Blockchain for the energy market. Erwin Smole gridsingularity.com

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1 Blockchain for the energy market Erwin Smole gridsingularity.com

2 Company Name: Grid Singularity GSy GmbH Place: Vienna, Austria Date: Feb Co-founders: Ewald Hesse CEO Dr. Ana S. Trbovich STRATEGY Erwin Smole SALES Dr. Gavin Wood BLOCKCHAIN Dr. Aeron Buchanan BLOCKCHAIN Dr. Jutta Steiner BLOCKCHAIN

Blockchain Basics Decentral Network Distributed Nodes confirm transactions in sequential intertied blocks

Public Key Infrastructure at the core of the system Collateralized trust Decentral Virtual Machine Distributed

Transaction speed of network is the equivalent to processor chip speed.

3 Blockchain Basics Decentral Network Distributed Nodes confirm transactions in sequential intertied blocks through a Consensus Mechanism. Public Key Infrastructure at the core of the system Collateralized trust Decentral Virtual Machine Distributed Nodes contribute with virtual computational capacity to the network. Transaction speed of network is the equivalent to processor chip speed. Smart Contracts Programmed, automatic transactions performed in sequential manner. Terms managed by computers representing interests of parties. Block 12 Prev_Hash Timestamp Tx_Root Nonce Block 11 Prev_Hash Timestamp Tx_Root Nonce Block 10 Prev_Hash Timestamp Tx_Root Nonce

4 Validation which approach for the energy market? Energy market : High volume of transactions and very time sensitive! Need for fast, efficient and low cost solutions Proof of Work (PoW) Proof of Stake (PoS) Proof of Authority (PoA) Mining/Miner Electricity demand for mining (work) high Cost of production Period: Bitcoin: 10 min Ethereum: 10 sek Limited cases in the energy sector Next development of PoW Approval based on Stakes Lower energy demand and lower costs compared to PoW New Approach Authorities are approving transactions Actual test online at Should be fast enough to get 1 Mio transactions in 1 second

5 Distributed Operating System GRID EDGE ID = SIM CARD FULL INTEGRITY TRANSLATE.. AUTHENTICATE.. ENCRYPT.. SAVE.. DATA BLOCKCHAIN NODE

7 Login / App Store Source: Ethereum Mist Browser

13 Why the Energy Web Foundation?

14 Our core beliefs Blockchain will be transformative Nobody should own thetechnology We should jointly develop a common good

15 Affiliates - Advisory Board Technology Provider Foundation Council Jesse Morris Principal, RMI Dr. Herve Touati MD RMI President, EWF Dr. Christoph Frei Secretary General of the World Energy Council Ewald Hesse CEO, GSy Vice-President, EWF Dr. Ana S. Trbovich Strategy, GSy

Nobody should own the technology Owning applications is

REC Market Regulating reporting Proprietary For profit Easy

(core and additional functionalities) Open source

16 Nobody should own the technology Owning applications is fine not the shared infrastructure Application P2P network REC Market Regulating reporting Proprietary For profit Easy Block chain infrastructure Interoperable multichain system (core and additional functionalities) Open source Not-for-profit Hard Device interface Coal Gas Nuclear Hydro Wind Solar DER

IT Infrastructure Proposed approach EWF will finance and provide access to the two bottom layers Application Block chain infrastructure P2P network REC Market Regulating reporting Key features:

17 IT Infrastructure Proposed approach EWF will finance and provide access to the two bottom layers Application Block chain infrastructure P2P network REC Market Regulating reporting Key features: micropayment channels, authentication, data access management Core Ethereum client ( Parity ) Proof of Authority -based consensus mechanism Developed by Utilities, corporates, Start Up s Device interface Coal Gas Nuclear Hydro Wind Solar DER OEM s Start Up s

18 Timeline Proof of Concept Start building Minimum viable Products Test Phase MVP Software updates in 3 month cycles - constant community feedback

19 We have started to build the eco-system Many of the 100 or so startups are in the room today

20 Consensus Mechanism - Test Network Permissioned Validator - Public network Ethereum Testnetwork Kovan Network Statistics Network Browser Parity Clients

21 Features Catalogue PoA contract + UI admin Deployment Tooling Permission txs Unit tests Permission transport layer General deployment of Alpha Netstats 2 & Structured logging Network tests & empirical research Money on chain Code Audit Documentation (Deployment) Documentation (API) Education Hackathons Dev events Encrypted contracts IPFS integration IoT image Tx signing device Name registry KYC Hardware ID registry Events library Secret Store Data exchange Data access control Light client Raiden Data notarization contract Ewasm upgrade Casper Protocol UI library Zk-snarks Polkadot Smart Contract library (expressive) Smart Contract language Device domain management Debug tools Comms protocols Commercial PK management IDE

22 Features Catalogue / Energy Related PoA contract + UI admin Deployment Tooling Permission txs Unit tests Permission transport layer General deployment of Alpha Netstats 2 & Structured logging Network tests & empirical research Money on chain Code Audit Documentation (Deployment) Documentation (API) Education Hackathons Dev events Encrypted contracts IPFS integration IoT image Tx signing device Name registry KYC Hardware ID registry Comms protocols Secret Store Data exchange Data access control Light client Data notarization contract Ewasm upgrade UI library Events Developer library Resources Debug tools IDE Extensions Zk-snarks Casper Infrastructure Raiden Advancements still in development Polkadot Protocol Smart Contract library. (expressive) Smart Contract language

23 Agile Development Stage 1 Alpha Release / Beta Release / Backlog PoA contract + UI admin Netstats 2 & Structured logging Deployment Tooling Network tests & empirical research Permission txs Unit tests Money on chain Permission transport layer Code Audit General deployment of Alpha Documentation (Deployment) Documentation (API) Education Hackathons Dev events Encrypted contracts IPFS integration IoT image Tx signing device Name registry KYC Hardware ID registry Events library Secret Store Data exchange Data access control Light client Data notarization contract Ewasm upgrade UI library Zk-snarks Smart Contract library (expressive) Smart Contract language Debug tools Comms protocols IDE Raiden Casper Protocol Polkadot.

24 Agile Development Stage 2 Alpha Release / Beta Release / Additional / Backlog PoA contract + UI admin Deployment Tooling Permission txs Unit tests Permission transport layer General deployment of Alpha Netstats 2 & Structured logging Network tests & empirical research Money on chain Code Audit Documentation (Deployment) Documentation (API) Education Hackathons Dev events Encrypted contracts IPFS integration IoT image Tx signing device Name registry KYC Hardware ID registry Events library Secret Store Data exchange Data access control Data notarization contract UI library Smart Contract library Debug tools IDE Light client Ewasm upgrade Zk-snarks (expressive) Smart Contract language Comms protocols Raiden Casper Protocol Polkadot.

Organizational structure Affiliates / Regulators / Start-ups Ecosystem Technical Committee Reviews / Advisory Core Team Software Architecture Design Client

25 Organizational structure Affiliates / Regulators / Start-ups Ecosystem Technical Committee Reviews / Advisory Core Team Software Architecture Design Client Development API Team Point of Contact to Ecosystem Documentation / Wiki Hackathons / Use Cases Community Building Energy Web Foundation Developer Hub Berlin

26 Welcome in the digital energy market Erwin Smole

ICO Review: Raiden Network (RDN)

ICO Review: Raiden Network (RDN) Scalable Transfers for Ethereum October 10, 2017 What is Raiden Network? Raiden is an payment network built on top of the Ethereum network. PAYMENT CHANNEL NETWORK It aims