French Energy Giant EDF Subsidiary Becomes Chiliz Blockchain Validator
Summary
Exaion, a subsidiary of French state-owned energy company EDF, has become a network validator for the Chiliz Chain, which hosts fan token trading for Socios.com. The move is part of Exaion's expansion into the sports and entertainment sectors. Chiliz aims to use Exaion's expertise in energy and technology to help with digital transformation related to cloud and blockchain, focusing on the energy efficiency of data centers. Socios.com has developed fan tokens for major soccer teams including FC Barcelona, Manchester City, Juventus and Paris St-Germain, with PSG recently becoming a validator on the Chiliz Chain. Validators secure the network by verifying transactions and authorizing smart contracts, generating revenue from running a node.
