EDF and droppRWA Sign MOU to Explore Blockchain Solutions in Saudi Energy Sector
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Blockchain Collaboration: EDF Group and Saudi-based droppRWA have signed an MOU to explore implementing blockchain tokenization solutions in the Saudi energy sector, aiming to modernize the carbon credit market by enhancing project liquidity.
- Asset Tokenization: This partnership will facilitate bringing renewable and thermal energy assets on-chain, utilizing blockchain technology to streamline inter-company transactions, improve transparency, and optimize asset lifecycle management.
- Technological Investment: EDF RHQ CEO Omar Aldaweesh stated that this collaboration will create value for projects and strengthen the resilience of the carbon credit market, highlighting the company's commitment to new technologies.
- Market Potential: droppRWA Chairman Faisal Al Monai emphasized that making energy assets more accessible and liquid through blockchain infrastructure marks a significant step toward the future development of Saudi capital markets.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
