The unique features of blockchain technology (lower operating costs and safety) create new possibilities for the French energy industry. Some initiatives, such as Sunchain or Evolution Energy, are currently developing blockchain-based projects aimed at decentralizing existing energy systems.

Blockchain technology can support banks, insurance, medical and pharmaceutical industries, many other sectors. Centralized majority of “trusted third parties” are banks, notaries, signs, and so on. Can be replaced by a distributed network system in the blockchain.

Earlier, regulators were behind the curves, and DeFi managed to make progress in the region. For example, in a typical unsecured loan, it is a lawful necessity for the lender and the borrower to know each other and assess the borrower’s ability to repay the loan. No one needs to deny. Instead, it’s about trusting each other and protecting your privacy.

Many backward countries face major challenges in terms of land resources. Without proper management, distribution, and accounting of operations, millions of hectares of land are widely publicized.