blockchain in energy business

BLOCKCHAIN IN ENERGY BUSINESS

Piotr KosińskiPowel Tech Meetup

13.12.2016

What is the blockchain technology (tech)

■ Distributed immutable database■ Byzantine fault tolerant system with decentralized

consensus■ Cryptographically secure■ Smart Contract platform■ Public vs Consortium vs Private

What is the blockchain technology (non tech)

■ Technology that can lower the costs■ Middleman cutter■ Trustless transactions■ Smart Property registration■ Enabler for disruption

DECENTRALIZED OR DISTRIBUTED?

https://www.pwc.com/gx/en/industries/assets/pwc-blockchain-opportunity-for-energy-producers-and-consumers.pdf

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http://www.solarpowerportal.co.uk/files/images/Future_Power_System_--_NIC.jpg

Blockchain opportunities

■ Energy demand / supply system■ Peer to peer trading■ Blockchain based billing model■ Smart devices■ Peer to peer lending■ Green certificates■ Distributed file storage

Energy demand and supply systemhttps://www.pwc.com/gx/en/industries/assets/pwc-blockchain-opportunity-for-energy-producers-and-consumers.pdf

Peer to peer trading

http://www.slideshare.net/JohnLilic/transactive-grid?from_action=save

based billing model

■ Mobility■ Dynamic pricing■ Consumers providing service towards power companies■ EV charging■ Self sufficient communities

■ Smart thermostats■ Weather data■ Consumption patterns■ Demand response vs local market■ Real-time measurements

Peer to peer lending

■ Buying a share in solar plant

■ Renting an electrical storage

■ Sharing your EV charging point

■ Crowdsource new green energy investments

certificates

■ Selling energy worldwide■ Energy represented as token

Distributed file storage

■ Centralized storage for metered data■ Today regulations requires to keep the archive for X years

Where are we today with blockchain implementations ?

■ All major players announced investments in blockchain related projects

■ Still very young technology– Ethereum real kickoff about 1 year ago– The DAO hack, hardforking, bugfixing

■ Perhaps the Blockchain is the only working one

■ Can blockchain be hacked ?

Thank you!

Contact

■ Twitter: – @piotrkosinski

■ LinkedIn: – https://www.linkedin.com/in/piotr-kosinski

■ Email: – piotrkosinski@gmail.com