Energy Innovation driven by Blockchain Technology

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blockchain energy sustainability

Blockchain tech is hot and here to stay. In my opinion, it has the potential to drive the next big revolution for the 21st century (digitalization) since the industrial revolution in the late 19th century and the internet revolution in the late 20th century. It has now reached a critical mass where groups of enthusiasts and institutions are developing real world applications either by using existing platforms or developing their own.

As a tech enthusiast, I’m excited to discover alternative applications of blockchain technology (beyond cryptocurrencies) to see how it can benefit society or solve a particular problem. Blockchain has the potential to be this vehicle for change and can be applied to virtually any industry / discipline.

Yesterday I attended an event in Pakhuis De Zwijger in Amsterdam on this topic. The event was called “the energy transition – how blockchain brings the 21st century to the energy world” (in Dutch) and showcased the Jouliette project at De Ceuvel in Amsterdam and provided a discussion around the topics of energy transition, sustainability and societal change.

The project is run by Alliander (a semi-public organisation that is tasked with managing a part of the energy infrastructure in the Netherlands), De Ceuvel (experimental space) and Spectral, a scale-up system integration and cleantech development company that develops turn-key solutions for energy storage, portable power, and smart-grids.

I was curious to learn more about the “Jouliette” which is a blockchain based energy token designed to facilitate the sharing of locally produced sustainable energy between the producer and consumer on the same grid. The buildings at De Ceuvel are all connected on a local grid with producers and consumers and are entirely “green”.

The token enables these producers and consumers in a local grid to manage their consumption and production as well as the trading and sharing of energy on a blockchain. The Jouliette token has been named after the unit of energy, the Joule. It does not use the concept of mining for verifying cryptographic proof-of-work, making it energy neutral. You can read more about the project and see a live map here.

Takeaways:

  • I found the Jouliette and the Ceuvel Showcase a great example of a practical real world application of blockchain technology that can be used for the common good.

  • It was great to see the interest towards energy transition and sustainability and the coming together of stakeholders experimenting with applying blockchain technology outside of the financial space, as we mostly know it today.

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