When does Blockchain Technology make sense?
Visit PONTON at the E-World 2019 (hall 1, booth 318) and learn more about our current B2B integration projects that we are doing based on bilateral data exchange, blockchain technology, and central portal solutions. Please find below an extract of our B2B integration projects that we are currently working on.
Enerchain – decentralised trading of energy products: The main advantage of decentralised energy trading is a significant reduction of external transaction cost. Enerchain is the first project of its kind which allows to complete decentralised trading activities by using blockchain technology. Over 40 leading European energy trading organisations have tested Enerchain already and some have even performed productive trades. PONTON is happy to present Enerchain to you during the E-World 2019 and to inform you about next steps of the project.
NEW 4.0 Energy Platform– truly market-based coordination of flexibility and measures for mitigating grid congestions: Today, many platforms only allow day-ahead congestion management, usually supporting rather hierarchical demand-side management. An intra-day flexibility market for trading of regional products is much more capable and precise in reacting to congestion situations. PONTON is developing the infrastructure for such a system – the NEW 4.0 Energy Platform, which PONTON has extended for allowing a Grid Operator to match sell and buy orders for regional flexibility from producers and consumers. See a Blockchain-based flexibility marketplace demo at the PONTON stand during E-World 2019.
ETIBLOGG – local trading of energy in the neighbourhood: Is this the future of the local allocation of demand and supply for power? Already Adam Smith said that only a market is the most efficient way for resource allocation if the number of participants is high enough. This also applies to energy trading. Owners of PV panels, CHP units, battery storage and “prosumers” or participants who can adjust their load, may decide themselves which volume to contribute at which time and price – all this fully automatic. Applying blockchain-technology, PONTON develops a market-based, real-time infrastructure for local power within the ETIBLOGG project.
For many years, Ponton X/P serves as a “workhorse” for efficient bilateral data exchange between hundreds of users. Consortia with grid operators (EDA) or energy trading organisations (Equias) use Ponton X/P to exchange up to a million encrypted and electronically signed messages per day. Because of the high level of standardisation and by avoiding central datahubs, total cost of ownership is minimal for participants. This way, the Austrian project “EDA” brings down switching and operation cost to a level far lower than, e.g., in Germany, where a less strict standardisation applies. At the same time 99% of the EDA market communication for supplier switching is performed within less than one minute! Moreover, new market participants may join EDA within one day. Thereafter, they are able to exchange data with hundreds of other participants. The EDA process is not based on blockchain, but still considered “peer-to-peer” with measures for end-to-end encryption and authentication. Non-repudiation of message submission and reception applies as well. Visit PONTON during E-World 2019 and learn more on how EDA and Ponton X/P work and how peer-to-peer communication can help process standardisation and market communication.
Just released: „Blockchain for B2B Integration” (German title: “Blockchain im B2B-Einsatz”) – the new book of PONTON’s Managing Director, Michael Merz, has just been released. The book clearly describes how the blockchain works and discusses the often-neglected limitations of this new technology. Learn why the blockchain is a “non-solution” for a large number of use cases, but why blockchain is at the same time a threat to currently centralised processes. Specifically, decentralised trading of energy is analysed in detail and illustrated by an overview of current projects in this field. The reader will learn about various blockchain technologies and how differently they fit to given requirements. Find more information on blockchain-b2b-book.com (the English edition will appear in Q2/2019)
Image: E-world energy & water GmbH, Udo Geisler