AllianceBlock and Energy Web Announce Strategic Partnership to Facilitate Increased Institutional Participation

AllianceBlock is pleased to announce that it has entered into a strategic partnership with Energy Web, agreeing upon a number of mutually beneficial initiatives. Energy Web is a global, member-driven non-profit accelerating the low-carbon, customer-centric energy transition by unleashing the potential of open-source, digital technologies.

Energy Web launched the public enterprise-grade blockchain platform for the energy sector in 2019. It has quickly become the industry’s leading digital infrastructure upon which to build blockchain-based DApps. Both the core blockchain and its utility services layer utilize the native Energy Web Token (EWT). The world’s largest energy blockchain ecosystem operates as validators and deploys solutions on its utility layer.

Earlier this year, Energy Web unveiled the EWT Escrow Model. It allows Utility Layer service providers as well as patrons (EWT holders) to stake tokens in support of decentralized service-level agreements (DSLAs) in exchange for guaranteed returns. The AllianceBlock partnership is directly supporting these efforts.

The partnership will see the Energy Web tech stack utilize AllianceBlock’s Liquidity Mining as a Service (LMaaS) product, which allows users to easily provide liquidity and manage their positions. Upon feature release, this will also include Single Sided Liquidity Provisioning (SSLP), which will enable Service Providers and their Patrons (EWT holders) to only stake their EWT tokens for liquidity mining. Service Providers can guarantee their Patrons they can benefit from the same staking rewards while being assured of protection against impermanent loss.

The firm will also work with the Energy Web team to integrate AllianceBlock’s Trustless KYC/AML and Identity Verification products, in order to allow the utility layer solutions to attract more qualified service providers.

AllianceBlock will become a member of Energy Web as well as a validator of the Energy Web Chain. Furthermore, AllianceBlock will integrate its decentralized bridge into the Energy Web Chain, which will also support the likes of Ethereum, Binance Smart Chain, and more.

Lastly, the teams will also explore future avenues for collaboration, including potential uses for AllianceBlock’s recently launched Data Tunnel Product which aims to more easily monetize data, as well as energy derivatives — a potentially valuable innovation for the Energy Sector.

Rachid Ajaja, CEO of AllianceBlock, commented:

“With my background in the energy markets, I have been impressed by how Energy Web Chain has quickly grown to encompass a global community of over 100 energy market participants. AllianceBlock will allow more institutions to participate within the Energy Web Chain ecosystem in a compliant manner, including being able to provide liquidity and generate revenues. We are also pleased to see the continued recognition as to the importance and attractiveness of what we are building, including our LMaaS and Trustless KYC/AML products. We see a lot of potential in our collaboration with Energy Web Chain, and are looking forward to working with the team moving forward.”

Walter Kok, CEO of Energy Web, commented:

“We are very pleased that AllianceBlock is joining the Energy Web ecosystem as a member. They are building a globally compliant toolset for decentralized financial markets. Energy Web and its members operate in global, regulated energy markets. We expect that with this partnership our ambition to build the open-source, decentralized digital infrastructure for the energy sector will be accelerated. I look forward to launching our staking model in Q3 with their technology, so we can start to deliver on our promise of decentralized service operations with service level guarantees.”

About AllianceBlock

AllianceBlock is building the first globally compliant decentralized capital market. The AllianceBlock Protocol is a decentralized, blockchain-agnostic layer 2 that automates the process of converting any digital or crypto asset into a bankable product.

Incubated by three of Europe’s most prestigious incubators: Station F, L39, and Kickstart Innovation in Zurich, and led by a heavily experienced team of ex-JP Morgan, Barclays, BNP Paribas, Goldman Sachs investment bankers, and quants, AllianceBlock is on the path to disrupt the $100 trillion securities market with its state-of-the-art and globally compliant decentralized capital market.

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