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.
- Busted: SEC and U.S. Attorney’s Office for the District of New Jersey Files Lawsuits Against Fraudulent ICO that raised $30 million - January 17, 2020
- Kenya Issues Second ICO Warning After Investors Lose €24+ Million Euro - January 17, 2020
- Neufund Wraps Tokenised Equity Crowdfunding Series B with Greyp Bikes raising €1.4m EUR - January 17, 2020
- U.S. Lawmakers Pondering “Crypto-Currency Act of 2020” - January 17, 2020
- New Blockchain-based Visa Token Service Set To Launch in 2020 – Set to Reach $1 Trillion - January 17, 2020
- Germany’s New Shore Invest Launches STO Ship Financing Platform – Tokenised Fractional Ownership - January 16, 2020
- Open Source Luminary Marc Fleury Enters Crypto Arena with Announcement of New Crypto Asset Class and Continuous Token Offering Sale - January 16, 2020
- UN Warns Public Not To Attend North Korea Blockchain and Cryptocurrency Conference 2020 - January 16, 2020
- Fiat-to-Crypto Gateway Solution, Banxa, Raises $2 Million USD Series A Round Led By NGC Ventures - January 15, 2020
- United Africa Blockchain Association Plans to Fire Up Blockchain Adoption - January 14, 2020
- Thai Actor and Victim’s Bitcoin Buddy Implicated in Kidnapping and Ransom of Singaporean National in Thailand - January 14, 2020
- Securitize Runs First-Ever IRA Investment In Digital Securities - January 14, 2020
- NBA Star Spencer Dinwiddie “Tokenizing” His Contract With or Without NBA Green Light - January 13, 2020
- European Central Bank President Christine Lagarde Says ECB Bullish on Digital Currencies - January 13, 2020
- Canadian Crypto Company Voyager Digital Completes Acquisition of US Registered Broker-Dealer - January 13, 2020
- Cogito, Hong Kong-Based Entertainment Studio, Launches Decentralised Autonomous Virtual Horse Racing Game - January 9, 2020
- Blockchain Bandwagon Company Longfin CEO Settles with US SEC for $400,000 - January 7, 2020
- Winklevoss Brothers Invest in $5 million Seed Round for TaxBit - January 7, 2020
- Securrency Secures $17.65 million in Series A funding round Led by WisdomTree - January 7, 2020
- Measure Protocol Backed with £2m in New Funding for Blockchain-Powered Person-Based Data Marketplace - January 7, 2020