8 months ago

A French energy company Engie and Maltem consulting group have set up a joint venture Blockchain Studio to democratize the use of new technology and provide access to it for as many people and companies as possible. According to the press release, the start-up was initially granted seed financing of €1.9 million (about $2.3 million).

Blockchain Studio has already published a software package that is designed to accelerate and industrialize the implementation of blockchcian projects. The first tool, developed by Engie in 2017, facilitates the development of smart contracts, making this process available to users who do not have technical knowledge. The second one controls the creation of the blockchain infrastructure that is available in the cloud or directly on the server of the company.

The companies expect that with new tools Blockchain Studio will be able to successfully enter the fast-growing market of blockchain-based solutions. As noted in the press release, according to a survey conducted by the audit firm Deloitte among 1,053 company executives with an annual turnover of more than $500 million, 41% of them expect that the blockchain applications at their enterprises will be implemented in the next 12 months.

Blockchain Studio now has 10 employees. As expected, by the end of 2019 their number will increase to 25 people.

Early next year, the company plans to enter the Asian market with the opening of an office in Singapore. In the second half of 2019, Blockchain Studio intends to begin operations in Southern Europe.