The blockchain technology challenging the energy world – Petroleum Economist

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.

More at: The blockchain technology challenging the energy world – Petroleum Economist

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s