Iberdrola - Revolutionising the electricity market through the blockchain скачать в хорошем качестве

Iberdrola - Revolutionising the electricity market through the blockchain

At Iberdrola group we have begun a pilot project based on using blockchain to guarantee, in real time, that the energy supplied and consumed is 100% renewable. Using this technology, we have managed to link plants where electricity is produced to specific points of consumption, allowing the source of the energy to be traced. This increases transparency and ultimately encourages the use of renewable energy. Blockchain is here and is revolutionising the electricity market. This technology is an efficient way of allocating generation assets to a specific point of consumption, and can even be used to establish a hierarchy of priorities when it comes to sources of origin. This allows renewable energy certification processes to be sped up and automated, as there is a greater degree of traceability. This aspect is crucial in the case of long-term Power Purchase Agreements (PPAs) based on renewable assets, as these agreements specify the need to certify that the energy supplied is from 100% green sources. These agreements play a fundamental role today, because they promote renewable energy growth by encouraging large corporations to purchase this type of energy. Blockchain also guarantees the transparency and security of the transaction, which remains permanently recorded in the platform, allowing all parties to audit the results. This technology also makes it possible to work under smart contracts which are performed automatically when both parties fulfil the agreed terms, thereby cutting out intermediaries and simplifying the process. This reduces costs and increases privacy. --- Video made by Pix Videos for Iberdrola.