The energy transition is one of the biggest challenges for both Rotterdam and the world. The dominant vision holds that a future sustainable energy market will depend on decentralized exchange and that flexibility will be a key element of the new system. Distributed ledger technology can facilitate a fine-grained market of timebound transactions, and smart contracts can be used for both prize and load optimalization in a flexibility market. This combination opens doors to way higher efficiency for the entire system and its users.
The first (relatively small scale) use cases are popping up in various countries and Rotterdam aims to take a lead. BlockLab works on two tracks: short term use cases with niche applications and a long term agenda together with regional partners, thereby contributing to the Roadmap Next Economy.