France Electric Power Corporation EDF joins Hedera Steering Committee… Energy industry-‘Attention’ as a combination of blockchain
EDF (French Electric Power Corporation), the world’s top five electric power corporations, will join the Hedera Steering Committee to operate Hedera network nodes. EDF is a leading company in responding to climate change, and it is operating under the goal of producing low-carbon electricity and achieving carbon neutrality by 2050. Hedera Network, a “proof-of-stake-based (POS) decentralized public network,” is said to have been optimized to help EDF’s goal to create practical use cases (use cases) in the energy sector.
EDF is also emerging as a pioneer in helping customers around the world use blockchain technology and distributed ledger technology (DLT). Exaion, a subsidiary of EDF, is currently operating BaaS (Blockchain as a Service), which provides computational functions and network infrastructure necessary for project acceleration and security maintenance. Exaion will operate the Hedera network node for the first time in France.
Exaion is also running a node for another blockchain project, Tezos, and is also participating in the Energy Web Foundation and Hyperledger Foundation.
“In the near future, distributed ledger computing technology supports increasingly decentralized power systems and complex supply chains, as well as digital asset exchanges, energy certificates, GHG credits, and more,” said Gilles Deleuze, lead researcher at EDF R&D. “The various elements of the distributed ledger technology ecosystem will be the pieces of the puzzle that realize this vision in reality.”
“EDF’s Blockchain TF expects blockchain consortiums and foundations to develop a decentralized platform to achieve this vision. We plan to work with industry leaders such as Hedera Hashgraph to develop innovative technologies and management methods, and to build an ecosystem that can create value. It will also derive practical use cases in the energy and EDF industries, and make Exaion grow its potential in blockchain/distributed ledgers and high-performance computing services. HTS (Hedera Token Service) is expected to implement these plans by building a carbon offset and credit system on top of Hedera in accordance with EDF’s goals. In addition, we are also exploring other use cases that can take advantage of the technological strengths of Hedera, such as high speed and high security.”
Lionel Chocron, Chief Technology Officer at Hedera Hashgraph, said, “Today’s most forward-thinking organizations recognize the need for a variety of technologies and efforts to deliver the services customers want to make the leap forward in distributed computing. “EDF is a global leader in providing innovative solutions and services that simultaneously pursue a zero-carbon energy future, global environmental protection and economic growth using distributed ledger technology. “We welcome EDF to join the Hedera Board of Directors, and we are considering a variety of ways the Hedera Network can help bring their vision to life.”
As the 19th member of the Hedera Board of Directors, the EDF Group has joined the growing network of the world’s largest companies and organizations. This group includes Avery Dennison, Boeing, Dentons, Deutsche Telecom, DLA Piper, EFTPOS, FIS, Google, IBM, LG Electronics, Magaloo, Nomura, Standard Bank, University of London, Swilles, Tata Communications, Wipro, Companies and organizations such as Zain Group are included.
Members of the Hedera Steering Committee may be reappointed once for a term of up to three years, and are responsible for running the initial nodes of the Hedera Network and leading both the strategic composition and software development. This ensures stability and protects users by eliminating the risk of forks (network branches). Furthermore, the governance model that preserves the integrity of the Hedera network is expected to be of great help in maintaining the diversity and distribution of public networks.
Notice. This content is a press release of the relevant party, and does not mean that the facts of the information have been confirmed, and may differ from the editorial direction of this magazine.
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.