Blocklab Blockchain Projects Focus on Energy Solutions

 10 Oct 2017 09.57am

BlockLab, a field lab for blockchain technology being supported by the Port of Rotterdam Authority, selected four projects to create solutions for the energy market.

After its launch last week, Blocklab will develop blockchain technology solutions to create future energy transition systems that advance decentralized energy production, storage and trade.

At the opening of Blocklab, Port Authority President and CEO Allard Castelein said that there were many applications that blockchain could develop within the supply chain, such as allowing the port to "organize cargo flows more efficiently".

More than 50% of Blocklab's work is focused on blockchain solutions for port logistics.

Use cases include an inventory finance solution and the Deliver project that links the physical receipt of the cargo by the receiver with the data of a digital waybill.

It also triggers the financing of the invoice.

A committee including scientists, DSO’s and blockchain experts have initially selected four energy projects out of twenty proposals to receive funding for their prototyping stages.

At least two of them will gain support in their first operational deployment in spring 2018.

The Port of Rotterdam Authority and the City of Rotterdam will develop Blocklab with financial support from the Ministry of Economic Affairs and the Netherlands Enterprise Agency.

The energy projects are receiving investments through a Small Business Innovation Research (SBIR) procedure.

BlockLab plans to reveal the prototypes in the spring of 2018, with practical applications scheduled in Q3-Q4 of 2018.

Read more: The Port of Rotterdam is working to stop the unintentional release of all sorts of substances by introducing an 'electronic nose' technology

  Ports, Security and Logistics, Shipping