5 questions with David Ferguson, Head of Innovation at EDF Energy
Could you define what your job role details and your day to day routine?
Three things: 1) exploring new digital technology, learning by making prototypes; 2) building new algorithms or Proofs of Concept that will end up in the heart of new products or services; 3) advising the business as they roll out new technologies. Practically, it involves talking with the business to understand their challenges; talking to academics and experts about the art of the possible and working with my team to develop ideas that combine the two.
How is your organisation applying blockchain?
Currently, like most organisations, we are trying to find the killer use case that can only be achieved using blockchain! We’re testing applications in the area of peer-to-peer energy trading and electricity certification, but nothing in production yet.
What were the biggest challenges in using this technology?
The fact that 99% of use cases don’t require blockchain.
What can we expect from your team in the next 12 months?
Some live trials with customers as part of the Ofgem regulatory sandbox. We’ll be testing the business model, the market design and the customer participation in a peer-to-peer electricity trading marketplace in Brixton.
What can we expect from blockchain in the next 12 months?
I think we will see the first hints of the new killer use cases. And I expect they will be quite boring-looking but actually very useful. Perhaps something around the machine-to-machine economy.
What are you most looking forward to at the show?
Humanity’s creativity and ingenuity is limitless, so it’s always great to hear about clever applications of brilliant technologies.