The revolutionary technology of blockchain is affecting all sectors ranging from energy to banking, to agri-food or mass distribution. However, most projects stagnate at the “proof of concept” stage and this technology still remains marginalized and in the domain of experts and specialists.
According to a press release on September 7, French energy and services company ENGIE and consulting firm Maltem Consulting Group have joined hands and established a blockchain development firm designed for commercial use.
The new project called Blockchain Studio received seed funding of €1.9 million (around $2.1 million). The Studio has created a software suite for commercial enterprises, which consists of two fundamental tools.
- One tool is focused on the development of smart contracts and enables its application by users without technical background.
- The other tool manages the creation of cloud-based or server-based blockchain infrastructure.
Making blockchain accessible to many actors
According to the announcement, the company for now is primarily focusing on the Asian market and is planning to roll out its services by the start of next year. By the end of the first financial semester of next year, the company is planning to expand its footprint in Southern Europe.
Yves Le Gélard, ENGIE’s Executive Vice-President expressed enthusiasm and said:
“We are very pleased to be contributing to this development, which should allow blockchain technology to be made accessible to many actors. It is an excellent example of an innovative tool contributing to ENGIE’s digital transformation.”
Jean-Luc Clamen and Pascal Mennesson, partners and co-founders leading the Maltem Consulting Group also expressed the same sentiments:
“To spread, an innovation as radical as blockchain needs the power of large groups to be combined with the agility of start-ups. This is the purpose of Blockchain Studio, a joint-venture between ENGIE and our agency dedicated to innovation.”
It’s not the first time ENGIE has ventured into this field. In July, the corporate research center of the ENGIE Group, ENGIE Lab CRIGEN, signed a Memorandum of Understanding with the IOTA Foundation to explore the IOTA Tangle, an open-source permission-less distributed ledger technology.
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