Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

In this list
Electric Power

Energy-related blockchain applications making their presence felt in commodity markets

Agriculture | Energy | Coal | Electric Power | Natural Gas | Oil | Metals | Petrochemicals | Shipping

2020 US Elections

Electric Power

Platts M2MS-Power

Electric Power | Renewables | LNG | Infrastructure Utilities

Caribbean Energy Conference, 21st

Oil | Crude Oil

Pipeline attack halts exports from Iraq's Kurdish region

Electric Power | Renewables | Oil

Future US climate proposals depend on makeup of Senate in 2021, but compromises possible

Listen: Energy-related blockchain applications making their presence felt in commodity markets

Energy-related blockchain applications and platforms are beginning to work their way into commodities markets, where distributed ledger technology can streamline processes like tracking oil inventories or renewable energy certificates.

With such goals in mind, Evan Caron co-founded Swytch, a company that is using blockchain to help a major international financial institution track its energy use down to the kilowatt-hour level. The system captures all the data required for a REC.

There are over 10 REC tracking systems across the US in various ISO and carbon markets, but if the data is not standardized it is difficult for a REC created in one part of the grid to be transferred or sold as an offset in another grid, according to Swytch.

Caron believes his company has designed a solution to that problem and many others that can improve energy market functionality, which he discusses with Jared Anderson, senior writer covering North American power markets for S&P Global Platts.