Wipro, Energy Web Foundation Partner To Accelerate Blockchain Adoption In Energy Sector

Blockchain, News | July 2, 2018 By:

Indian IT solutions company Wipro Limited has teamed with the Energy Web Foundation (EWF) to boost the adoption of blockchain technology in the energy sector.

Wipro specializes in IT and computer related technologies. The company’s services encompass a number of areas, including software architecture, business intelligence systems, e-commerce, data warehousing, Internet access devices, network management, system administration, messaging systems, IT consulting and design. Wipro’s thought-to-finish blockchain offerings cover advisory and consulting, Blockchain Innovation Lab (as a service), blockchain application development and constructing blockchain networks. The company helps clients experiment, deploy proof-of-concepts on blockchain technologies, and incrementally expand to scale-to-production releases.

Co-founded by the Rocky Mountain Institute and Grid Singularity, EWF is a global nonprofit that fosters value creation in the energy sector by building and promoting an open, decentralized software infrastructure built around blockchain technology. EWF is building and scaling the Energy Web Chain, the first public, open-space blockchain platform tailor-made for the energy sector. The platform aims to ensure interoperability, reduce costs and complexity, align currently dispersed blockchain initiatives, and facilitate technology deployment through easy-to-implement solutions.

Under the partnership, Wipro will be joining the EWF community as an affiliate, allowing the company to leverage EWF’s research and development (R&D) investments in blockchain technology. Wipro will also gain early access to the overall energy blockchain system, deepen use case research and development, get access to a managed ecosystem of application developers, and utilize EWF’s educational material (regulators and standards) to accelerate blockchain adoption in the energy sector.

Jesse Morris, Chief Commercial Officer of EWF, said that they will work 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 customers.

“Digitalization 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,” said Morris. “Wipro’s core information technology and consulting expertise will be an asset to the EWF ecosystem.”

Subbi Lakshmanan, Senior Vice President and Head of Digital for Energy, Resources & Utilities business, Wipro Limited, said joining the EWF consortia reflects their commitment to the energy sector and their belief that blockchain 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,” Lakshmanan said.