Spanish power company Endesa to launch blockchain lab

Endesa has announced that it is creating its first laboratory that focuses on blockchain technology with the aim of obtaining new applications and user cases specific to the energy industry and which can be applied to the Spanish market.

“Some say that this technology may change everything and others that it could be the most important this century but what is true is that it is an unstoppable phenomenon in the Internet world. The potential for blockchain is enormous and Endesa wants to be in the forefront. That is why the company is creating its first laboratory that focuses on this technology with the aim of obtaining new applications and user cases specific to the energy industry and which can be applied to the Spanish market,” said Endesa.

The announcement was made alongside the launch of a new challenge focusing on blockchain technology for the electricity industry. The company will be accepting applications from 01 November 2016 to 31 January 2017, through Endesa Energy Challenges, the company’s new collaborative platform that seeks, together with entrepreneurs, new energy efficient products and services.

Endesa is a leading company in the Spanish electricity sector.