Dutch port of Rotterdam tests blockchain and AI-based energy technology

According to a report by Cointelegraph, Blocklab, a blockchain company from the Port of Rotterdam in the Netherlands, is experimenting with electricity tariffs to reduce costs and improve new renewables in microgrids. The system, called Distro, was co-developed by Blocklab and S&P World Platts and ran for two months. Distro uses blockchain technology, smart contracts and intelligence (AI) to deliver high-impact, high-energy renewable energy to market customers to improve and manage electricity consumption. The experimentation included the validation, removal and settlement of 20 million blockchain, which resulted in a reduction in costs for consumers by 11% and an increase in revenues for local renewal renewable energy producers by 14%. .