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New Corporate Baker Telindus Announces Solution For Nodes, Compliant To Regulations For The Financial Industry On Tezos
Telindus is a Luxembourg-based ICT and Telecom solutions provider and a subsidiary of Proximus Group, a Belgium provider of digital services and communication services with a revenue of over 5.5 billion Euros in 2021.
Telindus become the 26th corporate baker in the Tezos ecosystem.
By: Lee Evans
20 January 2023
Disclaimer
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Telindus Becomes A Corporate Baker In The Tezos Ecosystem
Telindus is a Luxembourg-based ICT and Telecom solutions provider and a subsidiary of Proximus Group, a Belgium provider of digital services and communication services with a revenue of over 5.5 billion Euros in 2021.
Choose Your Baker
In particular, Telindus plans to implement the “Choose Your Baker” solution developed by Coexya, an independent and multi-specialist leader in the digital industry that operates as an integrator, software publisher and consulting firm.
Thanks to this open-source solution, Telindus is able to filter out validation nodes that do not meet its compliance criteria such as certain regulatory requirements related to the fight against money laundering and the financing of terrorism (LBT/FT).
An integration made possible with the advice and technical support of Nomadic Labs, the largest R&D center in the Tezos ecosystem.
Corporate baker
Telindus announced that they became a corporate baker on the Tezos blockchain. A company that sets up a Tezos node, is playfully called a corporate baker.
A Corporate baker is not a special type of baker with any special position within the Tezos ecosystem.
The fact that this baker will be run by a corporation simply emphasizes the amount of trust and involvement corporations show in the Tezos blockchain.
Additionally, setting up a node/ baker enables them to play an active role in the democratic Tezos protocol and have a voice in the direction of core protocol development via amendment upgrades.
It essentially gives them a stake in the blockchain that they are running programs and applications on.
Some Other Corporate Bakers
– Ubisoft, a multi-national gaming giant that are known for large video game franchises including Rayman, Rabbids, Prince of Persia, Assassin’s Creed, Far Cry, Watch Dogs, Just Dance, and the Tom Clancy’s series.
They are considered to be one of the biggest games companies in the world.
– Wakam, an Insurance company that creates white-label and tailor-made insurance solutions for its distributor partners and clients.
Wakam, based in Paris, operates with over 120 employees and offers many B2B insurance services to large partners and clients.
– Exaion EDF Group, a subsidiary of EDF, the second largest electric utility company in Europe with a yearly revenue of $ 70 billion, over 152,000 employees and partly owned by the French state.
Exaion EDF Group specializes in high-performance computing and is a cloud provider for blockchain solutions.
Disclaimer
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
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