Energy trading platform on blockchain

Lition is a digital marketplace connecting consumers directly with renewable energy producers – simple, fair and inexpensive.

Domain:
Energy
Expertise:
Blockchain
Duration:
~1 year
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About
the project

The objective of the project was to implement a blockchain infrastructure based  trading platform for open and direct energy trading.

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Challenge

Lition approached instinctools with an idea of creating a platform for direct energy exchange within Lition Energy System. The goal of the project was to simplify the legal, operational and economic hurdles for green power producers while facilitating customers to buy truly green electricity at a reduced price.

Tasks

An initial consulting phase ensured clarification of customer needs and purpose of the product. It helped to determine the main tasks for the *instinctools team:

  • Trading platform development including backend, frontend and UI/UX design reflecting Lition corporate style
  • Blockchain-based solution development
  • Consulting and integration of project management methodology and configuration of project management processes

Solution

The end solution met all the customer’s requirements and expectations. Around 10 JavaScript frameworks were implemented to build reliable and functionally rich web application.

Key features

Well-organized development process from goals and needs decision to solution architecture allowed to create the product with the following key features:

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High performance and usability

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Informative dashboard (with information about producers, types of energy, current rates, transactions and contract data)

Option to choose power plants and create several energy supply contracts with Lition

Based on Ethereum and proprietary blockchain

Access to energy market – the platform connects customers and producers to trade energy and receive financial benefits

Possibility to try a live demo and experience the trading platform interface

Result

The platform is currently the key product of the Lition and commercially available for 41 million households in Germany. Customers from more than 30 cities save up to 20% on their monthly energy bill, and producers generate up to 30% more profit. The solution gives users a possibility to support ecological energy plants and help to save the environment.

Lition

Find Out What Our
Clients Say About Us

Lition

Richard Lohwasser

Lition

Richard Lohwasser

Co-founder and CEO of Lition

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Technologies

SCRUM

FE:

  • React
  • Axios
  • Async-validator
  • Babel-polyfill
  • Iban
  • Lodash
  • Pickmeup
  • Plotly.js
  • Prop-types
  • Redux
  • Swiper
  • Web3 and others

BE:

  • Node.js
  • Async
  • Babel
  • Bcryptjs
  • Bluebird
  • Cookie-parser
  • Cors
  • Dotenv
  • Express
  • Handlebars
  • Joi
  • Knex
  • Moment
  • Mysql
  • Needle
  • Nodemailer
  • Package.json
  • Redis
  • Redlock
  • Soap
  • Sqs-consumer
  • Winston and others

Blockchain:

  • Solidity
  • Quorum
  • Web3
  • Truffle
  • Node-fetch
  • Enzyme
  • Readline-sync and others
  • Eslint
  • Jest
  • Prettier
  • Supertest

Do you have a similar project idea?

Anna Vasilevskaya
Anna Vasilevskaya Account Executive

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