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.
As we @energywebx keep building and introducing new tech to support the ... #EnergyTransition, we now better understand how to integrate with and create practical integration pathways for existing IT systems that electric grid operators, utilities, etc. use. https://medium.com/energy-web-insights/pjm-eis-update-modernizing-a-legacy-u-s-rec-tracking-system-with-blockchain-based-technology-db0ad5a4f924
Our own @DougJMillerJr takes a fresh look at our work adding ... #blockchain-enhanced functionality to one of the world's largest #renewableenergy certificate (REC) tracking systems, with PJM-EIS, part of @pjminterconnect.
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Energy Web is incorporated in Zug, Switzerland
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