8 June 2017
The blockchain technology challenging the energy world
As companies queue up to lend their financial support, the rise of this new innovation is unstoppable
Ten utility companies have come together to support the Energy Web Foundation (EWF) in an effort to extend the use of blockchain technology across the sector. Centrica, Elia, Engie, Sempra, Shell, SP Group, Statoil, Stedin, Tokyo Electric Power, and TWL have been brought together by the US's Rocky Mountain Institute in a move that secures $2.5m in funding for the Foundation. EWF is a partnership between Rocky Mountain Institute and blockchain technology developer Grid Singularity that aims to identify and assess promising energy-use cases for the technology and launch an energy-focused platform to provide the necessary functionalities at scale. Blockchain technology reduces transaction c
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