Wien Energie, Austria’s largest utility conglomerate, is taking part in a new blockchain trial focused on energy trading.
In statements, Wien Energie indicated that it wanted to explore new avenues for tracking energy assets, with the aim of reducing the cost of doing so. The trial is expected to last three months, from March to May of this year.
Wien Energie CEO Michael Strebl said in a statement:
The first publicly acknowledged blockchain trial for Wien Energie, representatives said that it would consider whether the solutions developed are commercially viable, though there’s no clear timeline as to when any products based on blockchain might be released.
It’s also the latest signal from the energy industry about its interest in blockchain.
And while not focused specifically on the energy trade, the US Department of Energy began soliciting research proposals related to the tech in January.
Power Line image via Shutterstock
Correction: A previous version of this article incorrectly reported that BTL Group was headquartered in Toronto.
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