Port of Rotterdam testing blockchain and AI for renewables trading

Port of Rotterdam testing blockchain and AI for renewables trading

The Port of Rotterdam's Innovation Dock has been testing a high frequency decentralized energy market for renewables since August 2020. The Port of Rotterdam's blockchain subsidiary, Blocklab, has been trialing a decentralized electricity trading system to help lower costs and optimize the use of renewables on its microgrid.The system, called Distro, has been jointly developed by Blocklab and S&P Global Platts, and has been operational as a trial for two months.Distro uses blockchain technology, smart contracts, and artificial intelligence to support the decentralized and high frequency....


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