Cryptocurrencies

Blockchain in France, finally progress to be expected? Feedback on the FFPB meeting – Cryptocurrencies

Cryptocurrency and government regulation, concept. Modern economy,

After scouring French territory in search of Blockchain companies. After having collected data via its national census and having analyzed them; the FFPB presented the conclusion of its investigation to us on October 28, the day before confinement. What better way for the French Federation of Blockchain Professionals than to organize its first meeting open to the public, at AFNOR? Do it, surrounded by eminent companies of course!


Cover this event as closely as possible

TheCointribune was there and delivers you a report, of what looks like the last major physics conference of this year 2020.

A evening between professionals of the sector, which yours truly as a media partner representative had the pleasure to cover. Here is the program of the event:

FFPB program

Before we dwell on this evening, let’s see the main reason for your coming: the results of the FFPB survey!

The entire FFPB
Goudet Abale, Gaëlle Marraud des Grottes, Jean-Michel Mis, Rémy André Ozcan

A report to map the industry

Jean-Michel Mis and Rémy André Ozcan with the precious sesame!
Jean-Michel Mis and Rémy André Ozcan with the precious sesame!

As a prelude, it should be noted that nearly 125 companies responded to this survey. Alone 100 of them, meeting the selection criteria, were selected. “What were the selection criteria?” I hear you wonder. Well here they are:

  • Be a commercial company dedicated to the development of services or products based on a Blockchain infrastructure
  • Or a training organization offering lessons on Blockchain
  • Have responded within the allotted time
  • Have its registered office in France and be registered in the trade and companies register.

What profile and what location?

At the level of French players, you will be reassured to know that more than 50% of SBF120 companies (the Paris stock market index) carry out Blockchain projects. So yeah, I think we all agree that they don’t often communicate about it, but the reality is there.

Without surprise 65.7% of the players are centralized in Ile de France. Honorable mention for theAuvergne-Rhône-Alpes (10.1%) and the Pays de la Loire (5.1%), constituency of deputy Jean-Michel Mis.

What is the most used protocol?

Without surprise, Ethereum crushes the competition with 42% of use! And just behind him we find … Bitcoin. Yes, yes, Bitcoin. The king therefore does not seem to be only used as a safe haven or a value transfer asset. Without surprise Hyperledger completes the podium with 15% utilization. However, it should be taken into account that 52% of companies say they use more than one protocol for their project! Proof once again that interoperability is a major issue for Blockchain.

“The Blockchain is an opportunity for France to reappropriate a digital sovereignty strongly eroded by previous failed technological turns. “

Jean-Michel Mis, co-rapporteur of the Blockchain information mission and co-founder of the FFPB.

Blockchain is great, but what about cryptoassets?

Here too, adoption seems to be progressing, 57% of companies surveyed say they have a wallet. However, when it comes to accepting cryptocurrencies, companies are more cautious and only 42% took the plunge. This hesitation is mainly explained by an uncertain Blockchain legal regime (25%) and of course an unattractive tax regime (15.6%).

We must make efforts on the legislative and regulatory framework! The government must react! And 55% believe that the government does not understand these issues ! However, 85% of companies say they are continuing to expand in France.

The French Tech Visa?

French tech visa

If your first thought was ‘uh … what is it?’, Rest assured, you are not the only one (9%). This visa is a simplified procedure for obtaining a residence permit in France. The objective is of course to attract foreign talent and it is surprising to see that the Blockchain does not seem to take advantage of this. (10% of respondents use it).

Blockchain is a field of the future

We have already mentioned it, but in these times of layoffs and massive unemployment, the Blockchain does not seem to be affected by the jobs crisis. 57% say they want to hire a Blockchain expert in the next six months. Knowing that more than half of employees specializing in Blockchain claim that they have not had recourse to any specialized training, you have, dear faithful readers, all your chances.

What are the solutions developed?

69% of companies have already developed marketable solutions. If you can’t immediately list so many solutions, that’s okay! 90% of services and products are B2B. The Finance (30%), consulting (26%) and supply chain (19%) are the biggest sectors.

Fundraising, ICO and BPI?

