Wipro to accelerate Blockchain adoption in Energy Sector, joins Energy Web Foundation

Wipro, the India IT behemoth, announced that it has joined as an Affiliate of the EWF (Energy Web Foundation).

EWF is a global nonprofit organization focused on accelerating the adoption of blockchain technology in the energy sector. It has around 50 Affiliates around the globe. It is building and scaling the Energy Web Chain, the first public, open-space blockchain platform, tailor-made for the energy sector.

Energy Web Chain is an open-source, scalable blockchain platform. It is designed for the energy sector’s regulatory, operational, and market needs. Charter of EWF is to identify, document and assess the most promising use cases of blockchain technology in the energy sector. It is trying to position Energy Web Chain to become market standard for energy sector by ensuring interoperability, reducing complexity and costs.

Chief Commercial Officer of EWF, Jesse Morris, said, “We are excited to welcome Wipro into the EWF community, and look forward to working closely with Wipro’s blockchain technology experts and energy domain consultants to identify high-impact blockchain use cases and develop enterprise-grade blockchain solutions for customersDigitalization is one of the mega-trends driving the electricity grid’s transformation and re-making how utilities, grid operators, and others interact with this enormously complex system. Wipro’s core information technology and consulting expertise will be an asset to the EWF ecosystem.”

Senior Vice President and Head of Digital for Energy, Resources & Utilities business, Wipro Limited, Subbi Lakshmanan said, “Joining the EWF consortia reflects our commitment to the energy sector and our belief that blockchain and allied technologies such as IoT, Analytics, and AI will play a central role in helping the industry embrace the path-breaking move towards a new energy economy, enabled by distributed energy resources. Wipro is excited to be the only technology company in this consortium of some of the most visionary energy organizations in the world. ”

Being an affiliate member of EWF will provide Wipro access to blockchain technology research from EWF in energy blockchain system, gain a deeper understanding of use cases and developments. The membership will also enable Wipro to access managed ecosystem of application developers, and utilize EWF’s educational material (regulators and standards) to accelerate blockchain adoption in the energy sector.