French Energy Giant EDF Subsidiary Becomes Chiliz Blockchain Validator

French energy giant EDF’s subsidiary, Exaion, has recently made a significant move in the blockchain space by becoming a validator on the Chiliz Chain. This partnership aims to leverage Exaion’s expertise in energy and technology to enhance the network that hosts fan token trading for Socios.com, a platform that connects fans with their favorite sports teams through blockchain technology.

Chiliz, the company behind Socios.com, sees Exaion as a valuable addition to its network validators. In a statement, Chiliz expressed its intention to tap into Exaion’s knowledge in the energy and tech sectors to further strengthen the security and efficiency of the Chiliz Chain.

Exaion, a subsidiary of the state-owned energy company EDF, specializes in digital transformation services related to cloud and blockchain technologies, with a particular focus on improving the energy efficiency of data centers. Co-founder Fatih Balyeli emphasized that joining the Chiliz Chain as a validator aligns with Exaion’s vision of shaping the future of digital engagement.

Socios.com has gained recognition for developing fan tokens for renowned soccer clubs such as FC Barcelona, Manchester City, Juventus, and Paris St-Germain (PSG). Notably, PSG recently became a validator on the Chiliz Chain, making it the first sports club to take on this role. Validators play a crucial role in securing blockchain networks by verifying transactions and executing smart contracts, while also earning revenue from running a node.

The collaboration between Exaion and Chiliz highlights the growing intersection between blockchain technology and the sports and entertainment industries. As more organizations recognize the potential of blockchain for enhancing fan engagement and monetization opportunities, partnerships like this one are likely to become more common in the future.

Overall, Exaion’s entry into the Chiliz Chain as a validator underscores the company’s commitment to innovation and its willingness to explore new opportunities in the rapidly evolving blockchain ecosystem. This move not only strengthens the security of the Chiliz Chain but also paves the way for further advancements in the intersection of blockchain, energy, and sports technology.