Engie’s blockchain startup, The Energy Origin (TEO), said its decentralized application (dApp) had been migrated to the Energy Web live blockchain. This is the first migration of a dApp to the Energy Web Foundation (EWF) platform since it went live in June of this year.
While renewables have changed the way power grids work, consumers don’t know the source of the electricity they are using. TEO’s dApp makes it easier to source energy for consumers and utility companies. Being able to trace the origin of energy is increasingly important to consumers as they turn to green energy sources for sustainability. For businesses, the platform improves consumer satisfaction and helps achieve sustainable development goals.
TEO is a unit of the French electricity company ENGIE, a subsidiary of EWF which also operates a validation node for the energy web chain.
During the Energy Web Chain test phase, around 17 dApps were functional on the test network. TEO’s dApp was originally built on Tobalaba, EWF’s first test network. The dApp then migrated to Volta, EWF’s second generation test network. The dApp is now in production on the Energy Web Chain.
“As a founding affiliate of EWF, Engie is proud to have been with EWF from the start. It is quite normal that we are now launching the first dApp on the Energy Web Chain live, ”said Thierry Matthieu, co-founder of TEO.
The announcement says TEO is already working with Airline products certify the green energy of a wind farm and two hydroelectric power stations. While the platform is available in France, TEO plans to expand to other markets soon.
“Following the launch of the Energy Web Chain earlier this year, this is the next big step towards blockchain technology that delivers on its promises for the energy industry. As we see increasing use of the EW chain and companies like Engie vote their confidence in blockchain technology, we expect others to also migrate their dApps to the live chain and unleash business value via blockchain, ”said Micha, chief technology officer of EWF. Roon.
Founded in 2017, EWF relies on blockchain to build a decentralized, carbon-free and democratized energy ecosystem. It has more than 100 subsidiaries, some of the largest of which are German utilities EnBW, Total, GE, PG&E, Shell and Siemens, among others.
A few weeks ago, Thai energy giant PTT said it was developing a blockchain renewable energy market in collaboration with EWF.