See More

Tezos Smart Contracts Already Being Used by French Army

2 mins
Updated by Adam James
Join our Trading Community on Telegram
Tezos has become the first blockchain to be used for operational purposes by a public entity. The French Army has been utilizing the blockchain to validate its judicial expenses via a smart contract.
In a ground-breaking announcement, it has just emerged that the French government has been actively working on Tezos. In a confirmation earlier today, the French Army and the Gendarmerie’s Information & Public Relations Center (SIRPA) has said that the government entity has been using Tezos since September. It has been leveraging it to track judicial costs for operational purposes. The division within the French army working on Tezos is the cybercrime division, C3N. A recently-instated program allows for C3N to acquire cryptocurrency payments from Europol-allocated funds to pay for operational costs. To ensure these funds stay traceable and auditable, C3N has chosen Tezos to record each cost. They have created a smart contract on Tezos to do so. The smart contract created by C3N has been private, with only permitted individuals being allowed to see it. This is to ensure that operational costs are not disclosed to everyone which could jeopardize ongoing judicial investigations. The story was first reported by Nomadic Labs, the leading research organization associated with Tezos. The news is effectively the first confirmation of a public entity issuing an operational smart contract on a blockchain network. It seems that Tezos has become something of the blockchain network of choice in France which makes sense given that the project is based in Paris. Coinbase Tezos Tezos’s own hardfork, Dune, has interestingly enough also made serious inroads with investments from major players and entities in France as well. As BeInCrypto previously reported, Dune has received investments from a French billionaire and various start-up leaders. As of now, the two public blockchains seem to be competing over who can attract the greatest market share in France. For now, the jury is out on which will prove to be more successful despite Tezos being many times larger for the time being. Tezos currently boasts some 40 research engineers with Nomadic Labs being the project’s main research center of operations.
Did you know you can trade sign-up to trade Bitcoin and many leading altcoins with a multiplier of up to 100x on a safe and secure exchange with the lowest fees — with only an email address? Well, now you do! Click here to get started on StormGain!
Top crypto projects in the US | June 2024

Trusted

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

photo_Anton_circle.jpg
Anton Lucian
Raised in the U.S, Lucian graduated with a BA in economic history. An accomplished freelance journalist, he specializes in writing about the cryptocurrency space and the digital '4th industrial revolution' we find ourselves in.
READ FULL BIO
Sponsored
Sponsored