Energy Trading Platform SunContract To Use Microsoft’s Workbench
SunContract, a blockchain-powered P2P retail energy trading platform, has entered into a strategic partnership with Microsoft. The partnership agreement, signed at Portoroz, Slovenia on 23 May 2018 at the Microsoft NT conference, aims to leverage the Azure Blockchain Workbench, which enables to start and scale blockchain projects quickly. Microsoft will host and run the SunContract platform.
Microsoft Workbench, an intelligent platform, has the capability to reduce app development time from months to days. It can automate the process of infrastructure development, thereby allowing developers to focus on application logic. Furthermore, it enables business owners to focus on clearly structure their use case and perform validation.
SunContract CEO, Gregor Novak said
“We intend to establish a long term strategic cooperation in the blockchain industry with Microsoft. With Workbench, Microsoft has entered the blockchain space in a big way and its technology will dramatically reduce development costs and accelerate time to value for developers, independent software vendors and integration partners alike. We are sure that with the global leadership of in software development, the SunContract platform will become more agile and can host a wide variety of use cases that we have envisioned for our customers in a bid to become energy self-reliant.”
Tomaž Valjavec, Director, Solution sales team at Microsoft stated
“Microsoft’s vision is to provide blockchain technology that drives real business and economic value. For that end, we are striving to be an ideal tech partner for organizations such as SunContract that are using blockchain technology, offering them our many technical innovations, enterprise experience, and collaborations across business, government, standards and policy.”
SunContract is the world’s first blockchain based P2P retail energy trading platform. The company is run by professionals with more than two decades of experience in the energy sector. SunContract has successfully opened energy market to individuals who can now choose their counterpart in electricity trading. Traditionally, the market was controlled by government agencies and large energy producers.
The platform allows people to buy electricity, heat pumps, storage units, and even solar power plants, in addition to a wide range of energy products and services. Likewise, individual energy producers can use the platform to sell their surplus power at their own rates.
Since April, 2018, the company has already started P2P retail energy trading services in the Slovenian market. SunContract is planning to expand its operations to other EU member states and to USA, Japan and other countries. The partnership with Microsoft provides SunContract a flexible and robust platform to build its services, thereby opening up unlimited opportunities across the globe.