Morpheus Labs

Build, develop & implement innovative solutions

Energy Trading Platform

The energy markets involve complex procedures that require third-party intermediaries such as brokers, trading agents, exchanges, price reporters, logistic providers, banks and regulators. Procedures involve manual post-processing and intense communications to consolidate information held separately by people at each part of the transaction, which is slow and time-consuming, as transactions need to be verified and reconciled multiple times from initialization to final settlement. Slow transactions and exchanges lead to frictional costs prohibitive to small-scale and distributed generators, in effect pricing them out of the market.

The use of blockchain will allow better transparency and lower costs in energy trading. It could eventually even facilitate cross-border energy credit trading. The distributed ledger system effectively eliminates the need for verification processes at a centralized entity, reducing costs and allowing small energy consumers and producers to participate.

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