In February 2017, we held our first Enerchain workshop in Berlin. Back then, a group of forward-thinking representatives of European utilities met in Berlin to form their vision of Blockchain applications in energy trading. That first workshop is now eight months in the past – a lot has happened in such short time. Blockchain development seems to run at higher speeds than regular business. Here is an update, see also the latest press release from Sept 29th.
Expectations in Berlin were high and wide-ranging: lower transaction cost, P2P integration directly between market participants, reduced entry barriers for smaller market participants, a seamless process including not only trade execution but instantaneous settlement of transactions as well. Given these diverse goals, holding a critical mass of participants together seemed a challenge of a higher order.