SunContract Partners with Global Leader Microsoft
23 May 2018, Portoroz, Slovenia
Blockchain-powered peer-to-peer retail energy trading platform SunContract today announced that it has entered into a strategic partnership with Microsoft. SunContract and Microsoft signed agreement at the Microsoft NT Conference 2018 at Portoroz, Slovenia on 23rd May 2018.
The strategic cooperation between SunContract and Microsoft aims to leverage the Azure Blockchain Workbench, a platform that is being developed by Microsoft that will host and run the SunContract platform. The Blockchain Workbench can reduce app development time from months to days. An intelligent platform, it will automate the process of infrastructure development so that developers can focus on application logic and business owners can focus on defining and validating their use cases.
Speaking on the sidelines of the event, SunContract CEO, Gregor Novak said that he was extremely pleased and proud with this development. “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.”
“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,” said Tomaž Valjavec, Director, Solution sales team at Microsoft.
SunContract is Slovenia-based and the world’s first peer to peer retail energy trading platform based on blockchain. It consists of a team of expert professionals with over 20 years of experience in the energy sector. Through this unique platform, SunContract has opened the energy market to individuals that have traditionally been controlled by the whims of state-owned, or sponsored, energy producers. Through the SunContract platform, individuals, especially homeowners, can now choose whom to buy, sell or trade electricity with.
Through the platform, people will now be able to buy electricity, solar power plants, heat pumps and storage units and select between a wide array of energy products and services. Individual energy producers leveraging the power of the sun or other natural sources can now sell their surplus power through the platform at their own rates and become energy independent in the process.
SunContract has already started peer-to-peer retail energy trading services in the Slovenian market from April 1st, 2018. It looks at expanding its footprints to other EU member states as well as to USA, Japan and other countries. The strategic partnership with Microsoft not only gives it an agile platform to build its services on but also serves as a great awareness exercise and opens up limitless possibilities and opportunities, not only within the EU, but in countries around the world.
Winfred K. Mandela
CMO — SunContract
SunContract is an energy trading platform that directly connects energy producers and consumers into an energy pool based on smart contracts. Blockchain technology takes over the role of the middle man as a trusted technology infrastructure. The blockchain technologies are implemented into existing energy distribution systems without changing the general energy regulation framework. We have already developed and launched our pilot project which is in use on a national level in Slovenia for a start. We are currently working on expansion, adoption and introducing a fiat gateway on the platform for users to purchase electricity directly on the platform without the need for a cryptocurrency exchange.