Europe’s largest port set to test its blockchain-powered energy trading platform

by Matthew Beedham Europe’s largest ferry port is readying its blockchain-based energy trading application for deployment. The Port of Rotterdam announced last week that its blockchain-based energy trading platform is “complete in principle” and it will begin testing it in the coming months. The news comes about 18 months after the port and the Rotterdam municipality set up its blockchain development group, BlockLab. It first announced it was developing the blockchain-based energy trading platform shortly after in October 2017. BlockLab has developed its energy trading platform in collaboration with energy and commodities information provider S&P Global Platts. According to the announcement, the platform will try to help “coordinate the supply and demand of energy,” between port organizations. The new platform will allow companies based at the port to choose their energy supplier depending on the time of day, availability, and cost. BlockLab says smart contracts would be used to automate this process to increase efficiency. Hard Fork has contacted the port for more details on what blockchain it’s using and when it will officially start testing and rollout the platform. We will update this piece as we learn more. Blockchain isn’t the whole solution BlockLab is aware that blockchain is only part of the… continue reading

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