Energy Web X Taps Into The Polkadot Blockchain

Energy Web will leverage Polkadot’s interoperable multichain technology to bring decarbonization to Web3.

Energy Web, the world’s largest ecosystem of companies using open source, decentralized technologies to accelerate the energy transition, is coming to Polkadot, the next-generation blockchain network powering the movement for a better web.

The move will allow Energy Web to create the framework for a new technology, dubbed ‘Energy Web X’, which will help its partners, including major players such as Shell, Vodafone, Volkswagen, and RMI – accelerate their decarbonization strategies.

Having developed digital solutions with dozens of major energy companies and non-profit organizations from over 25 countries, Energy Web is focused on two key areas:

Firstly, Energy Web wants to help electric utilities digitize and integrate distributed energy resources into the grid.

Secondly, Energy Web aims to bring deep transparency and verifiability to emerging green product supply chains – including 24/7 matched renewable electricity, sustainable aviation fuel, and sustainably produced Bitcoin.

Jesse Morris, CEO of Energy Web, commented:

“Energy Web and our global enterprise partners are collectively on a mission to make clean energy an integral and widely-accessible part of the global electricity system. To achieve this important goal, we decided to search for a blockchain platform that offers real enterprise-grade security and seamless upgradeability to ensure a safe and future-proof environment.

Polkadot excels on both of these fronts with its shared security model and best-in-class core technology. We couldn’t be more excited to build out the energy transition vertical on Polkadot.”

Adding:

“Energy Web X will be based on worker node networks. Each of these is a decentralized group of computers jointly executing sensitive business processes that involve or impact multiple companies. Enterprises will be able to deploy thousands of independent worker nodes, coordinate them in cohesive networks, and allow the public to verify the results of their work.”

Björn Wagner, CEO of Parity Technologies, a leading contributor to the Polkadot network, said:

“The energy transition vertical is a perfect use case to take advantage of the benefits of blockchain technology, and it’s a space where Polkadot is well positioned to be a market leader. We

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Author: Jana Serfontein

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