To stay up-to-date with Energy Web, you can bookmark its blog where the team posts articles, news, and feature updates. Key to the network’s operation is the Energy Web Token (EWT), which is used to compensate key network operators and allows those who hold it to pay for decentralized application services built on the platform. The Energy Web Chain (EW Chain) aims to provide the digital infrastructure that connects the grid operators, customers, and physical assets (like solar panels, thermostats and electric vehicles.)Ĭentral to running the EW Chain is the Energy Web Decentralized Operating System (EW-DOS), a stack of technologies designed to connect participants within the energy market to increase grid flexibility. Historically, grid operators have provided the physical infrastructure to enhance electrical power usage and relieve reliance on carbon energy consumption. One month later in January 2020, they announced a major first implementation of EW-DOS with Austrian Power Grid.Īs electricity systems around the world increasingly digitalize, they are proud to be one of the leading partners helping energy market participants harness decentralized technology in support of a low-carbon, customer-centric energy future.The Energy Web Token is the native cryptocurrency of the Energy Web Chain, an open-source platform designed to support the development of energy sector applications by building a more traceable, democratized, and decarbonized energy system.
Energy web token software#
It is an open-source stack of decentralized software and standards-including the Energy Web Chain and various software development toolkits (SDKs).
Energy web token update#
Then in December 2019, they announced a significant update to their technology roadmap: the Energy Web Decentralized Operating System (EW-DOS). TEO by Engie became the first dApp to migrate onto the live production chain, while companies such as Thailand's PTT began building new commercial solutions on it. In June 2019, they launched the Energy Web Chain, the world's first public, open-source, enterprise-grade blockchain tailored to the energy sector. Meanwhile, Affiliates and other partners have wasted no time adopting the Energy Web, launching proofs of concept, MVPs, and other solutions on Volta, their second-generation testnet, including in cooperation with PJM-EIS, SP Group, Chile’s CNE, Iberdrola, Acciona, Elia, Stedin, and others. By March 2019, they had incredibly passed the 100-Affiliate milestone. Then, as the energy sector began exploring blockchain technology as a serious opportunity rather than novel curiosity or possible disruptor, the pace accelerated.
By early February, their own community had grown to 37 Affiliates, and by summer 2018, they had named their founding CEO.
Between Q2 2017 and Q1 2018, the industry invested some $322 million in energy blockchain startups. It was a time of intense energy-sector interest in blockchain technology. EW was born to make that promise a reality.ĭuring the first months of EW, their testnet leveraged public Ethereum’s Kovan network, but by November 2017, they had launched Tobalaba, their EW-built dedicated testnet. RMI and GSy-who today both contribute members to our board of directors (i.e., Foundation Council)-saw blockchain’s promise in the energy sector. They were co-founded by globally respected energy think-and-do tank Rocky Mountain Institute (RMI) and noted blockchain developer Grid Singularity (GSy), along with a cohort of 10 founding Affiliates.
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