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New opportunities for the energy sector

“Blockchain technology has the potential to revolutionise the energy system.” Using this quote from Süddeutsche Zeitung the Germany Energy Agency dena invited to participate at the dialogue forum “Blockchain – new opportunities for the energy market” to Berlin´s Novotel on the 1st of March 2017.  Almost one hundred guests followed this invitation and experienced a day full of information as well as interesting discussions around blockchain technologies.

After some welcome words by  Andreas Kuhlmann, Chairman of the dena executive board, and by Dr. Wolfgang Langen from BMWi,  Philipp Richard, project director at dena, explained about the agenda of the day and how this dialogue forum fits into the dgitization projects of dena.

Afterwards I had the pleasure to hold some introduction presentation to blockchain (please find the link to the presentation below). A brief Q+A session next to my presentation was a good indicator that a reasonable share of the participants already had digged into the “blockchain space”.

Following there was an interesting panel discussion among a couple of energy market experts. Tobias Frederico from Energy Brainpool brought a distinctive  aspect into play: “Blockchain can make the energy transition more reliable.” And Kirsten Hasberg, Co-Founder of StromDAO.de, made an interesting comparism between early promotors of Renewable Energy and Blockchain.

Christoph Burger, Senior Lecturer / Senior Associate Dean of Executive Education ESMT Berlin, was next with his talk about “Business fields for blockchain in the energy sector”. Clear statement: the focus for the development of blockchain-based applications should be on process optimization and on platforms.

Before the coffee break a workshop part was conducted – divided into three groups: technology and efficiency, data protection and data security as well as standards, interfaces and regulation. The interesting discussions held there made it obvious, how complex the challenges in the energy sector are – especially when it comes to the usage of new technology concepts like blockchain.

The final presentation was held by  Prof. Dr. Strüker, professor for energy management at the Fresenius University of Applied Sciences in Frankfurt. He concentrated on what concretely needs to be done now to come from the idea to a real implementation. E.g. I found his statement that we are  on the way into a realtime energy economy remarkable.

Phillip Richard, Project Lead Energy Systems and Energy Services at dena, about the dialogue forum “Blockchain – new opportunities for the energy market”:

„It is important to understand the key characteristics of digitization in order to seize its opportunities and to handle its risks. Among its key characteristics are e.g. extremely high amounts of data that are being exchanged at an increasing pace; the possibility of data scaling and an increasingly accurate identification of target groups; aspirations for transparency and sharing; multiple use of data sets for different purposes. The vision of blockchain addresses these key characteristics in a unique way and offers the potential for solutions both for upcoming questions concerning digitization in general and for the issues of data security and data protection in particular. On its way to concrete solutions and applications the blockchain technology has yet to confirm its ambitious targets. Trust in this technology has to build up slowly and the efficiency of the technology will have to increase significantly in the coming years.”

Please find additional information on the event on the dena website (german only).


dena dialogue forum fb
from Frank Bolten

Copyright pictures: Deutsche Energie-Agentur (dena) and own pictures