Global telecommunications giant Vodafone has partnered with blockchain startup Energy Web (EWT) to connect “billions” of distributed energy generating assets via internet-of-things (IoT) and distributed ledger technology (DLT).
“This means that renewable and distributed assets like wind turbines, batteries, heat pumps, and solar panels can be integrated with energy grids safely and efficiently,” said Energy Web.
Vodafone is a global leader in IoT with over 100 million connections worldwide. The news appears to have pushed Energy Web’s EWT token into new all-time highs.
Vodafone and Energy Web
The firms will develop a system inspired by the way that telecom operators securely identify mobile phones using SIM cards for grids to identify and track distributed energy sources.
“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,” said Energy Web chief executive Walter Kok.
Erik Brennei, director of Vodafone Business IoT, stated, “As the number of decentralized, new-generation, low-carbon devices grows, so does the need for them to be securely connected regardless of their location.”
“This connection needs to be simple and secure, ensuring assets are easily able to be connected to, and managed by, energy and communication networks around the globe,” he added.
Vodafone expand exploration of DLT
In 2019, Vodafone identified over 20 use cases for blockchain across its global operations, including identity, security and digital rights.