Blockchain Trade Application

S&P Global Platts partnered with Blocklab, the Port of Rotterdam’s blockchain subsidiary, to start Distro Energy. This is a high-frequency, decentralized energy market that operates AI and blockchain’s distributed ledger technology to enable energy consumers in the port to handle their power utilization by trading renewable energy from solar and battery storage.

In the two months after launch, consumers cut down their costs by 11%, while the renewable producers experienced a 14% improvement in their revenues. While this is a modest pilot plan, it has impressive potential to be rolled out more broadly.Increasingly, we felt demand for real-time data analysis to optimize production and slash costs among industry players.?

Source - Platts