Some of the most practical but least-hyped applications of decentralized ledgers are in the sustainable energy sector, where people can get tokenized rewards for using renewable energy sources and trade power with their neighbors. A nonprofit known as The Energy Web Foundation has been working to bring this industry’s blockchain use cases together by building an affiliate network where energy companies can learn about—and implement—decentralized tech. Today, the foundation announced that it has gained more than 100 affiliates, including large utilities from around the globe like Germany’s EnBW and a subsidiary of the State Grid Corporation of China.
The EWF was created through a partnership between Grid Singularity, which operates a decentralized platform for energy data, and the Rocky Mountain Institute. There are a number of startups working to fight climate change by incentivizing people to make sustainable energy choices and getting energy providers to more effectively track carbon emissions. The EWF wants to make these efforts cohesive, while also spreading them to big name affiliates like General Electric and Shell.