YPF Luz and Justoken launches Alliance to tokenize renewable energy contracts in Argentina

The energy company YPF Luz and the firm Blockchain Justoken They joined to develop a digital platform that will allow to market and manage energy with technological support from block networks. The system will give traceability and open the market to new investors.

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• YPF Luz y Justoken They promote a platform to tokenize energy contracts in Argentina.
• The system will offer traceability, cost reduction and greater accessibility to energy projects.
• It will be operational before the end of the year, with expansion plans to other countries in the region.

YPF Luz, one of the main generators of electricity in Argentina, and Justoken, company specialized in solutions Blockchain Business, formalized a strategic alliance with an innovative objective: to create a digital platform that allows to market and manage electrical energy automatically, safely and reliable.

The initiative seeks to integrate the tokenization of energy contracts with digital management, which will allow traceability to the contracted energy, reduce operating costs and improve efficiency in administrative and commercial processes. The proposal marks a significant step in the convergence between Blockchain and the energy sector, both companies indicate in a statement sent to Diariobitcoin.

The platform and its initial scope

On the launch of this solution, the companies indicated that the platform will be operational before the end of the year in Argentina. In a first stage, it will apply to renewable energy contracts that supply the demand for industrial clients in the Renewable energy term market (MAT).

The choice of Mater It responds to the growing need for traceability in green projects and the interest of companies in ensuring that their energy consumption comes from certified renewable sources. Tokenization will allow a safe, transparent record and with real -time access to contractual conditions.

In the future, the system will be extended to other types of contracts and technologies, opening the door to a greater participation of new investors and industries. The development Roadmap also contemplates the inclusion of other generators and the expansion of markets in the region.

Benefits for users and industry

The promoters of the project highlighted several key benefits. Among them, the possibility of realizing in real time of the contracted energy, its contractual conditions and the state of the accounts. In addition, users will be able to participate in tokenized energy projects, which democratizes access to energy investment.

The platform also promises operational efficiency through instant reports that will facilitate continuous monitoring and regulatory compliance. Another of the contributions indicated is sustainability, contributing to the most efficient use of energy and consolidating technological innovation within the energy sector.

Eduardo Novillo Astrada, CEO and co -founder of Justoken, He stressed the importance of the initiative by stating that it is “a historical milestone in the energy industry. ” He stressed that transparency and liquidity associated with tokenization are integrated for the first time into an energy generator of the magnitude of YPF Luz.

For its part, Martín Mandarano, CEO of YPF LuzHe explained that this development will facilitate new ways of hiring energy. “This project will modernize the electric market”, He said, highlighting that the Alliance opens a path to transform the way in which companies and industries access energy contracts.

The alliance between both companies feels a precedent for the development of energy platforms based on Blockchain In Latin America, with regional expansion potential and impact on the transition to cleaner and more transparent energy models.

With information from the statement shared by YPF Luz and Justoken

Angel Di Matteo / article Diariobitcoin

Image courtesy of YPF Luz

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