Energy Web Foundation launches Blockchain and Application Layer Test Network

359
ADVERTISEMENTSMunchee Dmarket exhastaWorldcore ICOParagon ICO

Share with:


The Energy Web Foundation (EWF) has launched a test network of the EWF Blockchain and application layer, constructed as a public network with permissioned validators. Its cutting edge, open source technology infrastructure will facilitate both commercial and noncommercial Blockchain applications in the energy sector.

The test network, codenamed Tobalaba, uses Parity Technologies’ Aura Proof-of-Authority consensus engine, enabling designated authorities to validate transactions following a jointly agreed governance structure.

Authorities that have already set up Validator nodes on the system are EWF affiliates Singapore Power Group, Engie, and Shell, together with EWF founders Grid Singularity, Rocky Mountain Institute and implementation partners Parity Technologies, Brainbot AG and Slock.it.

“Notably, the EWF Blockchain client will be made open source under the GPL V3 license,” said Ewald Hesse, CEO of Grid Singularity and Vice President of the Energy Web Foundation. “The source code will be available to the public from November 1, 2017, with enhancements added continuously and developments published on the EWF Wiki and presented at the Event Horizon annual summits.”

The EWF Blockchain client is based on the Parity Ethereum client, which is currently the most advanced, fastest and lightest full-node Ethereum implementation.

Its features and functionality are fine-tuned to address the needs of energy sector applications.

The newly developed permissioning features enable whitelisting of smart contracts and identities, facilitating standardization and maintaining security in an otherwise open network.

Another important objective is to enhance transaction throughput (at present increased by one order of magnitude compared to Ethereum mainnet), consensus algorithms, and create enterprise-grade deployment tooling and storage features.

EWF affiliates and founders work together to create joint standards and further global application of Blockchain technology in the energy sector with the goal of increasing efficiency and enabling new business models to improve the use of energy resources, especially renewables.

EWF Council Members Herve Touati, Ewald Hesse and Ana Trbovich will participate in the European Utility Week 2017 to present EWF advancements. EWF Advisory Board meeting will also be held to coincide with the conference.

The Energy Web Foundation (EWF) is a global non-profit organization focused on accelerating Blockchain technology across the energy sector.

The intent of EWF, through its Energy Web Platform, is to develop a market standard that ensures interoperability, reduces costs and complexity, aligns currently dispersed Blockchain initiatives, and facilitates technology deployment through easy-to-implement applications.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

Visit Website
View All Articles
advertisementBlockchain Expo