Blockdaemon Blog

Blockdaemon Partners with Energy Web to Accelerate Global Sustainability

Daemon News
Feb 10, 2022

Blockdaemon is proud to announce a partnership with  Energy Web, a global nonprofit organization building operating systems for energy grids using open source decentralized technologies. We at Blockdaemon are no strangers to adopting clean, green-energy blockchain infrastructure. Our partnership with Energy Web furthers our commitment to helping make the world more sustainable. Blockdaemon is a certified Energy Web validator node operator, working to support the success of the Energy Web Foundation and ecosystem. Energy Web’s digital operating systems for energy is a promising application of blockchain. It makes it easy for clean energy assets to support the grid of the future. This mission is guided by the founding principle of decarbonizing the world.

The realization of Energy Web’s vision will help result in a secure transition to sustainable energy, by making it seamless and easy for clean energy assets like batteries and electric vehicles to connect to energy markets around the world. It represents one of the largest and most ambitious uses of a decentralized, open-access, consumer-facing blockchain that the world has seen to date.

“We are excited to help with the energy transition of the world by supporting the Energy Web Chain and its ecosystem participants. Anyblock has been a validator and active participant from day 1. Now, as part of the Blockdaemon team, we happily continue this collaboration and are looking forward to help expand to the Polkadot universe and offering staking opportunities.” says Freddy Zwanzger, Ethereum Ecosystem Lead at Blockdaemon."Companies like Blockdaemon are essential to bringing enterprise-grade versions of the Energy Web stack to life,” said Jesse Morris, CEO of Energy Web. “Infrastructure services for decentralized applications are common outside the energy sector in the world of Web3. Blockdaemon is helping to bridge the gap by providing Web3 services to the Energy Web community of grid operators and energy majors.”

Blockdaemon: Supporting Blockchain Sustainability

At Blockdaemon, we support a suite of blockchain networks, each serving a unique role in the industry. The future global landscape will consist of a constellation of interoperable protocols all working together to serve different purposes, interfaced with billions on a daily basis.

Each protocol will bring its own unique values and benefits. This web of technology will include permissionless networks (such as Bitcoin and Ethereum) and permissioned networks. Energy Web’s network has on-boarded major institutions, such as Shell, to accelerate sustainability. As robust transaction ledgers, all of these different types of systems can satisfy the criteria of being a blockchain, yet the DNA of each will be fundamentally different.

Bitcoin was the first truly permissionless payment network, with a dynamic and decentralized set of actors all working to keep the network alive. In simple terms, anyone who met the requirements could and still can operate a node, as well as transact on the network. Today, ledgers such as Energy Web Chain are alternatives to permissionless ledgers such as Bitcoin. These chains often comprise a static and federated set of trusted actors to maintain the integrity of the system while still allowing any developers or users to access the network. Blockdaemon runs a validator node on the Energy Web Chain. Networks like Energy Web’s bring their own unique set of features and functionality. Because the Energy Web Chain is managed by known entities in the energy sector, upgrades to the network can be rolled out seamlessly. This avoids contentious hard forks which split many blockchains in governance disputes over the future of the protocol. Another advantage is custody and maintenance. The Energy Web Foundation is building sophisticated tooling on top of the blockchain to help its many partners and its users. This gives a great deal of material support to the Energy Web ecosystem and paves the way for future success. It differs from other Web 3 communities systems, which are often open-source and rely purely on volunteers. By having a system focused on enterprise adoption of decentralized technologies, Energy Web Chain is best placed to achieve its vision of a sustainable network, reaching entities who want to use Energy Web’s dApps, SDKs and utility packages.

Energy Web Token’s Staking

Energy Web Token (EWT) will soon expand their staking mechanism. Staking will be key to operate the new energy grid. This energy grid comprises green energy assets, such as solar panels and wind turbines. By staking, enterprises and even clean energy asset owners can commit to delivering the load (or battery for storage) or supply of electricity. The protocol can slash companies or users who do not deliver on commitments. Those who successfully deliver can earn extra rewards. Staking is open to verified individuals only. All staking operators must create a Decentralized Identifier (DID) that is authorized to stake. As the world’s leading staking-as-a-service provider, Blockdaemon delivers industry-leading staking solutions across all major proof-of-stake chains. We commend Energy Web for their embracing of this new staking model.

Energy Web & Parity Technologies

Energy Web has partnered with Parity Technologies to launch Energy Web Consortia Relay Chain. Parity Technologies are a leading Web3 software development company. They have built the core technology that supports Polkadot and Kusama, underpinned by Substrate. Energy Web will leverage Substrate to allow energy sector institutions to deploy their own sovereign, customizable blockchains of their own or in partnership with other energy market participants. This grants enterprises the unrivalled ability to customize their own bespoke chain, with governance and economics built in. Currently, Energy Web runs on the Ethereum Virtual Machine (EVM). The launch of the Consortia Relay Chain represents an integration into one of the largest and fastest growing Web3 ecosystems.

Tackling Climate Change with Blockchain

In the broad landscape of blockchain technology, Energy Web shows the strongest potential to help achieve the zero-carbon economy.Perhaps the most notable of Energy Web’s advantages is its well established institutional partners.  These partners include companies such as E.ON, Siemens, Vodafone and Volkswagen, among many others. Energy Web’s commitment to energy sustainability and accessibility to green tech is one with which we at Blockdaemon are strongly aligned. By using blockchain technology, Energy Web is positioned to radically advance one of the major problems facing the world today. This is why we are proud to support Energy Web, as a certified node operator. We look forward to continuing our support of Energy Web into the future.

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