Posted 10 months ago | by Ben Armstrong

Energy Web Working to Cut Carbon Emissions With EW Zero

Energy Web is working on an open source application that could use blockchain technology to facilitate new types of clean and renewable energy and reduce carbon electricity use.

The application is called EW Zero, which has been developed and piloted with fiat transactions.

EW Zero is built to support the decarbonization of Ripple’s XRP Ledger blockchain and payment platform. Although Ripple entered use after Bitcoin – it has some big advantages.

Energy Web Wants to Slash Carbon Creating Fuel Use

To provide the market with ways to access to clean energy and use it for decentralized networks, EW Zero applies a specialized attribute certificate for renewable energy to clarify sources and minimize the use of carbon electricity in blockchain-related activities.

A member of Energy Web, called 3Degrees, looks for supplies of renewable energy that can be used in EW Zero for XRP.

EW Zero makes it quicker and easier for renewable energy purchasers to use to a wide list of sources, suppliers, and deals on various global digital marketplaces – all of which are interconnected via a common platform on the EW Origin Suite.

It enables simplified procurement processes, improves transparency and cost-efficiency for both suppliers and buyers.

The Time for Better Energy is Now

During the pilot phase, EW Zero transactions have been successfully carried out in fiat currency.

In the next step, it will be deployed in crypto, and expand to cover all the users in the ecosystem, whether they are businesses or a single trader, miner, or anyone who interacts with the platform.

Currently, a public blockchain like Bitcoin is still using a lot of energy – some of which may not be clean. While recent reports estimated an increase in clean and renewable energy usage, there is always room for improvement.

It’s important to think about the growth of blockchain and digital payments in the long term, and ensure that it can be maintained with reasonable amounts of energy imputs.

Ripple and Energy Web have jointly launched the XRP Ledger Foundation to call for the participation of other blockchain entities in the creation of a low-to-no carbon emissions blockchain.

Articles on Bitboy may contain affiliate links that help us to remain profitable. It might come as a surprise, but all these great articles aren’t cheap to produce. If you don’t mind helping us out, please click on the links!

About Ben Armstrong

ef4f73e9ddeb61becab57469962fa946?s=90&d=blank&r=g Energy Web Working to Cut Carbon Emissions With EW Zero, RippleBen Armstrong is a YouTuber, podcaster, crypto enthusiast, & creator of BitBoyCrypto.com. Better known as BitBoy Crypto, he works hard to educate and inform the crypto community.

Ben has been involved with the world of cryptocurrency since 2012 when he first invested in Bitcoin. He used Charlie Shrem's BitInstant & lost Bitcoin in the Mt. Gox hack.

In 2018, Ben decided to go "full-time crypto" and focus all of his time and energy into expanding the reach of crypto.

If you have any questions or comments please feel free to email him at BitBoy@BitBoyCrypto.com or contact him on Twitter @BitBoy_Crypto.