Clarifying the path to tokenization
The persistent progress of technology brings many opportunities to improve traditional industries as current approaches need to be rethought. This can also be applied to the energy sector. New innovations, such as blockchain and the internet of things, make energy systems smarter and enable consumers to better benefit from energy services. This increasing digitalization has the potential to transform how people engage with these utilities, by bringing control and transparency back to the end-user.
At the moment, the energy sector is heavily regulated and enjoys a certain lack of transparency. Furthermore, new EU regulation states that the support of prosumers (a consumer who also produces energy) as a new way of producing and consuming energy is very important. With new technologies, such as distributed ledger technologies, the opportunities are endless.
In the current metering & allocation setup, every commercial grid connection is equipped with a meter and associated allocation point. Balance responsible parties (BRPs) are responsible for maintaining supply and demand on the energy market within their own portfolio. Together, all BRPs represent all connections within a scheduling area (for example, the Netherlands).
As the BRPs work on basis of expected production, consumption, and external trade, differences between supply and demand may occur. Reconciliation is done to correct for the difference. New technology, such as smart meters and DLTs, allow for real-time energy allocation based on real energy consumption.
This use-case aims to develop the infrastructure that supports an energy token and embed this in the currently available infrastructure.
Board of advisors
Why this guide
+31 10 206 02 04
Sign up for our newsletter
© 2020 all rights reserved by 2Tokens foundation
This Privacy Statement applies to personal data collected, used and stored by 2tokens.org. This Statement explains the types of personal data we collect from and about you as well as how we use, disclose and protect the data.
Which personal data do we collect and for which purposes?
In order for us to register you for a round table and provide you with a high-quality event experience, we collect information about you as an identifiable person. Such information includes, for instance, your name, contact details, email address, and other personal details. We collect this information directly from you. We might also combine it with the information from other public information sources such as social media.
The following are examples of how we may use the personal data we collect:
– Provide you with the services you request from us and communicate regularly with you to inform you about updates and content that may be of interest to you regarding 2tokens.org
Photography and videorecording
By attending any of the round tables you agree that
You may appear in the photos and videos produced at the event
The organizer may use the photos and the video recording for marketing purposes
Disclosure to third parties
The personal data you provide to us in relation to the 2tokens.org round tables will be shared for the purpose of research with regards to the token financing guide. The personal data shared will be anonymized. It will not be possible to trace the data back to individual participants.
With the exception of the case specified above, we do not disclose your personal data to third parties unless we are legally entitled or required to do so or when we believe that disclosure is necessary to protect our rights, your safety or the safety of others. We may disclose your personal data to third parties with your prior permission to do so.
Your personal data may be transferred, stored and processed in the Netherlands or in any other country in which 2tokens.org maintains facilities. We will take all steps reasonably necessary to ensure that your data is treated securely and in accordance with this Privacy Statement.
2tokens.org may send you newsletters with regular updates. If you do not wish to receive the newsletter, you can always unsubscribe through the link in the email footer. If you continue to receive email communication you do not wish to receive, please contact email@example.com
Your privacy rights
You are entitled to know whether we hold personal data about you and, if we do, to have a copy of that information. Furthermore, you have the right to request us to correct, update or delete your personal data in our records and/or inform us about any misuse of your personal data.
Links to other websites
This Privacy Statement applies only to personal data collected, used and restored in connection with the DutchChain & Odyssey websites. In case we provide links to other websites, we are not responsible for the information practices of other websites.
Changes to this statement
This Privacy Statement may be changed from time to time. Please check our Privacy Statement frequently to stay informed about how we use your personal data. This Privacy Statement is effective upon posting. This Statement was last updated on January 8, 2019.
If you have any questions regarding this Privacy Statement or your privacy, contact us at: firstname.lastname@example.org.