Control room at grid operator TenneT. Image: TenneT. Case study : Blockchain technology is being put to the test in northern Europe, writes Jean-Baptiste Cornefert of Sonnen. A quick view into the future: it is the year 2030 and Paul, a homeowner with his own photovoltaic system and battery storage, checks his electricity bill. His neighbour Sam got 12kWh of solar power from Paul’s house roof today. Amanda, the elderly lady a few blocks away, has consumed 5kWh of solar power from Paul. Both charges Paul sees on his online portal. The transactions are registered with a blockchain and the compensation is immediately credited to Paul’s bank account. Those energy transactions happen thousands of times every second, and are continuously and consistently registered on a myriad of single computers around the world with a blockchain. A blockchain is a database that is organised decentrally. A main server that stores […]