Blockfint has built Gideon, a multi-dimensional energy trading platform utilizing both Artificial Intelligence (AI) technology to automatically match the price bid & price offer and Blockchain technology to promote a seamless, secure, and transparent platform.
Peer-to-peer (P2P) trading system does not only allow the buyers and sellers to directly interact without the intermediates, but it also enables consumers to trade their excess energy and become a “Prosumer” at the same time. This strongly leads to cheaper electricity charges and an enhancement of a pure renewable energy (RE100) project. Blockfint has built Gideon, a multi-dimensional energy trading platform that utilize both Artificial Intelligence (AI) technology and Blockchain technology to automatically match the price bid & price offer and to promote a seamless, secure, and transparent platform, respectively. Gideon platform has been implemented for the first time ever at Chulalongkorn University in the specific area in order to collect valuable data and feedback necessary for betterment of renewable energy production and consumption.
Chula Smart Campus has been prospected to be the prototype for intelligent and innovative city under its 5 main conceptual key successes; SMART ENERGY, SMART ENVIRONMENT, SMART MOBILITY, SMART SECURITY, and SMART COMMUNITY. With that said, Gideon is the perfect solution for the SMART ENERGY by executing the Trading Agent and Smart Contracts technology into trading.
For the first step of the project, Metropolitan Electricity Authority (MEA), Chulalongkorn University (CU), and Energy Absolute (EA) signed an "MOU for the Chula Smart Campus experimental project bringing a peer-to-peer electricity trading platform and smart building.” EA partners with the Blockfint to test the online energy trading platform.
Next move, Gideon and CU will do the research on the effects of energy trading. In this project, Trading Agent technology powered by Reinforcement Learning will act on the behalf of building owners to place bid/offer price through Gideon platform and Smart Contracts will find the optimal price where the buying and selling meet. Ultimately, the different of algorithms between CU trading and Gideon trading will be shown for the approaching of energy sustainability development in the future.
Gladly, Gideon is having a great chance to implement our trading platform in the PEA sandbox that allows Gideon to apply our platform in other energy sources apart from solar energy.
Gideon has great opportunities to deploy the platform on EA Solar Nakhon Sawan power plant (ESN) as a pilot project at Nakhon Sawan, Thailand. The purpose of the project is to seek new opportunities on energy trading business.