The Interreg project Blockchain4Prosumers focuses on households and companies that not only consume energy but also produce energy. They are energy prosumers. The project investigates the possibilities of matching energy supply and demand with the help of blockchain technology without the mediation of the big energy companies.
Peer-2-peer trading is an energy market where energy producers (e.g. homeowners with solar panels on the roof) and consumers can meet and act immediately. Without an intermediary in the form of an energy supplier. The blockchain enables automated and decentralized handling of relatively small transactions - for example charging an electric car – through smart contracts. These small transactions do occur in large quantities, in the Meuse-Rhine Euregion alone it would amout to several hundred thousand transactions.
New business models
The Interreg Euregio Maas-Rijn project Blockchain4Prosumers-project aims to develop a framework, new business models and demonstrators in order to unlock the potential of an energy market for prosumers using blockchaintechnologie.
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The researchers (Open Universiteit) participating in the project are:
The partners in the Blockchain4Prosumers project are:
The BlockChain4Prosumers project is being carried out within the context of Interreg V-A Euregio Meuse-Rhine (EMR) with 2,9 million euros from the European Regional Development Fund. Interreg transcends borders by enabling collaboration between regional areas in different counties. By encouraging cross-border collaboration, Interreg strengthens the economic and social fabric in the border region between Belgium, Germany and the Netherlands.
The Dutch Province Limburg and the Dutch Ministry of Economic Affairs support the project through co-financing. (See the overview of all co-financers below.)