Paris, Friday, June 28, 2024 – Exaion, a subsidiary of French energy giant EDF, has joined the Cronos blockchain network as a validator node. This move signifies EDF’s growing interest in blockchain technology and its potential applications within the energy sector.1
Cronos, developed by cryptocurrency exchange Crypto.com, operates using a proof-of-authority consensus mechanism. Validators on the network play a crucial role in verifying transactions and securing the blockchain. Exaion’s participation adds to the network’s decentralization and resilience.
The collaboration between Exaion and Cronos could pave the way for future exploration of blockchain-based solutions in energy management, traceability, or even carbon emission tracking. However, specific details regarding potential applications haven’t been disclosed by either party.
The development comes just months after Exaion joined the Chiliz Chain as a validator, demonstrating the subsidiary’s broader interest in the blockchain landscape.
- Cronos blockchain: https://www.coindesk.com/business/2024/06/20/energy-giant-edf-subsidiary-joins-cronos-as-a-blockchain-validator/[↩]
