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PlatONE modernizes energy grids using blockchain technology.
PlatONE emerges as a pioneering European Union-funded project under the Horizon 2020 program, with a mission to modernize electricity distribution networks by integrating state-of-the-art blockchain technology and microservice-based platforms. At its core, the project seeks to address pressing challenges facing Distribution System Operators (DSOs), particularly in managing complex and decentralized grids with an increasing reliance on renewable energy sources. The initiative establishes a modular open-source framework comprising a DSO Technical Platform, a Flexibility Market Platform, and a blockchain-based data exchange layer. Its multi-faceted strategy aims to promote efficient and fair market participation while maintaining compliance with existing regulatory standards. PlatONE’s technical architecture epitomizes innovation by adopting a cloud-native microservices approach, enabling seamless interoperability with diverse systems. The blockchain layer is pivotal in breaking traditional access barriers, effectively allowing small power producers and consumers to certify their energy data and engage in peer-to-peer open market systems. Functionalities such as state estimation, load...
PlatONE emerges as a pioneering European Union-funded project under the Horizon 2020 program, with a mission to modernize electricity distribution networks by integrating state-of-the-art blockchain technology and microservice-based platforms. At its core, the project seeks to address pressing challenges facing Distribution System Operators (DSOs), particularly in managing complex and decentralized grids with an increasing reliance on renewable energy sources. The initiative establishes a modular open-source framework comprising a DSO Technical Platform, a Flexibility Market Platform, and a blockchain-based data exchange layer. Its multi-faceted strategy aims to promote efficient and fair market participation while maintaining compliance with existing regulatory standards. PlatONE’s technical architecture epitomizes innovation by adopting a cloud-native microservices approach, enabling seamless interoperability with diverse systems. The blockchain layer is pivotal in breaking traditional access barriers, effectively allowing small power producers and consumers to certify their energy data and engage in peer-to-peer open market systems. Functionalities such as state estimation, load prediction, and microgrid management offer utilities the capacity for dynamic adaptation and integration with proprietary or third-party cloud structures. PlatONE champions the cause of decentralized, automated processes that promise to unlock grid flexibility and enhance economic efficiency. The platforms’ functionality has been validated through extensive European trials and in collaboration with international research endeavors, showcasing their adaptability and scalability. The consortium comprises partners from DSOs, equipment and software sectors, and research bodies from multiple European nations, reflecting a concerted effort to revolutionize energy management in alignment with global energy transition trends. PlatONE concluded successfully in 2023, delivering a robust, blockchain-enabled framework geared towards sustainable and resilient grid operations.
PlatONE is a financial-grade blockchain platform designed to provide robust enterprise solutions. It operates across various industries, including payment, settlement, AI, IoT, healthcare, credit systems, advertising, and key management. Utilizing advanced consensus protocols, PlatONE aims to deliver a decentralized, scalable, and secure blockchain ecosystem.
PlatONE supports different consensus protocols, including Concurrent BFT and Optimized BFT. The Concurrent BFT allows simultaneous block generation and verification, enhancing speed while maintaining fault tolerance. In contrast, Optimized BFT features an unlocking mechanism to avoid deadlocks and supports over 100 nodes, achieving a consensus in just one second on the test network.
PlatONE provides financial-grade solutions with a focus on decentralization, scalability, and speed. The platform's ability to utilize pluggable consensus protocols like Concurrent BFT and Optimized BFT ensures swift transaction times and robust security. Additionally, the integration of VRF and probability distribution enhances the selection of consensus nodes, balancing efficiency and decentralization.
PlatONE employs Virtual Random Function (VRF) and probability distribution methods to randomly select consensus nodes, balancing the need for decentralization and scalability. This approach allows PlatONE to support numerous consensus nodes while maintaining rapid block generation and transaction confirmation times.
PlatONE's blockchain platform is versatile and can be utilized in a wide range of industries, including payment and settlement, artificial intelligence (AI), Internet of Things (IoT), healthcare, credit systems, advertising, and key management. Its financial-grade capabilities make it suitable for enterprise-level applications across these sectors.
To address consensus deadlock challenges, PlatONE's Optimized BFT protocol incorporates an unlocking mechanism. This feature ensures the blockchain can handle over 100 consensus nodes without interruptions, maintaining smooth and efficient operations across the network, and enabling quick consensus in just one second in the test environment.
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