Service: Energy trading platform

Responsible organisation: Reiner Lemoine Institute  (Academic-Research)

The German Ministry of Economic Affairs and Energy is funding a three-year research project conducted by the Reiner Lemoine Institute focused on implementing blockchain technology in electricity trading. The project is entitled BEST, a German acronym for Blockchain-based decentralized energy market design and management structures. The BEST project develops an electricity market provider system (SMBS) that supports local electricity trading where surpluses and bottlenecks can balance each other out in real-time.

Additional information

Source Open Innovation Regione Lombardia
Web site https://www.ledgerinsights.com/german-government-backs-build-of-blockchain-energy-trading-platform-best/
Start/end date 2021 -
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