Energy Web is moving towards the Polkadot ecosystem to expand the range of its decarbonization products targeted at established players in the energy industry. Previously, the nonprofit organization had been utilizing its technology infrastructure on a private blockchain built on Ethereum and the Ethereum Virtual Machine (EVM).
Polkadot stands at the forefront of driving a better web from the partnership. By venturing into the Polkadot network, Energy Web aims to establish the framework for its groundbreaking technology called Energy Web X. This development holds significant potential for Energy Web’s partners, including Shell, Vodafone, Volkswagen, and RMI, as they can further advance their decarbonization strategies with this new opportunity.
The current shift to Polkadot, for which Energy Web has applied to become a parachain, aims to incorporate adaptability and enable the creation of a “Web3 as a service” framework, as explained by Jessie Morris, the CEO of Energy Web. One significant advantage of Energy Web’s shift towards Polkadot (DOT), as highlighted by Morris, is the opportunity to participate in the protocol’s “shared security model.”
2/ Energy Web CEO @ja_morris says the main upside to the pivot to Polkadot is the protocol’s "shared security model."— Polkadot (@Polkadot) June 21, 2023
Morris further emphasizes that incorporating Web3 technology into their infrastructure improves cybersecurity by leveraging decentralization. The primary objective of Energy Web is to expedite the utilization of various approaches to mitigate or eliminate polluting products, particularly among the world’s largest fossil fuel producers.
The integration of Energy Web aims to enhance the range of available tools, thus empowering their efforts to encourage adopting sustainable practices. Moreover, by injecting Web3 tech into its stack, Energy Web can significantly bolster its cybersecurity measures, benefiting from the decentralized nature of the approach.
According to Morris, Energy Web has identified two key areas of emphasis that will continue during the transition to Polkadot. Firstly, they aim to leverage Web3 technology to establish a “network effect” that enables prominent electric utilities to access digital tools. These tools will facilitate the integration of various components, such as electric vehicles, air conditioners, and electric batteries, into a cohesive system.
The second area of focus revolves around enabling partners to track and measure the usage of renewable energy through the joint capabilities of Energy Web and Polkadot. Notably, metrics related to renewable energy usage for publicly traded companies have faced scrutiny during earnings calls.
Moreover, Bitcoin miners are a particular area of interest for Energy Web during this transition.
Enhancing User Experience: Energy Web’s Web2-Like Interface on Polkadot
In recent times, notable figures from diverse fields, including music, gaming, and accounting, have joined the ranks of the Polkadot network. The Energy Web X parachain will be integrated alongside other projects that operate on the Polkadot Relay Chain.