Adjoint News

Adjoint to Join North American Energy Standards Board to Fuel Industry Innovation

Press Release

NAESB

Houston, TX – April 30, 2018 – Adjoint, industry-leading provider of enterprise blockchain solutions for finance and energy, announced today that it has joined NAESB, the North American Energy Standards Board. Somil Goyal, Adjoint Chief Operating Officer, will join the board of NAESB, and represent Adjoint in leading the ongoing engagement with the board, executive and industry members in NAESB on digitization in energy industry. Adjoint makes smart finance simple by empowering enterprises to achieve new levels of efficiency and security through blockchain solutions.

"I am honored to join the board of NAESB and learn from their deep industry experience,” said Somil Goyal, Adjoint Chief Operating Officer. “NAESB has long been a catalyst for change in the North American gas and electricity markets. Together with NAESB, we will harness blockchain and smart contract technology to provide efficiency and security through an industry-wide, open, highly secure, distributed private network.”

President of NAESB, Rae McQuade, said, “NAESB is excited to welcome Adjoint as a member of the organization, and we look forward to working with Adjoint to explore the potential for standards development in the energy industry related to blockchain technology.”

Havell Rodrigues, Adjoint CEO shared his thoughts by saying, “In October 2017, we made the decision to open-source Adjoint Uplink with the goal of propelling development of industry solutions in the financial and commodities sector. We aim to develop standards usable in an open and collaborative fashion and look forward to exploring the possibilities with NAESB. As active members of ISDA and LEAP, we are helping to fuel digitization initiatives in finance and energy. We are excited to work with NAESB, and already see great desire for adoption among fellow members."

“NAESB legal templates have long supported speed, consistency and efficiency across the U.S. energy market,” Somil added. “NAESB’s leadership in standards development for digital certification domain has also been great for the industry. Using such building blocks, we can now extend operational, security and confidentiality standards to the complete energy life cycle for greater benefit to the industry. A standard library of smart contracts will allow energy companies to innovate and compete in efficient and secure markets. This will bring productivity, security, speed and accuracy to members - the opportunities are limitless.”

 

About NAESB

The North American Energy Standards Board (NAESB) serves as an industry forum for the development and promotion of standards which support a seamless marketplace for wholesale and retail natural gas and electricity, as recognized by its customers, business community, participants, and regulatory entities. For more information, please visit www.naesb.org

About Adjoint

Adjoint is the leader in empowering enterprise finance organizations to achieve new levels of efficiency and control through blockchain solutions. With products specifically designed to eliminate processing time and to automate workflows, Adjoint improves the reconciliation of data between employees, departments and companies. Adjoint Uplink ™ and Adjoint X Suite™ deliver a powerful distributed ledger platform and toolset for enterprise developers and administrators to assign roles and create, verify and deploy smart contracts, enabling smarter and simpler workflows. The company has offices in Boston, MA and London, UK and serves clients all over the world. For more information about how Adjoint can help your organization, or to discuss partnership and career opportunities, visit us at www.adjoint.io. Adjoint makes smart finance simple.™