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2020-10-23

Blockchain-based energy trading platform

A public demonstration of a blockchain-based energy trading platform, supported by German technology giant Siemens, is taking place in the Bavarian municipality today.

Within the framework of the so-called "Pebbles" project, which stands for "peer-to-peer energy trading based on blockchains", a virtual demonstration of a blockchain-based market platform for optimizing electricity trading is taking place. The demo was officially announced by the project on 22 October.

The public demonstration of the Pebbles energy platform in the city of Wildpoldsried in Bavaria is an important milestone after the project started in March 2018.

Pebbles, financed by the German Federal Ministry of Economics and Energy, is a joint initiative of the regional energy company Allgäuer Überlandwerk, the network operator AllgäuNetz and Siemens. The project is also supported by the Kempten University of Applied Sciences and the Fraunhofer Institute for Applied Information Technology.

This initiative aims to create a platform for private electricity producers to sell electricity directly to local consumers without the need for intermediaries or traditional network operators. The platform also aims to provide flexible battery power to electric vehicles. The implementation of blockchain aims to ensure that all information on market transactions remains constant and transparent.