TOBLOCKCHAIN, the Netherlands based blockchain innovator has been selected for the development of a prototype blockchain application for peer-to-peer energy trading in the Rotterdam region in the Netherlands. The application will also be used to identify and certify the energy source of origin, settle bilateral transactions and balance the energy network. TOBLOCKCHAIN will work closely together with BlockLab, the blockchain field-lab located in Rotterdam. TOBLOCKCHAIN has active support from The Green Village of the TU Delft and Energy and technology provider ENGIE.
The project is part of phase 2 of the Small Business Innovation Research (SBIR) program ‘Blockchain Energie Rotterdam’ in which solutions will be developed for the energy market. A committee consisting of scientists as well as energy distribution and blockchain experts chose the TOBLOCKCHAIN proposal as one of the four winning proposals out of 20 contributions. The winning proposals receive funding for the prototype phase. In the next round (spring 2018) at least two projects will receive further funding for a field trial.
In the new market for renewable energy, companies and consumers are no longer just purchasing energy. They also produce their own energy. TOBLOCKCHAIN developed the PowerToShare solution to support this new market environment. Via PowerToShare all market players have access to the new energy market via a variety of innovative applications. These applications can provide peer-to-peer services like energy sharing, energy trading and energy donation. Blockchain technology will facilitate all upcoming market models in a very secure, extremely cost-efficient and highly sustainable way.
Kaushik Khakhar, CEO of TOBLOCKCHAIN: “As one of the most innovative companies in the world when it comes to Energy Transition and Blockchain, we are proud that we can work together with BlockLab, The Green Village and ENGIE to really support the energy transition in the Rotterdam area. Creating a working prototype is a major step to make the energy transition in Rotterdam fashionable, achievable and profitable.”
BlockLab puts blockchain technology into practice. Rooted in the Port and the City of Rotterdam we develop use cases with alliances of engineers, developers, system players and end users. Our focus is on energy and logistics – the first being Rotterdam’s biggest challenge, the latter our greatest strength. Capacity building and internationalization are supportive tracks.
BlockLab is a subsidiary of the Port of Rotterdam, co-founded by the City of Rotterdam. As a Smart Industries Fieldlab we are embedded in a regional innovation ecosystem; with the Port Authority we unlock a global network; BlockLab also participates in the Dutch Blockchain Coalition. For more information visit: http://www.blocklab.nl
About The Green Village: accelerating innovation for a sustainable future
Solving the world’s largest challenges requires radically new connections. Combinations of technologies that were never linked before, or innovation partnerships between unlikely partners. These connections lead to radical innovations, for example to cars powering homes, people producing their own drinking water, and buildings becoming computers.
The Green Village’s goal is to accelerate the development and implementation of these radical innovations. We do this by bringing together everyone who needs to be involved – scientists and engineers, businesses, the public, and government – at an inspiring place where innovations can be developed, tested and demonstrated by these partners. In an experimental real-life setting, a true living lab at Delft University of Technology that is open to anyone, including you
The Green Village provides an environment where universities and businesses can develop, test and demonstrate their innovations without these concerns, with close involvement of the public and government. At The Green Village products are allowed to fail, the business model does not need to be clear, visitors may feel inspired yet uncomfortable (objective safety will always be assured!) and in some cases innovations will benefit from government “switching off” some regulations
For more information on Green Village: https://www.thegreenvillage.org/about-us
ENGIE Nederland consists of ENGIE Energie and ENGIE Services and is a leading energy and technology company that employs 6.400 people. We are leading the way and establishing the energy transition through innovative and sustainable energy solutions. We give direction to this change by helping customers (companies, institutions and consumers) to make the transition from fossil to 100% sustainable and the movement towards decentralization, as quickly and cost effectively as possible. ENGIE Nederland is part of the ENGIE Group that employs 153,090 people worldwide and achieved revenues of €69.6 billion in 2016. For more information on ENGIE: https://www.engie.nl
TOBLOCKCHAIN is an innovation firm focused on developing breakthrough innovations using blockchain for consumers, enterprises and governments. TOBLOCKCHAIN team is proud winner of the Energy Track at Dutch Blockchain Hackathon Groningen in February 2017 and won a special prize at Hyperledger Hackathon, Amsterdam in October 2016. TOBLOCKCHAIN was also invited to present its PowerToShare solution at the prestigious Dubai Smart City Event in 2017.
PowerToShare is a beautiful application built on top of Blockchain network with an amazing marketplace. With this application we will make energy transition fashionable, achievable and profitable. PowerToShare empowers every individual to own energy, to share it and to profit from it. With PowerToShare you can share your own energy with friends, family and the community.
For more information about TOBLOCKCHAIN and PowerToShare, please visit https://www.toblockchain.nl