Flame animation

Hottest new
meme coin

Flame animation
Coin spinning animation

100x potential

Shiba Memu Roll-out Logo BUY NOW

Energy Web Token partners with Deutsche Telekom: EWT price jumps

on Jun 5, 2023
  • Energy Web Token inked a partnership with Deutsche Telekom.
  • Deutsche Telekom is the sixth biggest telecommunication company in the world.
  • The company two will partner on climate change initiatives.

Follow Invezz on Telegram, Twitter, and Google News for instant updates >

Energy Web, an upcoming blockchain project, inked a major deal with Deutsche Telekom, one of the biggest companies in the world. The deal saw Deutsche Telekom MMS join Energy Web Foundation’s ecosystem of energy majors by validating the network’s decentralized operating system.

This is a notable announcement since Deutsche Telekom is the sixth-biggest telecommunication company in the world. It’s subsdidiaries include well-known brands like T-Mobile, Slovak Telekom, Magenta Telekom, and OTE among others.

  • Save

Energy Web, on the other hand, is a company using the blockchain technology to help in the energy transition. It provides solutions like enterprise asset management, data exchange, and green proofs. The company works with companies in industries like telecommunication, IoT, and automotive. 

Other companies using Energy Web are Shell, EDF, Engie, Vodafone, and Filecoin, among others. In a statement, Jesse Morris, the CEO of Energy Web said:

  • Save

“Established, trusted digital infrastructure providers like Deutsche Telekom are key players when it comes to helping some of the world’s largest energy companies digitize in order to manage increasingly renewable and complex energy systems.”

Energy Web is not the only company using blockchain technology to fight climate change. For example, ClimateTrade is a company that uses the blockchain technology to run a marketplace for carbon offsets. It uses Algorand’s technology.

This partnership explains why the Energy Web Token (EWT) price has jumped by more than 28% from the lowest level this month. Deutsche Telekom stock price also jumped by over 2% after the announcement.

Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

  • Save

Get started in crypto easily by following crypto signals & charts by pro-trader Lisa N Edwards. Sign-up today for easy-to-follow trades for tonnes of altcoins at GSIC.

  • Save
  • Save