The Energy Web Chain is a public, enterprise-grade blockchain platform designed for the energy sector’s regulatory, operational, and market needs. Launched in mid-2019, it has become the industry’s leading choice as the foundational digital infrastructure on which to build and run blockchain-based decentralized applications (dApps).
The EW Chain is a public blockchain network open to all utilities, users, and devices. With a virtual machine identical to public Ethereum, developers can begin writing smart contracts and dApps with little to no additional learning curve. The enterprise-grade EW Chain boasts high scalability, low transaction costs, and lean energy consumption, thanks to its permissioned Proof-of-Authority consensus.
The Energy Web Chain is one of the only public blockchains among any industry worldwide whose validator nodes are run by known corporations, many of them some of the largest and most-respected energy companies globally.
The EW Chain features a native utility token, the Energy Web Token (EWT). The token protects the network against misbehavior, compensates validators via transaction fees and block validation awards, and can be used to pay for middleware services that streamline and enhance dApps.
The Energy Web is accelerating a low-carbon, customer-centric electricity system by unleashing the potential of open-source, decentralized, digital technologies.
“The #EnergyWeb project is so exciting because it has tremendous ... transformative potential, not just for Europe, but for power grids around the world. We are catching a glimpse of the future electricity system...”
Really pumped about this one: with support from @Google we'll be partnering with... utilities across Europe throughout 2021 to deploy the open source @energywebx stack. Our vision = enable any device to participate in local & regional energy markets in support of 100% green grids!
this ... https://medium.com/energy-web-insights/google-backs-energy-web-to-harmonize-low-carbon-electricity-markets-across-europe-204c18cd2f12
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Energy Web is incorporated in Zug, Switzerland
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