Vodaphone, Energy Web Partner to Build Blockchain-Based Energy Platform

Sinochem’s Subsidiary Reportedly Planning an Energy Blockchain Platform
Sinochem’s Subsidiary Reportedly Planning an Energy Blockchain Platform

Vodaphone, a British telecommunications company, has partnered with Energy Web to build a new blockchain-based platform that should link energy devices.

Energy Web is a nonprofit organization looking to push “customer-centric electricity” and this partnership should push that forward. Vodaphone is already a leader in the Internet of Things (IoT) space, according to a blog post from the group.

“Similar to the way telecom operators securely identify mobile phones using SIM cards, the partnership will enable energy grid players to recognize distributed energy assets connected to their power grids.”

Speaking on the matter is Walter Kok, the CEO of Energy Web, who had said:

“We are seeing the convergence of multiple sectors in making the energy transition happen — the energy sector, of course, but also automotive, telecoms, and even finance. From our perspective, the energy sector can only evolve so fast and so far without taking into account IoT connectivity. Bringing together EW’s expertise in energy and decentralization with Vodafone Business’s leadership in IoT creates a really powerful combination.”

As you may know, blockchain technology allows for the connection of multiple devices without the need for a central authority. The network is self-governing, and users should be able to utilize shared energy as they see fit.

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