September 25, 2021

French utility giant pursues carbon neutrality as Hedera node operator

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French utility giant Électricité de France has joined the Hedera Governing Council as a node operator. EDF, which is among the top five global utility firms, represents the first from its industry to join the council and will use the technology as part of its aim to achieve carbon neutrality by 2050.

The Hedera network is a public, enterprise-grade blockchain that is owned and governed by private entities. EDF joins the likes of IBM, Google, Boeing as node operators, with each having an equal vote in the future direction of the software. Each member can serve for a maximum three-year term, with the possibility of serving for two consecutive terms. The creator and proprietor of Hedera’s Hashgraph algorithm, Swirlds, retains a permanent seat on the council.

EDF’s wholly-owned subsidiary, Exaion, which already runs a Tezos (XTZ) node in France, will leverage the Hedera network as part of its blockchain-as-a-service offerings. Hedera’s proof-of-stake network is expected to form the energy-efficient basis of EDF’s exploration into becoming carbon neutral.

Gilles Deleuze, principal researcher in systems risk assessment at EDF R&D, said distributed ledger technologyTitle: French utility giant pursues carbon neutrality as Hedera node operator
Sourced From: cointelegraph.com/news/french-utility-giant-pursues-carbon-neutrality-as-hedera-node-operator
Published Date: Thu, 04 Mar 2021 12:00:00 +0000