Blockchain technology is a natural fit for tracking power generation and payments on distributed energy grids, according to EWF , a Blockchain -based green energy organisation, and Austrian blockchain start-up EWF . He and many others believe that in the long term, the technology could help transform the very architecture of the grid itself. The one outfits have joined together to create the Energy Web Foundation ( the Energy Web Foundation ), which has launched an Ethereum-based blockchain, which is “purpose-built for the energy sector”. The team will start by developing applications to track renewable energy certificates. In future, the EWF intends to enable “more granular transactions” between providers and consumers and eventually to allow near-instant payment in return for sending energy to the grid.
Blockchain technology is a natural fit for tracking power generation and payments on distributed energy grids, according to EWF , a Blockchain -based green energy organisation, and Austrian blockchain start-up EWF . The one outfits have joined together to create the Energy Web Foundation ( the Energy Web Foundation ), which has launched an Ethereum-based blockchain, which is “purpose-built for the energy sector”. The team will start by developing applications to track renewable energy certificates. In future, the EWF intends to enable “more granular transactions” between providers and consumers and eventually to allow near-instant payment in return for sending energy to the grid.