TYMLEZ development backed by research
Whenever a new technology emerges, research is conducted to fully grasp the possibilities and opportunities this new technology can bring to the world. At TYMLEZ we recognise the need to understand new technology first before it can be successfully used in an enterprise environment. Blockchain is the latest in technology advancement thus a team of researchers at TYMEZ is working on possible use cases for Blockchain. Our researchers are also working in the public domain to share the findings of their research. Below is a list of research done on behalf and in cooperation with private- and public organisations.
Exploring governance in a decentralized energy trading eco-system
Increasingly, large tech firms dominate eco-systems. From a societal perspective this is not always beneficial since these companies behave as value extractors; they charge an unreasonable high fee for their services and they can do so because they are monopolists. A possible solution to this substantial power concentration can be decentralized eco- systems, e.g., enabled by blockchain technology, in which decision power is distributed fairly. However, this comes also with the requirement that such eco-systems need a decentralized governance model. This paper explores if such a governance model can be represented by conceptual models, in particular, e3value. We answer this question by designing a decentralized eco- system in the field of electricity supply, which enables peer to peer energy trading, and checking if important governance decisions, motivated by a systematic literature review, can be represented.
Published: May 2020
OurEnergy - Decentralised Trading with Optimal Energy Exchange
The OurEnergy project envisions a new energy market that helps to increase the effective utilisation of local renewable energy sources through a platform designed for peer-to-peer trading of energy. The trading platform, which is built on top of the TYMLEZ platform, introduces a new market on which energy can be exchanged, for example, among the members of a local energy community, and makes use of blockchain technology to provide full transparency and guarantees about the origin of energy.
Published: March 2020
Governance in peer-to-peer networks is a design problem
Abstract. Peer-to-peer networks are gaining momentum, and its revolution is accelerating. Examples of peer-to-peer systems are Bitcoin and Corda, which are enabled by blockchain technology. Even the firmest supporters of blockchain, acknowledge the most significant challenge for successful adoption and growth of peer-to-peer networks is governance in a decentralized way. A lack of governance design poses a risk, as the decentralized network will not prevail in the long term which can even lead to a centrally orchestrated system. In this paper, we argue that the finding an appropriate governance structure is a design problem.
Published: February 2020
Research in the energy sector for peer-to-peer trading
This study aimed to create a step-wise approach towards building a good and sustainable blockchain business case. This step-wise approach is created by combining already existing and proven methods. Section two is devoted to the blockchain and its technology. It will give a short but in depth insight in the workings of blockchain. Section three will go into the business cases around blockchain, how they should be created. The problem in the crosshair of this thesis is the lack of available guidance and knowledge during the design phases in most blockchain projects.
Published: November 2019
A minimalistic decision tree for blockchain business cases in healthcare
Abstract. Distributed Ledger Technology (DLT) is an emerging technology to remove middlemen from an eco-system. However, many DLT/BC projects are very technologically oriented and fail to address the business case and the re-design of its eco-system. Therefore, many DLT/BC projects do fail. We propose a minimalistic decision tree to check whether a business case is suitable for implementation by DLT/BC technology and evaluate the tree in the healthcare domain.
Published: December 2019
Early Identification of Potential Distributed Ledger Technology Business Cases Using e3value Models
Abstract. Many Distributed Ledger Technology (DLT) projects end prematurely without reaping benefits. Previous research has indicated a lack of sustainable business cases for many Blockchain projects. A successful project has a disruptive impact on the business ecosystem. The paper investigates how e3value modeling can contribute to identifying the potential success of DLT implementation. Using insights from a first DLT case-study, an abstract e3value model fragment is defined that indicates potential success. As a test, the e3value model fragment is subsequently applied to a second case-study that is currently being implemented as a DLT-based platform. The paper concludes by reflecting on how an e3value model can provide evidence of meeting the requirements for building a sustainable DLT business case.
Published: October 2019
Towards a sustainable blockchain use case
Abstract. Many blockchain applications do not survive the proof-of-concept phase. We argue that most of these application do not have a high potential business use case. As blockchain is an expensive technology to deploy and develop, it calls for disruptive use cases. These use cases should exploit the philosophy of the blockchain technology, namely (1) removal of the middleman, (2) immutable data and (3) creation of an equal network with entities who do not trust each other on beforehand.
Published: March 2019