On May 9, 2017 France Strategie, a public ideas body whose role its to propose a strategic vision for the country, launched a working group to look into blockchain technology to identify its challenges and benefits.
The working group will then propose a technological, academic and economic plan for its development to place France among the leaders of blockchain application.
The report is expected to provide a deep study on the benefits of the innovative storage and retrieval technology and its future development. The technology could have a significant impact on sectors such as banking, finance, contract management and energy trade. However, there are concerns about high energy consumption and storage volumes.