EnergyWatch

Europe's biggest utilities join blockchain energy trading trial

Blockchain is the technology at the heart of bitcoin and may help the energy business adapt to a more decentralized world. Some of Europe's biggest utilities have joined a project to test blockchain-based trades in wholesale power and natural gas markets

Some of Europe's biggest utilities joined a project to test blockchain-based trades in wholesale power and natural gas markets. 

Utilities from Enel SpA to RWE AG will start live trading based on blockchain in the fourth quarter, after tests that start in August, said Michael Merz, managing director at Ponton GmbH, the developer of the project. The software, called Enerchain, allows anonymous peer-to-peer trading without using a third party.

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