Wipro Becomes Energy Web Foundation Affiliate to Accelerate Blockchain Adoption in the Energy Sector
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global
information technology, consulting, and business process services
company, today announced that it has become an Affiliate of the Energy
Web Foundation (EWF), a global nonprofit organization focused on
accelerating the adoption of blockchain technology in the energy sector.
In collaboration with more than 50 Affiliates from around the globe, EWF
is building and scaling the Energy Web Chain, the first public,
open-space blockchain platform tailor-made for the energy sector.
EWF’s charter is to identify, document and assess the most promising use
cases of blockchain technology in the energy sector and provide
functionalities needed to implement these use cases at scale. The Energy
Web Chain is positioned to become the market standard that ensures
interoperability, reduces costs and complexity, aligns currently
dispersed blockchain initiatives, and facilitates technology deployment
through easy-to-implement solutions.
“We are excited to welcome Wipro into the EWF community, and look
forward to working 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,”
said Jesse Morris, Chief Commercial Officer of EWF.
“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. 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 our commitment to the energy sector
and our belief that blockchain and allied technologies such as IoT,
Analytics and AI 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.”
Wipro can now leverage EWF’s R&D investments in blockchain technology
and thereby 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.
Krishnakumar N Menon, Vice President - Service Transformation and
Blockchain Theme Leader, Wipro Limited said, “At Wipro, blockchain
is a strategic theme with focus on driving transformation at enterprise
/ industry level by creating new markets, redistributing existing
markets and streamlining business processes. We are working with global
customers to drive blockchain adoption across the globe and help clients
build production-grade blockchain networks, creating business value.
Wipro was positioned in the ‘Winner’s Circle’ of the ‘HfS
Blueprint report on Enterprise Blockchain Services
2017’. To help our global clients, we continue to invest in
building a comprehensive ecosystem with clients, partners, academia,
industry bodies and start-ups. We look forward to actively contributing
to the EWF community to accelerate the blockchain adoption in the energy
sector.”
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global
information technology, consulting and business process services
company. We harness the power of cognitive computing, hyper-automation,
robotics, cloud, analytics and emerging technologies to help our clients
adapt to the digital world and make them successful. A company
recognized globally for its comprehensive portfolio of services, strong
commitment to sustainability and good corporate citizenship, we have
over 160,000 dedicated employees serving clients across six continents.
Together, we discover ideas and connect the dots to build a better and a
bold new future.
About EWF
Energy Web Foundation (EWF) is a global nonprofit unleashing
blockchain’s potential to accelerate the transition to a decentralized,
democratized, decarbonized, and resilient energy system. EWF is building
the shared, digital infrastructure—an open-source, scalable blockchain
platform—specifically designed for the energy sector’s regulatory,
operational, and market needs. Co-founded by Rocky Mountain Institute
and Grid Singularity, and with a worldwide network of more than 50
affiliates and growing, EWF is the largest energy blockchain consortium
and the industry’s leading choice as the foundational base layer,
providing the building blocks powering the world’s energy future. For
more, visit http://www.energyweb.org.
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