Energy Giant Engie, Maltem Back New & # 39; Blockchain Studio & # 39; with $ 2.3 million

The French energy company Engie and the business consulting group Maltem are launching a new spin-off for the development of commercial customers, the companies announced on Friday

Dubbo Blockchain Studio, the new enterprise will be addressed to customers in Asia and Southern Europe, Engie said a press release. His first product is a software suite that "accelerates and industrializes the implementation of blockchain projects".

"Most blockchain projects are stagnating at the proof of concept stage and this technology still remains the domain of experts and specialists", the company

The tools will help develop smart contracts, "making them accessible users without technical knowledge ", as well as manage" the creation of a blockchain infrastructure accessible in the cloud or directly on the company server. "

The startup obtained 1.9 million euros (about 2.3 million dollars) in seed financing. The team now includes 10 people and will grow to 25 by the end of 2019, Engie said. The company also plans to open a branch in Singapore next year

Last March, Engie became part of a group of energy companies and Grid Singularity, a blockchain startup based in Vienna, in the Energy Web Foundation (EWF) with the aim of encouraging blockchain projects in the energy sector for commercial implementation.

In July, Engie Lab CRIGEN, Engie's corporate research center, through its Computer Science and Artificial Intelligence Lab, signed a Memorandum of Understanding with The IOTA Foundation to explore the possible use of blockchain in the management of software. energy in smart cities, smart buildings and mobility.

Image of building blocks via Shutterstock

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