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 blockchain and other decentralized technologies.
Some reading for your weekend, courtesy of our CEO @WalterKook
"We ... increasingly find ourselves with the electricity grid equivalent of digital smartphones connected to analog landlines... Policy reform is needed [to] better serve the digitalizing grid."
FERC order 2222 is an absolute game changer for DERs in the US. Regional grid ... operators have ~270 days to lay out a plan for unprecedented, widespread DER integration. Our open source tech stack @energywebx is purpose built for this moment https://www.greentechmedia.com/articles/read/ferc-orders-grid-operators-to-open-wholesale-markets-to-distributed-energy-resources
Wow. We're closing out the week with BIG news from two major energy markets on ... both sides of the Atlantic.
TL;DR: The EU is making major investments in green energy and digitalization. The U.S. is opening up wholesale energy markets to participation from DERs. 🤯
We're honored to be highlighted by @blockchainers in their round of ways ... #blockchain tech can help meet @UN Sustainable Development Goals. #energyweb is noted under SDG 7: Affordable & Clean #Energy. 🌱⚡️ https://www.the-blockchain.com/2020/09/17/how-will-blockchain-technology-be-leveraged-to-solve-uns-17-sustainable-development-goals-can-it-help-solve-the-worlds-most-pressing-social-and-environmental-problems/
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Energy Web is incorporated in Zug, Switzerland
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