Coexya

Sword, a leader in digital transformation becomes a Tezos baker

Sword France expanded its involvement in the Tezos ecosystem by becoming a corporate baker. Tezos is a decentralized, public blockchain that evolves by upgrading itself. Tezos is dedicated to the creation and management of assets and distributed applications. By officially becoming a baker, Sword France will now validate transactions (blocks) and add them to the Tezos blockchain. Sword France is an international leader in digital transformation that has engaged significantly with blockchain technologies, particularly Tezos.

As a digital transformation leader since 2000, Sword has acquired a solid reputation in software publishing and complex IT & business project management. By relying on Tezos, Sword makes the choice of a blockchain protocol in line with the company’s expectations of technical excellence and high security standards.

The Tezos blockchain uses a consensus algorithm based on a Liquid Proof-of-Stake mechanism (LPoS). Block creators, called “bakers”, fulfill – in an eco-friendly way – the same role as “miners” in previous blockchain generations. Each block is created by a randomly selected baker, endorsed by other bakers, and validated by the rest of the network. Bakers put up their stake of tez (XTZ) as collateral to ensure that blocks are validated
correctly, incentivizing network participation and ensuring network security. By becoming a baker on the Tezos blockchain, Sword France joins more than 400 bakers around the world who participate every day in securing the Tezos network.

« We are convinced that crypto-assets and particularly security tokens will have a major role to play in tomorrow’s banking ecosystem. Becoming a corporate baker on Tezos is evidence of that conviction and represents a further step towards blockchain adoption. The choice of the Tezos blockchain is not accidental, we have been looking at the Tezos technology and working with the community for over a year. The Tezos network provides security guarantees, transparency and strong adaptability, which makes it very attractive for companies like ours. We believe in particular that it is today’s best distributed ledger for securities token issuing. »

Alain Broustail, Sword Blockchain Director