A blockchain-powered energy trading platform supported by the tech heavyweight Siemens from Germany, has reportedly been showcased to the public audience, during a Bavarian municipality.
Specifically, the platform – goes by the name “Pebbles”, which stands for “peer-to-peer energy trading based on blockchains” – is reportedly organizing a virtual demo for its marketplace platform, built on the blockchain, for optimized electricity trading.
Pebbles is reportedly a collaborative project of the regional utility Allgäuer Überlandwerk, grid operator AllgäuNetz and Siemens, and receives financial support from German Federal Ministry for Economic Affairs and Energy.
The project reportedly has a primary goal of setting up a platform dedicated to private energy producing establishments, to promote their electricity directly to clients in the area, that requires no help from middlemen or traditional grid operators.
The platform additionally looks to offer flexible power from battery storage for electric vehicles. Blockchain implementation is reportedly created with a task of making sure every data related to market transactions is immutable and transparent.
Different other blockchain-powered projects apart from Pebbles are reportedly in the developing process in Germany. In February this year, the BMWi reportedly issued a report deep-dived into major blockchain implementations in energy trading, highlighting four related projects including BloGPV, SMECS, ETIBLOGG, together with Pebbles.