The Energy Web Chain is a public, enterprise-grade blockchain platform specifically designed for the energy sector’s regulatory, operational, and market needs. It has become the industry’s leading choice as the foundational digital infrastructure on which to build and run blockchain-based decentralized applications (dApps).
Interoperable and Universally Accessible
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.
Supported by the Global Energy Community
A validator- and developer-based approach to on-chain governance stewards the blockchain in the best interests of the global energy sector.
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.
As with most public blockchains, the EW Chain features a native first-layer utility token, the Energy Web Token (EWT). The token serves two main purposes: a) protect the network against misbehavior and b) compensate validators via transaction fees and block validation awards.
Users and application developers are not required to use EWT for their own applications beyond paying for transaction costs on the EW Chain. They can use cryptocurrencies or fiat currencies, as well as second-layer tokens native to their particular applications.
"EW-DOS makes it possible to pre-qualify #DERs for the [#electricity] market, to... manage their participation in grid balancing processes, and to facilitate financial settlement for the grid services they ultimately provide." #EWDOS
#EnergyWeb had a 2019 full of exciting progress, and 2020 is shaping up to be ... even better. Our CCO @ja_morris shares a sneak peek at what's coming up, including a full list of open-source software modules we expect to release this year.
Attention all #EnergyWeb members: you can join a members-only webinar on ... February 12 at 1600 CET to learn about the benefits of a #decentralized operating system for 21st century grids. Contact us today to register.
EWF's @DougJMillerJr is passionate about #energyblockchain because he believes ... it can help capture the full economic value of introducing millions of new #DERs to our electric grids during the #energytransition. Get to know him in our Q&A.
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The Energy Web Foundation is incorporated in Zug, Switzerland
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