Fifth Largest Electrical Company, EDF Partners With Ethereum App To Test Blockchain Efficiency
Electrical company, also known for being the fifth largest in the world, Électricité de France (EDF), has supposedly paired up with an Ethereum application dubbed, “iExec” in an attempt to explore blockchain uses reports Coin Desk (https://www.coindesk.com/the-worlds-fifth-largest-electrical-company-is-using-an-ethereum-dapp).
In particular, EDF plans to launch their respective visual simulator software, GPUSPH, on the app – which itself explores cloud computing on blockchain – to see whether changes need to be made in terms of the current platform used.
As per the claims made, the simulator is useful within the field in which fluids are modeled, with examples such as water dams and lava cooling mentioned. While blockchain technology is being assessed here, the team at EDF are more curious to see if Ethereum brings any benefits at all.
Blockchain Engineer at EDF, Gilles Deleuze explicitly shared with Coin Desk that this testing phase is fundamental in how things are approached in the future. Here’s more on what has been shared:
“In a wider perspective … development of distributed computing is a credible scenario for the future, and blockchain may be a nice lever in this scenario. So, let’s explore it.”
One might wonder why to choose Ethereum, given the fact that it too has suffered greatly with scalability issues. Turns of that iExec won’t entirely be affected by this, as they plan to execute a “scaling solution” of their own. Here’s what the Head of Innovation and Adoption at iExec, Jean-Charles Cabelguen, had to say regarding scalability:
“The heavy computing is done off-chain and does not overwhelm ethereum. Afterward, blockchain is used to reach a consensus on the validity of computation’s results. A hash of this result is stored on the blockchain.”
This will not be the only project EDF will be working on, as Deleuze shared that more projects will be tested on the app. Clearly, EDF has been working towards promoting innovation and this isn’t the first of its like.
On May 8, 2019, it was reported that in the UK, EDF Energy has launched a competition, in which the goal is to spark innovation in four primary areas, including electric vehicles, artificial intelligence, and finding ways to enhance customers’ lives. The fourth is open to exploring, as competitors can come up with an area they want to improve.
The challenge is being held by EDF’s innovation accelerator, Blue Lab, reports news outlet, Current News (https://www.current-news.co.uk/news/edf-launches-competition-to-spark-innovation-in-the-energy-sector) and here’s what the Director of Blue Lab had to say:
“EDF Energy has a strong history of promoting innovation and we want to ensure we continue to gain a fresh perspective by collaborating with an even wide range of young companies.”