Misbehavior in a blockchain network needs to be controlled. The validators should be compensated with transaction fees and block rewards. The services which streamline and enhance the Dapps should also be paid for. EWT – The Energy Web Token is the Utility Token of the Energy Web Blockchain.
Most, except a few of the solutions, which are based on the EW-DOS blockchain are open source and decentralized. Most of the products and solutions are maintained by the broader Energy Web Ecosystem.
However, an important point to note is that: “All such projects—including the Energy Web Wallet—are offered “as-is”, without warranty, and disclaiming liability for damages resulting from their use.”
The Energy Web are focusing on accelerating a low-carbon, customer-centric electricity system, which unleashed the potential of open-source, decentralized, and digital technologies.
Electric Vehicles and Renewable Energy Markets are the solutions offered by Energy Web. Investors who will be probably interested in this ecosystem are going to be those who understand the importance of distributed energy resources (DERs). Energy resources are crucial and without taking in to account smart meter deployments, by 2030, customer investment in distributed energy resources is set to increase by tenfold to more than $2trillion.
Energy web is backed in part by “EW Flex software development toolkit” digital solution used to help the grid operators improve investor participation in wholesale energy markets and/or demand side energy management programs.
For clarity, the energy-sector ecosystem is made up of utilities, grid operators, renewable energy developers, corporate energy buyers, and others. So, there is investment needed in all of these services and this means there is a potential for well managed projects in to which the investment in done.
Energy Web Token encourages investment in the energy sector, where investors can have tokenized ownership or stakes in sited assets and customer-owned energy sector related assets and services.
They are about making possible customer-centric electricity system encouraging low carbon systems and all of these managed by open source, decentralized and digital technologies.
The strength of EWT comes from that they focus on building the core infrastructure and shared technology using the Energy Web Decentralized Operating System (EW-DOS) – the use cases they are focused on are about clean energy and carbon emissions traceability and also making use of distributed energy resources to increase the grid flexibility. The EW-DOS is maintained by some of the most respected energy companies.
EWT are focused on improving the adoption of commercial solutions meant for the energy sector. Thus, working towards fostering a sustainable ecosystem around EW-DOS.
Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9
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