The new energy paradigm

Blockchain technology will 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. The EWF, through its Energy Web Platform, is developing a public standard platform that ensures interoperability, reduces costs and complexity and aligns currently dispersed blockchain initiatives.

Episode 16 of the re:publica 18 - Science & Technology podcast, hosted by Kai Krämer, Sarah Hambridge, titled "The new energy paradigm" was published on May 3, 2018 and runs 29 minutes.

May 3, 2018 ·29m · re:publica 18 - Science & Technology

Summary

Kai Krämer, Sarah Hambridge Blockchain technology has the potential to accelerate the transition to the clean energy future, by redesigning the rules of the game on how energy is distributed and transacted. As blockchain soars to new heights of hype there’s a critical need for the value of the technology to be established in major industries.  The mission is clear: accelerating the arrival of blockchain technology across the energy sector, so we enable the transition to a decentralized, more democratic and carbon-free energy sector. The EWF is a global non-profit organization focused on capturing this potential. Currently, EWF is building an open-source blockchain infrastructure to serve as the standard industry platform for blockchain applications in the energy sector to accelerate the deployment of renewables and distributed energy resources (DERs). A platform like the one being built by EWF will be defined by the applications it supports. It will be able to host and run every energy use case, redefining the energy sector as a decentralized AppStore for energy dApps. By developing a platform that addresses the specific needs of the energy industry, we created an ecosystem of energy players, start-ups and developers, incentivizing the exchange of knowledge between them. This was vital to eliminate repetition of efforts and to leverage scarce talent. In this session, we'll talk about the disruptive potential of blockchain in the energy sector and why the EWF is the key to unlock it. We will provide an overview on the most promising energy use cases based on blockchain technology. Essentially, we will describe how the future we are building looks like. supported by T-Labs

Episode Description