French Energy Giant EDF Subsidiary Becomes Chiliz Blockchain Validator

Exaion, a subsidiary of France's state-owned energy company EDF, became a network validator for the Chiliz Chain, joining one of the country's leading soccer teams in securing the network that hosts fan token trading forChiliz is seeking to leverage Exaion's expertise in the energy and tech sectors, according to an emailed statement. Exaion helps industries with digital transformation related to cloud and blockchain with a focus on addressing energy efficiency of data centers.

Exaion co-founder Fatih Balyeli described the move as"a pivotal strategy that resonates with our goal of shaping the future of digital engagement."has developed fan tokens for some of the world's biggest soccer teams including FC Barcelona, Manchester City, Juventus and Paris St-Germain. PSG recently

Validators manage blockchain nodes in order to secure the network by verifying transactions and authorizing smart contracts. In return, they generate revenue from running a node.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.

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