Energy Giant Engie, Consulting Firm Maltem Partner To Create New Blockchain Firm

News | September 10, 2018 By:

French energy company Engie has partnered with business consulting group Maltem to establish a blockchain development firm for commercial clients.

Engie is a multinational electric utility company that operates in the fields of electricity generation and distribution, natural gas, nuclear and renewable energy. It is also promoting an open innovation approach with its dedicated entity “ENGIE Fab” that supports in particular development of intelligent networks (smart grids), Internet of objects, green mobility, energy storage, and hydrogen.

Founded in 2001, Maltem is an ecosystem specializing in supporting its customers, inlcuding large groups, startups, NGOs and associations, with their digital revolution transformation (organizational consulting, IT, communication/marketing digital, data, innovation, incubation). The company has over 1,000 employees in 12 countries and turnover in 2017 of EUR 100 million ($115M USD).

The new joint venture, dubbed Blockchain Studio, was created in order to democratize the uses of blockchcain technology and make it accessible to as many people as possible, in particular companies. Blockchain Studio, which already secured 1.9 million euros ($2.3M USD) in seed funding, has published a software suite that accelerates and industrializes the implementation of blockchain projects. The software suite includes a tool that facilitates the development of smart contracts making it accessible to users with no technical knowledge and a tool to manage the establishment of blockchain infrastructure accessible in the cloud or directly on the company’s server.

Blockchain Studio is planning to roll out its services on the Asian market starting next year, with the opening of an office in Singapore. It will also open operations in Southern Europe by the end of S1 2019.

“The collaboration between Engie and Maltem is a significant advantage for creating Blockchain Studio,” said Corentin Denoeud, Blockchain Studio CEO. “Their network has already allowed us to receive considerable interest from large groups from a range of sectors.”

“This substantial investment will allow us to attract the best skills and to speed up development of the product, and thereby provide an appropriate and long-lasting solution to our customers’ needs for developing their blockchain applications,” added Vincent Le Gallic, Blockchain Studio CTO.