Energy Trading Giant Looks To Blockchain To Meet Rising Demand
“Vattenfall AB, one of Europe’s leading energy trading firms, is reportedlystruggling to keep up with the volume of trades it has to process, which can number up to 8,000 in a single day. With the expectation that this figure will increase several-fold as more sources of renewable energy come online over the next few years, the company is eyeing a shift to a blockchain-integrated platform to manage its trades.
Kilian Leykam, the head of business development at the company’s trading unit in Hamburg, said the projected move would allow the firm to oversee trades for smaller volumes of energy, explaining that “with smaller transactions sizes you are able to target volumes that otherwise would have been neglected.” These transactions could include energy generated by solar panels on people’s houses or stored in home batteries, and Leykam predicts that blockchain technology will be instrumental in supporting a network of these energy production and storage devices…”
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https://www.ethnews.com/energy-trading-giant-looks-to-blockchain-to-meet-rising-demand
a must read article