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Author Topic: EFT - Energy Flexibility Token by World Energy Consortium  (Read 97 times)
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March 23, 2019, 05:36:04 AM

The Energy Flexibility Token (EFT) is a universal transactive energy token built on Ethereum. EFT enables the settlement of energy transactions. Emporium is a decentralized application that uses EFT that acts as transactive energy exchange platform. EFT works at the protocol level, is owned and operated as an industry consortium with governance from its stakeholders. EFT leverages an independent main-chain / side-chain architecture empowering anyone to leverage the EFT protocol.

The Emporium Transactive Energy Platform revolutionizes the relationships between customers, energy companies and the grid under the new emerging transactive energy paradigm.

Wholesale energy markets have been operating based on transactive energy principles for decades; that is reacting in real-time to demand and price fluctuations via actual operating spot markets. However, for the first time now we have the potential to disrupt the utility-centric business model, apply the transactive energy principles to utility distribution systems and business models, and to utility-customer relations – all enabled by the growth of DERs and the IoT revolution. The global electricity system is driving towards a future full of DERs, physically located everywhere, in all shapes and sizes, both in front and behind the meter. This transformative transition is, in turn, creating customers who are both savvy producers and consumers of electricity (“prosumers”).

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