YPF Luz and Justoken have formalized a strategic alliance to develop a digital platform that will allow the automatic, secure, and reliable commercialization of electric energy.
This innovative platform will use blockchain technology to provide traceability of the contracted energy, allowing for tokenization, as well as automating commercial and administrative processes, reducing operational costs, with efficient and secure management of energy data.
The platform is expected to be operational before the end of the year in Argentina, and in an initial stage, it will be applied to contracts for renewable energy supplying demands from industrial customers (MATER) with the possibility of expanding to other types of contracts and technologies, opening up to new investors and industries.
The development roadmap includes plans for other generators to join the platform, with intentions to also expand the platform to other countries in the region.
Key Benefits:
● Traceability: real-time tracking of contracted energy, contractual conditions, and account status.
● Accessibility: enabling users to participate in tokenized energy projects.
● Operational efficiency: instant reports facilitating real-time monitoring and regulatory compliance.
● Sustainability and innovation: contributes to the efficient use of energy. Sets a precedent in technological and energy innovation.
“This is a historic milestone in the energy industry,” stated Eduardo Novillo Astrada, CEO & Co-Founder of Justoken. “Our technology, the transparency and liquidity associated with tokenization are integrated for the first time with an energy generator like YPF Luz.”
“This development that we are carrying out with Justoken will enable new ways of contracting energy and modernize the electricity market,” stated Martín Mandarano, CEO of YPF Luz.
About Justoken
Justoken (formerly Agrotoken) is a company specialized in enterprise blockchain solutions focusing on the digitization and tokenization of real-world assets.
With proven experience in multiple sectors such as agriculture, energy, mining, and finance, the company offers advanced technological infrastructure and tailor-made solutions that enable companies to digitally transform their operations and unlock new value opportunities.
