8 June 2017
The blockchain technology challenging the energy world
As companies queue up to lend their financial support, the rise of this new innovation is unstoppable
Ten utility companies have come together to support the Energy Web Foundation (EWF) in an effort to extend the use of blockchain technology across the sector. Centrica, Elia, Engie, Sempra, Shell, SP Group, Statoil, Stedin, Tokyo Electric Power, and TWL have been brought together by the US's Rocky Mountain Institute in a move that secures $2.5m in funding for the Foundation. EWF is a partnership between Rocky Mountain Institute and blockchain technology developer Grid Singularity that aims to identify and assess promising energy-use cases for the technology and launch an energy-focused platform to provide the necessary functionalities at scale. Blockchain technology reduces transaction c
Also in this section
19 December 2024
Deepwater Development Conference welcomes Shell’s deepwater development manager to advisory board for March 2025 event
19 December 2024
The government must take the opportunity to harness the sector’s immense potential to support the long-term development of the UK’s low-carbon sector
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!
