French Energy Giant EDF Subsidiary Becomes Chiliz Blockchain Validator

• EDF subsidiary Exaion has become a validator on the Chiliz Chain.
• Chiliz is seeking to leverage Exaion's expertise in energy and technology.
• Exaion follows French soccer giant PSG, which also recently became a Chiliz 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 for Socios.com as it looks to expand its blockchain efforts into sports and entertainment.

Chiliz 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."

Socios.com 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 became a validator on the Chiliz Chain, the first club to do so.

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.

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