Cryptocurrencies
Blockchain a Savior for Stretched Computers at Energy Trader
- Technology could provide backbone structure for energy markets
- Live trading trials seen across Europe during this year
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Vattenfall AB, already one of Europe’s biggest energy traders, plans to expand further and needs blockchain technology to do some of the heavy lifting in its computer systems.
The Swedish utility is feeling the strain from processing as many as 8,000 deals a day in continental Europe. That number is expected to multiply several times in the next few years as the company seeks to profit from the unprecedented shift toward a greener and more decentralized market.