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French utility giant pursues carbon neutrality as Hedera node operator

Published 03/04/2021, 07:00 AM
Updated 03/04/2021, 12:00 PM
French utility giant pursues carbon neutrality as Hedera node operator

French utility giant Électricité de France has joined the Hedera Governing Council as a node operator. EDF (PA: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 (NYSE:IBM), Google (NASDAQ:GOOGL), Boeing (NYSE:BA) 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.

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