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.
- Toronto’s Creative Destruction Lab Joins Facebook’s Libra Association - June 19, 2019
- Australia’s Power Ledger to bring P2P Energy Trading to Austria - June 19, 2019
- Litecoin Foundation Teams Up With Bibox And Ternio On Special Edition Litecoin Debitcard - June 19, 2019
- US Legislators Call for Halt to Facebook’s Cryptocurrency Plans – And to Face Congress - June 19, 2019
- Hyperledger Welcomes Diverse Line-up of New Members for Identity Project - June 18, 2019
- Facebook Announces Calibra Digital Wallet and Libra Cryptocurrency - June 18, 2019
- MIT Professor Silvio Micali’s Algorand Project Announces Date for First Auction - June 6, 2019
- SEC sues Canadian Messaging Service Kik Selling Unregistered Securities in its $100 million ICO - June 4, 2019
- CrowdEngine Teams Up With Polymath Adding Security Token Issuance to List of Crowdfunding Services - June 3, 2019
- Bitcoin Inc. CEO Morgan Rockcoon Busted – 21 Months in Prison and Fines - June 3, 2019
- Reshaping a Nation’s Logistics Sector: Singaporean Blockchain Company PLMP Cuts Multimillion Dollar Deal With Indonesia - June 3, 2019
- Swisscom TV Opens Blockchain-based Art Gallery - June 3, 2019
- Canadian Messaging Service Kik Burns $5 Million Fighting SEC Over Utility Tokens, Now Raising $5 Million More to Continue Battle - June 3, 2019
- Salesforce Introduces CRM Blockchain Platform For Selected Clients - June 3, 2019
- Block.one Plans to Tackle Pitfalls of Social Media With New Blockchain Community Called “Voice” - June 3, 2019
- CasperLabs and Ethereum on Proof of Stake Protocol at CryptoChicks in Toronto, family ran Hack-A-Thon for blockchain family - June 3, 2019
- World Economic Forum Inaugurates Global Blockchain Council to Address Lack of Well-Defined Rules for Working with Blockchain - May 29, 2019
- India’s First Blockchain Powered VoD Platform ‘myNK’ Launches At Cannes Film Festival - May 27, 2019
- New Zealand’s Cryptopia Exchange Packs It In – Announces Liquidation - May 15, 2019
- Canadian Blockchain Expert Alex Tapscott and NextBlock Global Limited to Pay $1M for Misleading Investors - May 15, 2019