Amsterdam Event EMART Energy 2016 to Host 1st European Energy Trade over the Blockchain

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Plans have been completed to execute the first European energy trade over a Blockchain by Yuso and Priogen Trading during EMART Energy 2016, November 3-4 in Amsterdam Netherlands.   Both traders will use the Enerchain trading tool, developed by Ponton Gmbh  out of Germany.

Enerchain allows to anonymously send orders though a trading screen. Counterparties use Enerchain to click on this order on screen to conclude a transaction – all done “peer-to-peer” without a marketplace operated by a third party. The tool supports energy products like day-ahead, monthly, quarterly and yearly baseload for power and gas. As a result, an EFET trade confirmation is created that can be uploaded to the EFETnet eCM confirmation matching service. 

Bart Pycke from Yuso said:

“Yuso is excited to conclude the first European energy trade over the Blockchain.  We believe the Blockchain technology holds great promise to improve the functioning of the  short-term power markets. Our trade on the Enerchain platform demonstrates how the technology can be used today and we look forward to work with interested industry peers to further validate the use of this technology in our industry.”

“Priogen is enthusiastic to facilitate the first European Blockchain trade. We believe the Blockchain technology can be a massive accelerator of the energy transition. The technology lowers the entry barriers, opening up electricity marketplaces to more participants and their potential energy flexibility,” added Bart de Brouwer of Priogen.

Richard Kastelein

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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