53 million euros, this is the amount raised by 37 of the participants in this questionnaire. On this side, we remain on a classic model with 61% via Private Equity and only 17.1% by ICO. This funding is helped by the BPI, which when called upon (38%) is aware of the challenge of the Blockchain by responding favorably to 80% of requests.

BPIFrance: serving the future
The BPI seems to be carrying its slogon

The encouraging point of the report concerns the opening of bank accounts, a real prerequisite for fundraising. Indeed, when you chat with Blockchain companies, the subject of difficulties in opening a bank account comes up very frequently. According to the report, 81% were able to open an account successfully, but 42% do not wish to disclose the name of their bank. We can therefore see that a certain distrust and distance remains between the bank and the crypto players.

For the most curious of you who wish to read the figures of the national survey, a full report of which will be published during the month of November, I invite you to visit the FFPB website.

Ladies and gentlemen, the number point being over, let’s take a look at the horizons of this evening of October 28.

An opening speech on the strategic partnership between AFNOR and the FFPB

Introduction by Rémy André Ozcan, President and co-founder of the FFPB

“This decade must be the one that makes the choice, to fully embrace this revolution, seeing it as the opportunities rather than the difficulties. “

Remy André Ozcan, President and co-founder of the FFPB

Organizing this event at theFrench Association for Standardization (AFNOR) First of all, let’s break this embarrassment that arises in some of you when you hear the simple word “norm”.

Pub

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.

Yes, that word can sound abrupt and dangerous to our ears for this free and decentralized technology. Yet it is an essential element for the successful development of an industry. Standardizing means building common rules that benefit all stakeholders. Without standardization, we would never have had the democratization of mobile networks, allowing some of you to read this article, I’m sure. A solid standardization, reassuring investors and users. These days, I think we all agree that we need to be reassured. AFNOR, by advocating the values ​​of trust, transparency and above all consensus, is perfectly in line with the Blockchain ideology and by extension that of the FFPB. Standardization is a formidable vector of competitiveness for companies in the Blockchain industry, in the deployment of the national strategy desired by the government.

Beyond standardization, the achievement of an industry requires the development of its economy and a dynamic business network.

But how to get around the French Blockchain landscape? Quite simply, by realizing a national level survey whose results you had a few seconds ago. Such data not only allows us to better see the strengths and weaknesses of the industry, but above all to transmit them to those who make the decisions to remedy the said problems. This survey also facilitates the structuring and partnerships between professionals. at a time when we are faced with pervasive international competition.

“To my knowledge, the FFPB is the only federation which, from its creation, displays ambitions in voluntary standardization. Well done you have understood everything. “

Franck Lebeugle, Director of standardization activities at AFNOR

A round table on the theme of Blockchain and digital sovereignty

Round table: Blockchain and digital sovereignty

What does standardization consist of? What are the challenges for the industry?

Yves Le Querrec : In my capacity as Chairman of the Digital Information and Communication Strategy Committee, I had the honor of launching the Blockchain Standardization Commission in 2016. We have the distinction of being the only commission to be made up of more than 50% of startups. It is for this reason that we have chosen Sylvain Cariou as president. The rules we build are common and must be adapted to each industry. To standardize is to allow different systems to operate together: it is interoperability. Again, this is a vision that brings us closer to the Blockchain. Contrary to popular belief, only 5% of standards are used for regulation. Standardizing is not about regulating, but about developing our Company. We work with the 14 other strategic committees of AFNOR and believe me, the Blockchain, through its multiple applications, comes up in many discussions.

Sylvain Cariou : Indeed the standards allow democratization. Without the TCP / IP standard or that ofmail sending, Internet would never have democratized. It is these standards that gave birth to the interoperability we know today. Thanks to standards, systems understand each other, but so do people! This understanding attracts customers and enables adoption. At the commission we mainly work on security, definition and organization standards. The rules of classic governance do not apply to Blockchain and require specific work. I am also proud that France has highlighted this subject, which is now a global concern.

Create a standard as a competitive lever

Mourad Faher : Something internationally standardized offers more confidence than a proprietary solution. When the technology is recent, standardization is a starting block putting everyone on an equal footing. It is our know-how and our specificities that then differentiate us from our competitors.

Do you think that the existence of a 100% French blockchain infrastructure is necessary to regain digital sovereignty?

