Blockchain and the energy transition
By 2030 the majority of the households in The Netherlands are likely to have an electric vehicle. Imagine, at the end of a working day, many vehicles will return home and need to draw power from the grid. During the day, households with solar panels on the roof have been generating electricity and are now willing to sell their excess power when demand for power is high. Other energy users would only like to draw power when it is cheap. Enter the world of blockchain and the energy transition, where these peer-to-peer energy transactions are possible. The session is about how blockchain accelerates the energy transition. Various ground-breaking technologies (e.g. AI, blockchain and IoT) are rapidly evolving around the same time and could be integrated and used to fuel the transition in energy. Blockchain plays a critical role in this transition, in that it can integrate these technologies in a secure, efficient, and trusted way so that implementation and adoption of these technologies will transform the way we buy, store, and use energy. During the session we will focus on the impacts of the energy transition and how entrepreneurs could develop business models that spearhead the trends in the energy market. We discuss use cases of blockchain in trading of energy, management of energy assets, promotion of green energy, electrification in developing countries, charging of electric vehicles, and crypto-payments of energy bills. Participants will learn in what context blockchain can be used to gain a competitive advantage and how blockchain could disrupt existing business models in the energy sector. We do this by studying examples of blockchain applications in existing energy companies and start-ups in the energy sector. For those not familiar with blockchain a brief introduction in this revolutionary technology is provided. Participants are encouraged to think about innovative ways of using blockchain in the energy sector during a mini-hackathon. In small groups participants will select a use case and determine how blockchain could bring added value, what factors to consider to design a blockchain strategy and what a roadmap could look like to convince investors or executive management of an energy company to implement the solution.
Who is this event for?
Entrepreneurs, managers and others working in the energy market and/or interested in the use of blockchain in business.