Zug, Switzerland - November 13, 2019 - The Energy Web Foundation (EWF) this week announced it has joined the International Association for Trusted Blockchain Applications (INATBA), which offers developers and users of blockchain and other distributed ledger technology (DLT) a global forum to interact with regulators and policy makers and bring blockchain technology to the next stage of maturity. EWF is also serving as co-chair of INATBA’s energy working group.
The announcement comes during Convergence, The Global Blockchain Congress. INATBA and the European Commission are two of the event’s joint organizers. INATBA’s Energy Working Group hosted a panel discussion, “Blockchain: The Future of Energy?”, including panelists such as EWF’s CEO Walter Kok and Engie’s Etienne Gehain, and moderated by EWF’s Irene Adamski.
Launched in April 2019 with a ceremonial digital signing at European Commission headquarters, INATBA is supported by the EU Commission, UNFCCC, OECD, and other high-ranking international bodies. EWF members Engie and Slock.it are also part of INATBA. In June, INATBA announced its first cohort of industry-specific working groups, including energy, mobility, and healthcare, among others.
“Representing more than 100 companies that make up the world’s largest energy blockchain ecosystem, EWF is proud to engage with INATBA on behalf of our members and the broader global energy sector,” explained EWF chief executive officer Walter Kok. “Fostering appropriate regulations and policies and supporting trusted standards will help to unify the energy sector, accelerate blockchain adoption in a famously conservative industry, and guard against unnecessary fragmentation of the market.”
One of the four pillars of INATBA’s charter includes developing sector-specific guidelines and specifications for decentralized applications. As co-chair of the Energy Working Group, EWF will: a) support the development of blockchain solutions and decentralized applications that accelerate the transition towards a digitalized, decentralized, and decarbonized energy sector by developing community standards and defining requirements, and b) increase the knowledge and acceptance of blockchain technology in the energy sector, especially among incumbent stakeholders that may be unsure about the nascent-but-maturing technology.
About Energy Web Foundation
Energy Web Foundation (EWF) is a global, member-driven nonprofit accelerating a low-carbon, customer-centric electricity system by unleashing the potential of blockchain and decentralized technologies. EWF focuses on technology integration and development, co-creating standards and architectures, speeding adoption, and building community.
In mid-2019, EWF launched the Energy Web Chain, the world’s first enterprise-grade, open-source blockchain platform tailored to the sector’s regulatory, operational, and market needs. EWF also fostered the world’s largest energy blockchain ecosystem, comprising utilities, grid operators, renewable energy developers, corporate energy buyers, and others.
The Energy Web has become the industry’s leading energy blockchain partner and most-respected voice of authority on energy blockchain.
For more, visit https://energyweb.org.
Peter Bronski, Energy Web Foundation
+1.201.575.5545 | [email protected]
Nicole Arnone, Inflection Point Agency for EWF
+1.770.856.7185 | [email protected]