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.
ICYMI and are looking for some reading this weekend... Two #energyweb members ... (@Shell and @eliacorporate) shared insight into how they're levering #blockchain in the #energy sector, including the #OpenSource #EWDOS tech stack.
Back in September 2020, we announced a multiyear strategic partnership with ... @eliacorporate. They were already a founding #energyweb member and #EWChain validator. Now in these first weeks of 2021, Elia shares how the partnership is coming to life. (a thread)
Blockchain has the potential to accelerate the energy transition in many ways. ... Its been an exciting journey so far. Read more below #blockchain #energy https://www.shell.com/energy-and-innovation/digitalisation/news-room/blockchain-building-trust-to-enable-the-energy-transition.html?utm_source=linkedin&utm_medium=social&utm_content=energy-innovation_link_002-city-lights_&utm_campaign=projectsandtechnology_blockchain_jan-jan_2021
A new article from @sa_brink, #blockchain lead at #EnergyWeb member @Shell, does... a great job succinctly describing how blockchain can support the #EnergyTransition. ⚡️
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Energy Web is incorporated in Zug, Switzerland
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