EDF’s Exaion strengthens Chiliz blockchain as new validator By Investing.com

EDF (EPA:) Group’s tech arm Exaion has become a validator node for Chiliz Chain, the blockchain network known for improving fan engagement in sports, according to a joint announcement made on Wednesday. This move is seen as a blend of sustainable energy practices with innovative blockchain technology.

Exaion’s role will involve overseeing and ensuring the integrity of transactions on the Chiliz Chain, contributing to the network’s security and reliability. According to the press release, this partnership reflects both entities’ commitment to using blockchain technology responsibly and sustainably.

Chiliz Chain is prominent for its blockchain applications in the sports industry, enabling fans to purchase tokens and NFTs related to their favorite sports teams and brands. The inclusion of Exaion as a validator is part of Chiliz’s broader strategy to expand its blockchain’s utility and engage more actively with the sports and entertainment sectors.

This collaboration comes on the heels of Chiliz announcing new validators, including major sports entities PSG and K-League, as well as introducing updates to its tokenomics and incentives for the Chiliz community.

Fatih Balyeli, CEO and co-founder of Exaion, comments: “Exploring the sports and entertainment sectors opens new avenues for us, making our collaboration with Chiliz Chain as a validator node a pivotal strategy that resonates with our goal of shaping the future of digital engagement. Our commitment to energy efficiency and reducing environmental impact enriches Chiliz’s mission to transform how fans interact with their passions.”

Chiliz CEO Alexandre Dreyfus hailed Exaion’s addition as a validator, noting the importance of aligning with partners who prioritize eco-friendly practices in the blockchain sector. “Having Exaion, a subsidiary of EDF, as a validator node on our chain is a testament to our commitment to sustainability and innovation. Their renowned expertise in the energy sector and proactive approach to eco-responsibility will significantly bolster our efforts in this space,” he added.

Validator nodes like Exaion are critical to the blockchain’s operation, ensuring that transactions are processed efficiently and securely. This expansion is a necessity for the Chiliz Chain as it continues to attract a global audience of sports fans and tech enthusiasts.