Indian IT giant Wipro has become an Affiliate of the Energy Web Foundation (EWF), a global nonprofit focused on boosting the adoption of blockchain technology in the energy sector.

EWF, in collaboration with over 50 Affiliates from around the world, is building and scaling the Energy Web Chain – the first public, open-space blockchain platform tailor-made for the energy sector. Its 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.

“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.

As an EWF Affiliate, Wipro will be able to leverage EWF’s R&D investments in blockchain technology, thereby gaining 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.

“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,” Subbi Lakshmanan, Senior Vice President and Head of Digital for Energy, Resources & Utilities business, Wipro Limited said.