Through the use of blockchain, payments are being exchanged digitally. Maybe you have heard about blockchain as the technology behind bitcoin: a way to exchange digital money in a protected environment. This technology is already being used for different kinds of money transactions such as credit loans and obligations, and for verification of identities. However, recently Blockchain technologies have also appeared within the energy sector.
Tennet just started a pilot to test if small assets could have a role in the imbalance market through the use of blockchain principles. Here flexible energy production and demand is used to balance supply with demand in blocks of fifteen minutes. If they succeed in this pilot, balancing the grid will become easier, cheaper and more sustainable because new, smaller technologies can participate in these markets.
Exchanging energy services
Blockchain can also be used for exchanging energy services within neighborhoods. Projects such as Brooklyn Microgrid (and others, red.) have been set up in which these ideas are explored. Eventually neighbors will be able to automatically buy and sell energy or offer their battery as storage capacity. A blockchain will then be used to verify and facilitate the exchange of these services. In this way blockchain could revolutionize the way we produce and consume electrical energy.
Blockchain seems to be a trending topic for the provision of energy services. Senfal is following these developments with great interests. Once this technology matures it is likely we will join the chain! Keep posted on these developments by following us on Twitter, Facebook and LinkedIn!
https://senfal.com/wp-content/uploads/2017/05/Blokchain.png13591919Lisettehttps://senfal.com/wp-content/uploads/2018/02/Senfal-logo-full_white-for_wp.pngLisette2017-05-08 12:29:172018-11-08 10:42:01Upcoming: Blockchain for Energy Transactions