Spanish Power Company to Launch Blockchain Lab

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Thanks to its open innovation model, Spanish power company Endesa has recently launched a new Blockchain challenge through Endesa Energy Challenges, the company’s new collaborative platform that seeks, together with entrepreneurs, new energy efficient products and services.

The company will start collecting the applications to form part of this new initiative on 1 November.

“Some say that this technology may change everything and others that it could be the most important this century but what is true is that it is an unstoppable phenomenon in the Internet world. The potential for Blockchain is enormous and Endesa wants to be in the forefront. That is why the company is creating its first laboratory that focuses on this technology with the aim of obtaining new applications and user cases specific to the energy industry and which can be applied to the Spanish market,” writes Endesa.

It  is open to any participants (companies, individuals, researchers, start-ups, universities, research bodies, etc.) anywhere in the world. Anyone who wants to be accompanied by Endesa and delve into this passionate world can enter the selection process, which will be carried out as follows:

  • The applications to form part of this new initiative will be collected between 1 November and 31 January through Endesa Energy Challenges, the collaborative project that challenges the world’s most brilliant minds to create new solutions for more efficient energy, which was launched precisely one year ago at the South Summit. During that time, the company will shortlist the projects based on their potential value for Endesa because they define new products or services in the short and medium term and because they bring long-term emerging technologies of interest forward. And all of them will be based on the use of blockchain.
  • Between 1 February and 31 March, the company will select the final projects and start working together with the candidates, who will start developing their proposals using Endesa’s support. Ad-hoc collaboration agreements are expected to be arranged to develop each one.
  • On 1 April, the selected projects are expected to be announced and, from then on, the company will work together with the winners.

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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