Gas grid operator DESFA plans to strive for improved management of its facilities and strengthened liquidity in the secondary gas market by applying blockchain technology to its systems.

DESFA is currently conducting a feasibility study in cooperation with the Aristotle University of Thessaloniki in order to examine the prospect of integrating this technology into its systems.

Blockchain technology, an advanced database mechanism that allows transparent information sharing within a business network, is used by energy companies to create peer-to-peer energy trading platforms and streamline access to renewable energy.

DESFA’s interest in using blockchain technology has a dual objective. On the one hand, the company will seek to optimize the use and management of its facilities and, on the other, to develop tools that will enable grid users to carry out transactions more easily and automatically.

As for the secondary gas market, the system’s ability to simplify transactions is expected to directly impact market liquidity.

DESFA, making use of the ongoing feasibility study’s results, is expected to present an initial plan to RAAEY, the Regulatory Authority for Waste, Energy and Water, by the end of the year.

If the authority approves this plan, DESFA intends to launch a pilot project in 2024.