TRAKEN hybrid blockchain architecture combines the security of private blockchains with the transparency of public blockchains. The private blockchain handles sensitive data such as personal and consumption information using a permissioned network, while the public blockchain records transactions and smart contracts, ensuring interoperability and compliance with GDPR and networks like the European Blockchain Service Infrastructure (EBSI). In essence, TRAKEN stands out as the only platform leveraging Hybrid Blockchain Infrastructure for unparalleled scalability, security and regulatory compliance. This innovative approach ensures secure, scalable and efficient transactions, tailored for the energy sector's unique needs.
TRAKEN assigns a decentralized identity (DID) to each energy asset, such as smart meters and producers equipment. This DID system secures asset identities on blockchain, creating a transparent, tamper-proof record of ownership, usage and transactions. By integrating DID, TRAKEN enables secure, flexible management of producers' energy data and contracts. This ensures traceability, enhances security and enables seamless integration and management of distributed energy resources.
TRAKEN’s Advanced Data Ingestion Layer is designed to handle large volumes of energy data in parallel pipelines, ensuring high throughput and real-time data processing. It integrates data from diverse energy sources, providing seamless and secure flow into blockchain networks. With built-in discrepancy control systems at the data entry point, it ensures data integrity and reliability, even under heavy loads. This layer supports real-time monitoring, accurate data availability and integration with external services, enabling efficient energy management and informed decision-making.
TRAKEN’s PPA introduces a novel combination of Ricardian and smart contracts to streamline the purchase of electricity even from small producers. The smart contracts manage complex relationships between stakeholders, allowing also shared ownership and producer syndicates. Ricardian contracts serve as legally binding agreements, while smart contracts execute predefined actions automatically, in real time. This seamless integration reduces legal friction, enhances transparency and enables dynamic energy trading. By automating processes and ensuring compliance with regulatory frameworks, TRAKEN’s PPA facilitates new business models for electricity suppliers and traders, advancing the digital transformation of energy markets.
TRAKEN’s Virtual Power Plants (VPP) allow the aggregation of decentralized energy sources, regardless of size, into a single entity for efficient trading. This lowers the participation barrier, allowing even small-scale producers to access energy markets and trade their surplus energy at competitive prices. With TRAKEN’s platform, all assets are verified and bundled, enabling dynamic trading through self-enforceable power purchase agreements. By optimizing energy production, enhancing grid stability, and offering maximum flexibility, TRAKEN’s VPP helps unlock the untapped potential of millions of small producers, representing billions in market value.
TRAKEN’s Guarantees of Origin (GO) system certifies the renewable source of energy, ensuring transparency and trust in green energy markets. By providing verifiable proof of sustainable energy production, it enables producers to sell their green energy certificates in addition to the energy they generate. This allows producers to earn an additional 5-7 EUR per MWh based on their production technology. TRAKEN’s blockchain-backed GO system promotes sustainability and empowers producers to maximize financial returns, while supporting the global transition to green energy.