Engie’s blockchain startup The Energy Origin (TEO) said its decentralized application (dApp) was migrated onto the live Energy Web blockchain. This is the first migration of a dApp onto the Energy Web Foundation’s (EWF) platform since it went live in June this year.
While renewables have been changing how electricity grids work, the consumer doesn’t know the source of the electricity they are using. TEO’s dApp facilitates energy provenance for consumers and utility companies. Being able to trace the origin of energy is increasingly important for consumers as they turn towards green sources of energy for sustainability. For corporates, the platform improves consumer satisfaction and helps to meet sustainability targets.
TEO is a unit of the French electric utility company ENGIE, an affiliate of EWF which also operates a validator node for the Energy Web Chain.
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