An agile system that transforms electricity into a liquid digital asset in the environment of known participants
Established in 2019
Teaser of the company
TRAKEN is a next-generation data tracking, asset management and exploitation tool for smart electrical grids that provides a distributed ledger to manage unique identities and product passports of smart meters. TRAKEN provides infrastructure to facilitate the encrypted, secure and transparent access to prosumer’s smart meters and metering records that would serve as enabler for more flexible reconciliation on physical or financial levels in electricity grids, supporting mobility of user accounts and quicker settlements.
Traken will test and validate the following blockchain-based solution in the scope of BlockStart:
TRAKEN represents a next-generation asset management and data operation platform for smart electrical grids that provides a distributed ledger to manage unique identities and product passports of smart meters and metering records. System will structure and store metadata and provide access to metering records, ultimately creating protocol for creation of standardized product passport for each unique smart meter that would be hashed and written into Blockchain. Platform represents a DER registry, a form of KYC system for smart meters and other equipment assets, and would serve as enabler for more flexible reconciliation on physical or financial levels. In this way we can provide a flow for reporting of all stages of a contract lifecycle to interested parties (inception, signing process, completion of signing, expiry, renewal) in a selectively transparent manner, providing public access to hash commitments without compromising private information of signatories. TRAKEN aims to streamline and digitalize the entire customer journey by providing known environment with the known participants (matched identities of people and equipment), enabling digital onboarding and support services solutions that can be delivered remotely. Eventually this will simplify existing digital processes by reducing the number of steps or operations involved in order to streamline the entire customer journey: from the identification of the service all the way to the signature and delivery.
Meet the Team
EIT Climate KIC Accelerator 2019 / Grantee for First Stage of Company Development
EIT Climate KIC Accelerator 2020 / Grantee for Second Stage of Company Development
ABB Dragon’s Den 2019 / Selected in Top 10 Finalists
EIT InnoEnergy PowerUp! Challenge / Regional Finalist
Total funding received by TRAKEN TECH d.o.o. under BlockStart: €1,000 for Ideation Kick-off event