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.
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.
The Energy Web is accelerating a low-carbon, customer-centric electricity system by unleashing the potential of blockchain and other decentralized technologies.
So many #EnergyWeb members are doing their part to support customers through ... this difficult time, especially those on the front lines of the #coronavirus fight. And to them we say, THANK YOU!
What a month it's been! We're pushing forward with important updates to our ... offerings. Check out all that's new on our March release of #EWOrigin SDK here: https://medium.com/energy-web-insights/ew-origin-release-notes-march-2020-18cb3d7eb70c
150+ companies have committed to go 100% #renewable. So what's next? "Making the... most of such new opportunities requires #digitaltransformation and a rethink of the #energygrid, from generation to distribution and the management of excess power."
https://www.energydigital.com/utilities/what-tech-will-shape-energy-management
Useful insight for all of us working from home: "Flawed assumptions exaggerate ... the electricity consumption of data centres and data transmission networks"
#Decentralizedtechnology (like #blockchain) and wind power both get a boost via ... a new #virtualpowerplant in Germany. Thanks for sharing, @Cointelegraph!
https://cointelegraph.com/news/shell-subsidiary-builds-dlt-based-virtual-power-plant-in-germany
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The Energy Web Foundation is incorporated in Zug, Switzerland
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