Sylvain Cariou : We are a small country that has trouble getting along with its European neighbors on this matter. We don’t want to fall victim to forced, proprietary Blockchain technology. And again, standardization is the solution. The adoption of the Cloud Act by the United States in 2018 reinforces this need for data sovereignty. This text gives their government the right to have access to the data of the servers of American companies, regardless of their geographic location. To fight against such an intrusion, our clients at CrystalChain are asking us more and more to host their Blockchain on French servers. France must develop quality services to be ready to protect its data.

Mourad Faher : The Blockchain being distributed, it takes a position beyond borders. However, we may need to start thinking about hosting the nodes by a known stakeholder in a known territory. As a result, we will certainly reduce its decentralization, but we will respect digital territoriality.

Yves Le Querrec : The Banque de France and the ECB’s public blockchain experiments for a euro stablecoin must be watched very closely. The protocols we use have to be open source and recoverable if the inventors disappear. Again, we don’t want to and shouldn’t be dependent on a third party.

To be sure of the veracity of the data put into a Blockchain, we are developing a specific standard in France. Can you tell us about it?

Sylvain Cariou : When data is recorded in a Blockchain, it is legitimate to have doubts about its veracity. To answer this problem, 6 months ago we launched a certification standard for companies writing in the Blockchain. To put it simply, if the data you are viewing has been entered by these certified companies, then you can trust them. The fact that the International Organization for Standardization (ISO) did not think about it allows France to retain an advantage in the event of international adoption of this standard.

Exaion, Blockchain As Service and Orange Labs

Prominent members of the FFPB came to illustrate concrete applications of Blockchain technology.

Fatih Balyeli, CEO and co-founder of EXAION

Fatih Balyeli, CEO and co-founder of EXAION, a specialized subsidiary ofEDF launched in January 2020, came to present its solutions Blockchain-As-a-Service (BaaS).

Antoine Maisonneuve, Blockchain Program Manager for Orange

Antoine Maisonneuve, Blockchain Program Manager for Orange He came to talk to us about their involvement in the Blockchain, particularly in terms of creating a decentralized digital identity.

We are not going to dwell on these projects here, as I firmly believe that you will be entitled to a more detailed presentation of each shortly.

Closing speech by Jean Michel Mis and Cedric O

Jean-Michel Mis during the closing speech
Jean-Michel Mis during the closing speech

In his capacity as Deputy for the Loire, co-rapporteur of the Blockchain information mission and co-founder of the FFPB, Jean-Michel Mis concluded this evening. In a voice full of emotion, he reiterated his desire to do assert the Blockchain industry in the national assembly. The fight is not easy because it is global and we must continue to fight in order to democratize the industry.

“The FFPB is not a pyramidal federation, but transversal, in the purest spirit of the Blockchain. “

Jean-Michel Mis, co-rapporteur of the Blockchain information mission and co-founder of the FFPB.

The key guest was the Secretary of State for Digital Transition and Electronic Communications: Cédric.O. Unfortunately, given the pandemic situation, he was unable to attend the event. However, where some would have simply canceled, he wanted to record a video sharing his vision with us.

Cedric 0

For him, Blockchain crystallizes the way innovation develops: a technology on the fringes of institutions, attracting many players in various fields. Very rapid in its growth, but encountering many problems, it must, in order to reach its ultimate form, submit to precise regulation. This regulation should not be punitive, but be reassuring and appropriate. The implementation of the pact law two years ago was the first stone of this long road. The actors must organize themselves so that we can go further together and this is where AFNOR and FFPB come in.

Pub

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.

“Very good years are to come for Blockchain in France and in Europe. “

Cedric O, Secretary of State for Digital Transition and Electronic Communications

Jean-Michel Mis, Gaétan Lajeune (your servant), Rémy André Ozcan
Jean-Michel Mis, Gaétan Lajeune (your servant), Rémy André Ozcan

In view of the context, its guests and the relevance of its data, the FFPB is blowing a fresh wind in our ecosystem. A wind carrying a desire to professionalize an industry disorganized for lack of consensus. An industry which, given the vision of this federation, will not lose the values ​​that are its strength. An industry that will endure, whether some like it or not.

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