplace that is operated by a third party exchange or broker.

Additional information

Source Open Innovation Regione Lombardia
Web site https://group.vattenfall.com/press-and-media/newsroom/2017/at-the-forefront-field-trial-on-blockchain-technology
Start/end date 2016 -
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