The Energy Web Foundation (EWF) has launched the world’s first public, open-source, enterprise-grade blockchain tailored to the energy sector: the Energy Web Chain (EW Chain).
Explained in a company statement, more than 10 EWF Affiliates—including utilities, grid operators, and blockchain developers—are hosting validator nodes for the live network. In addition, EWF is currently tracking 17 decentralized applications (dApps) running on Energy Web test networks that are expected to transition to the live network over the coming weeks.
This first wave of dApps focuses on creating customer and business value by expanding markets for renewable energy trading, increasing the effectiveness and depth of demand response programs, and streamlining electric vehicle charging.
"We started Energy Web Foundation in 2017 with a promise: a production version of Energy Web Chain by Q2 2019. We are proud to announce that we kept our promise. Energy Web Chain is now running in production mode," said Hervé Touati, co-founder and chief executive officer for EWF. "Our next target, to be reached latest by Q4 2019, is to fully decentralise the chain. At that point, it will no longer be 'our' chain; it will be the energy sector’s blockchain—the first public blockchain where blocks are validated by energy sector companies.”
“This is a watershed moment for accelerating a low-carbon, customer-centric electricity system,” added Jesse Morris, chief commercial officer of EWF. “I hope that we will look back on today’s EW Chain launch as another inflection point in electricity’s evolution, just as we now see wind and solar tumbling down the cost curve, the deployment of smart meters and other digital infrastructure, and the surge of electric vehicle investment and ownership.”
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