Europe's largest port is ready to launch its blockchain-enabled energy trading platform, with the help of its development group, BlockLab. Based in Rotterdam, the platform will let companies at the port choose their energy sources based on the time of day, availability and cost, while smart contracts will quicken the process. blockchain is slowly being incorporated into the shipping and trading industry, mainly to improve transparency and trust. While it cannot solve every issue, BlockLab hopes success in Rotterdam will lead to further trials across European ports.
Europe's largest port is ready to launch its blockchain-enabled energy trading platform, with the help of its development group, BlockLab. Based in Rotterdam, the platform will let companies at the port choose their energy sources based on the time of day, availability and cost, while smart contracts will quicken the process. Blockchain is slowly being incorporated into the shipping and trading industry, mainly to improve transparency and trust. While it cannot solve every issue, BlockLab hopes success in Rotterdam will lead to further trials across European ports.