Energy Web Token is set to conduct a webinar on the 31st of July at 09:00 UTC. The session will feature a detailed presentation by the commercial director, Ioannis Vlachos, on the application of decentralized business logic execution, a development under the InEExE project. The announcement was made through an official tweet by EWT.
The Energy Web Token (EWT) serves as the operational token for the Energy Web Chain, a blockchain platform fashioned for the energy industry specifically. The Energy Web Foundation, a non-profit organization, launched it in June 2019 to promote diversification in the energy sector through the development of decentralized applications (DApps). It is designed to cater to the needs of various stakeholders in the energy industry, such as grid operators, software developers, and vendors by offering a blockchain solution that is custom-made for energy applications.
Founded by RMI and GSy, the Energy Web Chain is a flexible blockchain solution that caters to a broad spectrum of the energy sector’s requirements. One of its key features is its ability to allow enterprises to create fully customized decentralized applications, keeping in mind the unique requirements of the energy industry. The platform is designed with a focus on enterprise usage, ensuring advanced scalability and data privacy. Moreover, the Energy Web Foundation has developed the Energy Web Decentralized Operating System (EW-DOS), a tech stack that aids online management and control of electrical systems.
The EWT token operates as the primary currency within the Energy Web Chain ecosystem, enabling operations and applications on the platform. As of February 2021, the EWT token holds the one hundred and second position in the CoinMarketCap token ranking, reflecting its growing recognition and significance within the crypto community. The EWT token allows users and enterprises on the Energy Web Chain to engage in a variety of activities, such as developing and utilizing decentralized energy applications, and managing electrical systems through the EW-DOS.
