Energy Giant, ENGIE and Maltem found new "blockchain studio" with €1.9m

The Blockchain is a revolutionary technology affecting all sectors ranging from energy to banking, to agri-food or mass distribution. However, most Blockchain projects stagnate at the “proof of concept” stage and this technology still remains the domain of experts and specialists.

Blockchain Studio was created by ENGIE and Maltem in order to democratise the uses of this technology and make it accessible to as many people as possible, in particular companies. Initial €1,9 million in seed funding has been secured.

Blockchain Studio published a software suite that accelerates and industrialises the implementation of Blockchain projects:

• An initial tool imagined by ENGIE in 2017 which facilitates the development of “smart contracts” making it accessible to users with no technical knowledge.
• A second tool manages the establishment of Blockchain infrastructure accessible in the cloud or directly on the company's server.

Thanks to the design of these new tools, Blockchain Studio will be able to meet the requirements of many businesses and enter a fast-growing global market. Among the 1,000 executives of firms with turnover of over USD 500 million surveyed by the firm Deloitte, 41% expect that their companies will adopt this technology in the next 12 months with investment budgets of several million euros.

Blockchain Studio currently comprises 10 employees and foresees a headcount of 25 by year-end 2019. The company plans to position itself on the Asian market at the beginning of 2019 with the opening of an office in Singapore. It also plans to develop its activities in Southern Europe end of S1 2019.

“We are very pleased to be contributing to this development, which should allow Blockchain technology to be made accessible to many actors. It is an excellent example of an innovative tool contributing to ENGIE’s digital transformation,” Yves Le Gélard, ENGIE’s Executive Vice-President and Chief Digital Officer enthused.

“To spread, an innovation as radical as Blockchain technology needs the power of large groups to be combined with the agility of start-ups. This is the purpose of Blockchain Studio, a joint-venture between ENGIE and our agency dedicated to innovation, Futurs.io,” Jean-Luc Clamen and Pascal Mennesson, partners and co-founders leading the Maltem Consulting Group were pleased to explain.

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