Blockchain in the Energy Sector
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This course offers a blended learning experience; join the Workshop at ESMT Berlin aimed to professionals with experience in the blockchain technology who want to put their knowledge into practice and share with their peers. (Read further details below).
This free digital course offers an overview of how and why blockchain has the potential to disrupt the energy sector, optimise conventional processes, and empower customers as never before.
You will look at how blockchain works and gain an insight into the background, value proposition, and geopolitical context that have brought it to the centre of the energy debate.
What is the business case for blockchain in the energy sector? The idea is to make it easier in complex buyer-seller interactions to create contracts between key players in the market via peer-to-peer transactions. This reduces – or even removes – the role of intermediary agents.
Blockchain supporters claim that this would reduce transaction costs and support streamline the relationship between buyers and sellers, thereby achieving an optimal relationship supply and demand balance.
As energy production becomes increasingly available to individuals, through household solar panels, wind turbines etc.; and as new markets emerge, e.g. electric vehicles, many believe that blockchain is set for rapid growth, presenting the energy sector with considerable opportunities. Key areas of interest include: metering and billing, asset management, emission allowances, and renewable energy certificates.
We want to highlight the high-level aspects of blockchain methodology, illustrating its economic potential with business case examples.
The course provides an overview of how and why blockchain has the potential to fundamentally disrupt the energy sector, optimising existing processes and empowering customers in ways that were previously unimaginable, creating a new paradigm, where users can buy and sell energy to and from one another.
Intended learning outcomes
By the end of the course, you will be able to:
- Describe the characteristics of blockchain and digital currencies.
- Synthesise the value proposition of blockchain for a specific company.
- Explore the potential that smart contracts have in different fields.
- Identify which sectors will be most heavily affected by blockchain technology.
Methodology and assessment
In this four-week course, you will cover the following topics. You will be required to spend up to three hours’ learning time per week.
- What is blockchain?
- Digital currencies
- The evolution and future of blockchain
- Smart contracts and applications
- Blockchain in the energy sector: the new paradigm
- P2P energy trading
- Blockchain applied to EV charging
This course is designed for a wide variety of energy sector professionals, including policy makers, energy company employees, and financial and business experts.
A technical background or previous knowledge of blockchain is not required.
Workshop at ESMT Berlin
The workshop builds on this online course “Blockchain in the Energy Sector” and aims at professionals who want to develop use cases for their companies and build a network of peers driving the dissemination within their organisations. It is intended to be a mixture of short input sessions, application workshops and the opportunity to learn from other participants and from a practitioner case study.
Date: Friday, 16 March 2018, 9am – 5pm
Fee: 1.200€ (incl. VAT 19%)
The agenda of the day will build upon the following sessions:
Session 1: What are the technology characteristics of Blockchain, and how can we think of applications within our companies?
After an introduction of the participants and specific expectations to the workshops, we will recap the technological features and characteristics of Blockchain in a team game allowing to achieve a common understanding as well as to get to know each other better.
Based on practical examples, we will introduce a framework to think about Blockchain applications from the business side, which will build the base for working on individual use cases.
Session 2: How can we be creative in searching for business applications of Blockchain technology?
In this session, we will first discuss perceived limitations to becoming creative. In a short test, participants can check their creativity potential. We will introduce techniques to increase creativity and apply them in order to develop potential use cases of Blockchain.
Session 3: How can we derive a project plan for our Blockchain use case and what do we have to consider to enable seamless implementation?
After an introduction of a framework to sketch out a project plan and define steps for implementation, participants will work on detailing their own projects. In a second step, they will share their plans in peer coaching to allow for optimization of their ideas.
Session 4: What can we learn from projects that are already in implementation?
In the last session, a practitioner will present a use case in implementation. Participants will have the opportunity to ask for lessons learned and best practices.
If you’re interested in learning more about Blockchain in the Energy Sector click on the following link and book your ticket now!