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Tezos reaches government adoption in France

By Inkarias - 2019-11-23

Tezos currency has been recently announced as a storage support for the government in France, especially for the cybercrime entities. The French Armies and Gendarmerie’s Information and Public Relations Center has validated judicial expenses incurred during investigations on the Tezos (XTZ) blockchain. A press release published on Nov. 20 notes that the Gendarmerie’s cybercrime division (C3N) used the system to buy cryptocurrency from Europol-allocated funds and cover its operational costs with those assets.
This note states that:
The French Armies and Gendarmerie’s Information & Public Relations Center (SIRPA) announced that since September 2019, the Gendarmerie’s cybercrime division (C3N) has been validating judicial expenses incurred during investigations and recording them on the Tezos blockchain. Debuting on the Tezos network, this is one of the first examples of a government entity using a smart contract for operational purposes. The new program allows C3N to acquire cryptocurrency from Europol-allocated funds in order to cover operational costs.

Tezos integration

Tezos’ main development and research center, Nomadic Labs, claims that the system employs the first smart contract ever developed by a public authority. The program enables C3N to buy cryptocurrency from Europol-allocated funds and cover its operational costs with those assets. By using a blockchain-based system, it simplifies administration and procedures, and ensures the ability to audit and the traceability of funds. The smart contract that regulates the functioning of the system only interacts with authorized individuals and enables C3N to justify expenses without disclosing operational activities.

This integration of Tezos system into a real case attached to government is only the beginning of the possibilities associated with blockchain technology. Tezos, in the long run, can be a trusted a safe support for a lot of assets and confidential documents all around the world and in various sectors.

More detail on this integration on Nomadic Labs LinkedIn account.