Energy web token software#

When energy is democratized – it will become affordable. Not only can EaaS help households become self-sustainable but it also has potential to bring revenue to everyday folks by turning them into micro-local grids. If people start generating electricity by installing solar panels and windmills on their rooftops, it could make households self-sustainable. Right now, in many parts of the wo rld, ene rgy is monopolized or is hoarded by the big corporations who can charge any markup as they deem fit based on demand and supply. We have sun, wind and moving vehicles all over the world, and if we are able to generate and distribute energy from these source s, w e will no longer have to rely on fossil fuel or nuclear sources. Successful execution of EaaS vision could reduce our carbon footprint on the planet drastically. Advantages of EaaS Reduce carbon footprint It also provides an opportunity for the end users to become producers of energy in some places (like South Australia or places where sun and/or wind are plenty). Ĭan you imagine the implications of having millions of microgrids selling few units of electricity much cheaper than the traditional options?Įnergy as a Service may be quite difficult to comprehend right now, however, Uber was a concept that was not even conceive d u ntil the app made it easier to ‘use’ in daily life.ĮW Chain has the potential to make exchanging energy from local grids to local consumers much easier. The solution launched by Energy Web Token could upend the entire energy industry by encouraging people to produce their own energy through solar, windmills, storage, etc., and sell the excess energy to the bidders. Uber for Energy? Energy as a Service (EaaS) could disrupt the entire industry We bring amazing facts about the CEOs, executives, projects and great personalities from the Blockchain and Crypto space to you through these videos. Here is a quick video to understand Energy Web Token project overview: What is Energy Web Token? Is Elon Musk involved? This solution could help fuel trillions of dollars in commerce, “in the next ten years, electricity end-users will spend a cumulative $830B on distributed energy resources and $7T on electric mobility.”

Energy web token software#

ĮW Decentralized Operating System (EW-DOS) provides public access to the EW Chain and ready to use Software Development Kits (SDKs) making on boarding easier and barrier less. Ho wever, there is a disconnect between these local grids, regulatory bodies and customers.Įnergy Web Chain is looking to solve this problem by providing a platform to integrate the regulators, grid operators and individual customers to take part in the renewable energy movement. We are seeing a lot of local renewable energy grids, including solar powered and wind power solutions, making their way to the marke t.

The Energy Web Token (EWT) is used for two main purposes on the EW Chain: Security & validator compensation: What problem does the Energy Web Token project solve?Įveryone wants to help with the energy crisis situation by reducing the carbon footprint, using renewable energy and have their energy cost reduced, however, the options to accomplish these platitudes are scarce and ineffective.

The validators on the EW Chain are globally renowned companies in the energy sector making this one of the most legitimate projects out there.

To understand the role of Energy Web Token, we have to first dive into the Energy Web Chain.Įnergy Web (EW) Chain is “a global blockchain infrastructure that we believe to be the only public, Proof-of-Authority blockchain supporting commercial applications with well-known organizations as validator nodes.” Elon Musk, Tesla and Energy Web Token connectionĮnergy Web Token is the native utility token on Energy Web Chain.Uber for Energy? Energy as a Service (EaaS) could disrupt the entire industry.What problem does the Energy Web Token project solve?.Consider bookmarking or subscribe to the newsletter to get this and other updates, for FREE. This page will be constantly updated with any news or updates on Energy Web Token.