Gnosis Joins Energy Web, Brings Enterprise-grade Multisig Digital Asset Management to Global Energy Sector
Gibraltar and Zug, Switzerland — 1 September 2020 — Today Gnosis and Energy Web jointly announced a strategic partnership to offer Gnosis Safe services — a multisig enterprise solution for managing digital assets — on both the Volta test network and the Energy Web Chain production network. As part of the partnership, Gnosis will become an Energy Web member and plans to host validator nodes for Volta and the EW Chain.
“Many energy-sector companies in the Energy Web ecosystem, ranging from grid operators to renewable energy developers, are learning for the first time how to manage digital assets on a decentralized network,” explained Micha Roon, CTO of Energy Web. “This partnership with Gnosis is an important step to help them gain the security and confidence they need to embrace distributed technology solutions.”
Gnosis originally deployed a multi-signature wallet in early 2017. Its successor, today’s Gnosis Safe, followed in late 2019 with improvements to the UX and security that make it a leading choice for enterprise users such as Consensys, ENS, and EthHub. Originally designed for Ethereum networks, Gnosis will tailor its solution to the Energy Web architecture, including the popular EW Origin digital infrastructure for renewable energy markets.
“Few industries understand asset security as well as the energy sector, where electric grid operators are focused 24/7/365 on providing high-quality power with nearly 100% uptime across a vast array of generators, substations, wires, and meters,” said Stefan George, CTO of Gnosis. “We’re proud to bring similar security to their digital assets in the ongoing transition to a distributed energy future.”
About Gnosis Safe
Gnosis, a leading company in the flourishing Ethereum ecosystem, builds new market mechanisms for decentralized finance. Leveraging three interoperable product lines, Gnosis products allow users to securely create, trade, and store digital assets.
Since 2016, Gnosis has been developing a wallet product line with a focus on multi-signature wallets, which enable multiple ownership settings and offer customized solutions for managing digital assets. The most advanced wallet offering by Gnosis, the Gnosis Safe Multisig, currently has more than 5,000 users, holding a combined volume of more than $1B worth of digital assets. Gnosis has earned a reputation in the industry for engineering and security expertise, making the Gnosis Safe Multisig the most trusted platform to store digital assets and access the Internet of Value.
For more information, visit https://gnosis-safe.io or learn more about the Gnosis Safe enterprise offerings at https://gnosis-safe.io/enterprises.
About Energy Web
Energy Web is a global, member-driven nonprofit accelerating a low-carbon, customer-centric electricity system by unleashing the potential of blockchain and decentralized technologies. EW focuses on our open-source, decentralized, digital technology stack — the Energy Web Decentralized Operating System (EW-DOS) — to enable any device, owned by any customer, to participate in any energy market.
In mid-2019, EW launched the Energy Web Chain, the world’s first enterprise-grade, public, open-source blockchain platform tailored to the sector’s regulatory, operational, and market needs. The EW Chain anchors a broader technology stack known as the Energy Web Decentralized Operating System (EW-DOS), a blockchain-plus suite of middleware, toolkits, and other digital solutions to support the energy transition.
EW also fostered the world’s largest energy blockchain ecosystem, comprising utilities, grid operators, renewable energy developers, corporate energy buyers, IoT / telecom leaders, and others. More than two-dozen of those companies host validator nodes for the EW Chain. Energy Web has become the industry’s leading energy blockchain partner and most-respected voice of authority on energy blockchain.
For more, please visit https://energyweb.org.
CONTACTS
Anna George, Business Development, Gnosis
anna@gnosis.io
Lukas Schor, Product, Gnosis
lukas@gnosis.io
Peter Bronski, Energy Web
+1.201.575.5545 | peter.bronski@energyweb.org
