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Vattenfall together with 22 European energy utility companies has developed a trading platform, which is based on [link url=https://www.youtube.com/watch?v=r43LhSUUGTQ target=_blank] Blockchain technology [/link]. Without the prerequisite of an intermediary institution – such as a bank – transaction costs are reduced, while security levels are maintained. The project, which is being tested until 2017, shall also be used for the management of microgrids.