Via the partnership, Aventus will support Energy Web with enhanced Web3 capabilities and become a validator in Energy Web’s ecosystem
2 May 2023 – London: Aventus, a Web3 solutions provider for enterprises, today announced a partnership with Energy Web, a non-profit building open-source technology solutions for energy systems. The partnership will see Aventus support Energy Web with launching Energy Web X, a new decentralized technology that will enable Energy Web to more efficiently and effectively service its clients and achieve its goal of decarbonising the grid.
Via Aventus’ parachain-as-a-service offering, Aventus will enable Energy Web to launch Energy Web X, a parachain compatible with Relay chains such as Polkadot, bringing enhanced scalability, speed, interoperability and security to the Energy Web ecosystem.
Aventus will also deploy for Energy Web its own instance of Aventus’ key architecture, including:
- Gateway API – allowing Energy Web’s clients to plug into the ecosystem quickly and easily via a familiar API web entry point;
- Block Explorer – enabling enhanced transparency of Energy Web’s ecosystem by allowing any developer to query any on-chain data; and
- Governance Application – democratising and further decentralising the Energy Web network by allowing holders of EWT (Energy Web’s native token) to vote on all major Energy Web development decisions
Aventus will also become a validator in Energy Web’s ecosystem, contributing to the security, decentralisation and capacity for innovation of Energy Web solutions. Additionally, Aventus will offer a managed service for any further validators in Energy Web’s ecosystem, allowing trusted entities to benefit from helping to secure the network, without any technological requirement on their part.
Alan Vey, Founder & CEO, Aventus, comments: “We couldn’t be more excited to begin working with Energy Web. Its mission to use open-source Web3 technologies to help companies navigate and accelerate the energy transition is an incredibly important use case of blockchain, and we’re thrilled to be able to help make it more accessible and seamless.”
Jesse Morris, CEO, Energy Web, adds: “Energy Web’s technology already powers decarbonisation in dozens of countries, but in order to effect global change, we need to take our technology to the next level. Aventus’ in-depth understanding of our needs, flexibility in creating a solution and high-quality technology stack made the partnership an obvious one. We’re thrilled to be working with such an innovative team and can’t wait to see where this partnership takes Energy Web.”