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Blockchain technology in the energy sector

Wien Energie is actively researching the use of blockchain technology for the decentralized, uncomplicated handling of transactions in the energy industry. At the beginning of 2017, a pilot project for gas trading was carried out together with the oil companies BP and Eni, the business consultant Ernst & Young and the blockchain start-up BTL. The aim of the pilot project was to build up know-how for the blockchain technology together with the partners and to test the new technology for its opportunities and advantages. By means of different experimental arrangements with the technology, new insights into the use of blockchain in the energy business are to be gained or possible process optimization and cost savings are to be explored.