The Energy Web Foundation (EWF) is a global non-profit organization focused on accelerating blockchain technology across the energy sector.
Blockchain technology has the potential to reduce transaction costs in the energy sector, enable active participation of a larger number of market participants (consumers and devices) and, as a consequence, accelerate the transition towards a cleaner, more resilient, and more cost effective system.
To unleash this potential, EWF will a) identify, document, and assess the most promising use cases of blockchain technology in the energy sector and b) launch a new energy-focused blockchain platform (“Energy Web Platform”) that provides the functionalities needed to implement these use cases at scale.
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.
The Energy Web is an open-source, scalable blockchain platform specifically designed for the energy sector’s regulatory, operational, and market needs. It serves as a foundational, shared, digital infrastructure for the energy and blockchain community to build and run their solutions. Together, the Energy Web Foundation, Affiliates, and Community are unleashing blockchain’s potential to accelerate the transition to a decentralised, democratized, decarbonized, and resilient energy system.