Blockchain Helps Establish Connection

Endy Callahan

Vodafone is known to many users all around the globe. Even those who have never used this company’s services have heard plenty of facts about the quality of their services and products they offer. The team keeps developing and improving. They always have new ideas and work on projects that, as most believe, may change their present and future for the better. This year the firm is planning to connect billions of assets that generate energy to grids. They intend to apply the blockchain approach and its technology. Besides this, the creators think that the Internet of Things will be of great use to them, too.

Global communications would be different without such a giant. The company’s decision to establish a partnership with EWT may be another step that will bring the firm to another level. Energy Web is a startup project who agreed to collaborate with the company and offer its help and assistance related to the blockchain industry. This friendship is needed to be able to link assets that produce power through IoT as well as DLT, which is known as distributed ledger technology.

Promising Projects Need Collaboration and Support

This week the startup has announced its collaboration and partnership with the famous brand. The team revealed and told more details. They believe that their program will unite IoT connectivity with DLT, which is SIM-centric. Vodafone Business is going to build up secure IDs for assets providing energy.

Assets might be distributed and renewable. This includes batteries along with wind turbines. We cannot exclude solar panels and heat pumps, either. All of the mentioned assets need integration and energy grids are quite safe and efficient to meet these requirements.

Being a global leader in IoT, Vodafone boasts more than one hundred million connections and this includes the entire planet. The recent news seems to have promoted EWT token developed by Energy Web and helped it reach all-time highs.

Energy Web Welcome Vodafone

The two partners have agreed to work on a system and their inspiration comes from other sources. They liked the way that operators safely recognize devices using SIM cards. They do it for grids and this is how they track the sources of distributed energy.

The giant’s IoT technology will underpin the system of smart grids. They will do the same with the DOS by Energy Web.

Energy Transition Ahead

The partners predict that numerous sectors will converge, which will help transit energy. Telecoms are not the only sector. They will cover automotive and even finance sectors.

The representatives of both firms reported that the number of devices based on the low-carbon platform keeps growing. This is what makes them feel the need for a secure connection and where they are located is of least importance. The connection’s simplicity and safety will allow smooth processes related to management and control.

DLT Needs Further Analysis

Vodafone would like to keep on exploring DLT. They also want to expand their studies and research. The team engages with blockchain technology and sees a significant rise in DLT adoption.

Two months ago the company’s representatives admitted that their employees are doing all possible to find out more about DLT applications aimed at the firm’s supply chain. The company wants to apply blockchain to other processes. Last year Vodafone could identify more than twenty use cases involving blockchain. Their global operations proved that the company needs to continue its tests and work on digital rights, identity, and security.