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Token Name and Symbol

Energy Web Token (EWT)

Purpose:

  • EWT is the operational token of the Energy Web Chain, a blockchain platform designed specifically for the energy sector.

  • Its primary purpose is to support and enable the development of decentralized applications (dApps) that can revolutionize the energy industry.

  • It facilitates transactions, incentivizes validators, and allows users to access services within the Energy Web ecosystem. 

  • It is used to pay for transaction fees, and to compensate those who help to secure the network.

  • It is designed to enable a more traceable, democratized, and decarbonized energy system.

 

  • The Energy Web Foundation, a non-profit organization, is the driving force behind the Energy Web project.  

  • The foundation has a global consortium of members, including energy companies, grid operators, and technology providers.  

  • The project was started through the combined efforts of Rocky Mountain Institute (RMI) and Grid Singularity (GSy).

  • Jesse Morris- Senior Fellow

  • Raffaella Piraino- Chief Financial Officer

  • Mani Hagh Sefat: Chief Technology Officer

 

Partnerships

Energy & Utilities:

  • Elia Group

  • EDF

  • Engie

  • Shell

Technology & Blockchain:

  • Deloitte

  • Aventus

  • Acurast

  • Polkadot

  • The Energy Web Chain utilizes a Proof-of-Authority (PoA) consensus mechanism, which relies on trusted validators to maintain network security.  

  • It is important to look at the audit history of the project, which can often be found through sites that track blockchain projects.

Potential

  • The Energy Web project has the potential to significantly impact the energy sector by enabling greater transparency, efficiency, and sustainability.

  • Its focus on decentralized solutions could facilitate the integration of renewable energy sources and improve grid management.

  • The potential for growth is linked to the broader adoption of blockchain technology within the energy industry.

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