Engineering: leader della Digital Transformation

Engineering Innovation in

Smart Energy & Utilities

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DLS-OCS:
Blockchain for Smart Grids

A Blockchain-based platform for reliable and peer-to-peer exchange of energy between citizens via Smart Contracts.

Approach & Solution

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Approach

We live in a high-speed world, constantly looking for increasingly efficient, less bureaucratic and intermediary-free services and processes.

The need for immediacy has prompted the creation of completely disintermediated peer-to-peer services between citizens, as it happens in the direct exchange of renewable energy between prosumers within a Smart Grid or in the exchange of tokens between private individuals. However, currently these processes require the presence of a central authority that regulates the exchanges or the adoption of specific and expensive hardware, causing an economic and time-consuming expenditure.

The DLS OCS project, coordinated by Engineering, was created precisely to innovate and improve the ways in which transactions between citizens take place today, in particular energy ones.
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Solution

The DLS OCS project has created a Blockchain-based solution which enables the automatic and peer-to-peer definition of Smart Contracts for the exchange of services within a specific district: it is characterized by the absence of central authorities that regulate exchanges and produces reliable and binding B2B and B2C contracts in a matter of minutes instead of days, as it usually happens with current methods.

Considering for example the energy field, DLS-OCS will reduce the costs and time necessary for the exchange of energy between citizens and businesses. To the latter, the project wants to offer a set of flexible solutions without intermediaries, but still counting on a highly reliable service.

DLS-OCS thus enables new business models and innovative and efficient services. It also provides financial services to those who invest in renewable energies, providing a risk assessment report through the analysis of energy performance within the networks.

The project was co-funded by EIT Digital.

Results

Easy peer-to-peer exchange

More efficient and cheaper exchanges

Elimination of intermediaries and lower bureaucracy

Project value

Innovation
Cost cutting

Enabling Technologies

Blockchain

Project Team

Research & Innovation