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Thursday, October 21, 2021
Home News Amsterdam Event EMART Energy 2016 to Host 1st European Energy Trade over...

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

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 Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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