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  1. PROSPEH, poslovne storitve in digitalne rešitve, d.o.o.
  2. Infineon Technologies AG
  3. NYALA Digital Asset AG
  4. Circularise B.V.
  5. IOTA Stiftung
  6. EastNets Europe S.A.
  7. Stichting 2Tokens
  8. Brickken PFP, S.L.
  9. Axiologic Research
  10. ReLOG3P SRL
  11. PlanDail Ltd, Operating as Trrue Ltd
  12. Doxychain
  13. VERAG Spedition AG
  14. REClosure
  15. Kunveno Teknologos
  16. IoT Nederland BV
  17. HACEN OÜ
  18. DigiShares A/S
  19. Konnecta Systems IKE
  20. EBSI Verifiable Credentials Use Case

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Use caseDescription

PROSPEH, poslovne storitve in digitalne rešitve, d.o.o.

OriginTrail is an ecosystem building a Verifiable Internet for AI, providing an inclusive framework that tackles the world's challenges in the AI era, such as hallucinations, bias, and model collapse, by ensuring the provenance and verifiability of data used by AI systems. Having been put to use for a spectrum of solutions, including deployments by Fortune 500 companies, it tackles misinformation by enabling discoverability, verifiability and ownership of Knowledge Assets with its Decentralized Knowledge Graph (DKG).

The OriginTrail DKG is an open, permissionless decentralized network of knowledge graph nodes integrated with multiple blockchains, such as Ethereum, Polygon, Gnosis Chain, and Polkadot. It is a core component of the verifiable internet infrastructure enabling AI solutions to leverage its discoverability, verifiability, and ownership capability. Its core resources are Knowledge Assets, organized in DKG Paranets together with knowledge services.

Using the Decentralized Retrieval-Augmented Generation (dRAG) framework, OriginTrail enhances AI models with verified information from decentralized sources, ensuring accurate and reliable AI-generated content. dRAG advances the RAG model by organizing external sources in a Decentralized Knowledge Graph while introducing incentives to grow a global, crowdsourced network of knowledge made available for AI models to use.

OriginTrail is used by global leaders like the British Standards Institution, Swiss Federal Railways, Supplier Compliance Audit Network (SCAN), representing over 40% of US imports and several consortia funded by the European Union among others. Advised by Turing award winner Dr. Bob Metcalfe, renowned for his law of network effects, the Trace Labs team (OriginTrail core developers) plays a crucial role in promoting a more inclusive, transparent, and decentralized AI.


Infineon Technologies AG



Infineon proposes a solution to the blockchain's 'oracle problem' in providing trustworthy data feeds from IoT edge devices, such as sensor nodes.

Problem background

  • While data on a blockchain is 'trustless', any data feed from the outside needs an "oracle service to facilitate the translation and verification of the data from the external storage" (ETSI publication on permissioned distributed ledger).
  • In an ideal world, edge data feeds should be as trustless as the blockchain itself; but for a single and thus centralized hardware (sensor) oracle this is barely achievable.
  • Depending on the specific use case and the required level of assurance, different threat models apply. Adapting security measures in hardware and software is essential to strike the right balance between cost and performance considerations, based on the specific use case and the required level of assurance.

High level approach

  1. Traditional IoT security concepts secure edge devices and their data against attacks by outsiders, e.g. Transport Layer Security (TLS) for data transmission from the edge to net/web/cloud.
  2. To ensure trustlessness, supplementary measures secure edge processing and data transmission from the edge against unauthorized changes by insiders with administrative rights. Additionally smart contract based security and integrity checks can be logged on a permissioned distributed ledger (PDL) and made verifiable to relying parties.
  3. Depending on the level of assurance required for the use case, relying parties may verify the authenticity of edge identities, inspect source code cryptographically linked to the actual deployed edge software and audit the smart contracts and policies for security checks and audit logging.
    Nota bene: relying party is any data consumer including 3rd party auditors and blockchain applications that execute their smart contract logic based on the trustworthy data feed.

Result

Ultimately, relying parties can verify that edge device identities are authentic and that data has not been manipulated during either edge processing or transmission. In addition, relying parties may examine smart-contract based audit policies and source code deployed to edge devices. In result, applications based on new standards such as the digital twin (ISO) and the asset administration shell (IEC), as well as new EU regulations like eIDAS-2 and the digital product passport (ESPR), may consume a data feed that can be verified for its trustworthiness.

 


NYALA Digital Asset AG

 NYALA Digital Asset AG operates a Digital Asset Platform, which serves as an infrastructure layer for the issuance, registration, and custody of tokenized securities. With our regulated subsidiary, a crypto-securities registrar, we have repeatedly issued tokenized financial instruments over the past 18 months and have realized the first tokenized 
shares under the German e-Securities Act. Our solution is built on the public Polygon PoS chain and encompasses the minting and distribution of tokenized securities, as well as maintaining the registry of owners, to connect on-chain and off-chain information. 

As one driver to solve the funding gap in the EU, with a focus on SME financing and renewables projects, we are now shaping our digital asset ecosystems into one holistic 
secondary market under the DLT Pilot Regime. Our Digital Asset Platform will serve as a back-end engine, which connects investment platforms into a trading ecosystem, thus making sub-scale bonds and equities investable for more investors. 

Our vision for the secondary market is to integrate the entire securities value chain within a single unit and to facilitate seamless trading and settlement processes. For this we partner with an existing MTF to conduct trading off-chain and serve as the settlement infrastructure on-chain. To enable DVP and automated dividend payments, we are 
integrating an e-money token for the cash leg.

Circularise B.V.

With the increasing regulations (e.g. ecodesign directive, Digital Product Passports (DPP), Corporate Sustainability Due Diligence) the need for data sharing is evident. However, companies are hesitant to share data, given the threat of its sensitive data being exposed. Circularise appears as a solution to the traceability challenge faced by value chains from multiple industries. Our platform harnesses groundbreaking and patented encryption technology to secure data across the supply chain in a way that's safeguarded against even the most advanced cyber threats.

Circularise provides a tool to securely share sensitive information among value chains. Suppliers can create DPPs, and share key data with their customers, without endangering their Intellectual Property and competitive advantage. For example, do you share the full information or only whether it surpasses a certain threshold? Do you share the same data with your customer as with your auditor? These are challenges Circularise’s software solves through its Smart Questioning technology, based on blockchain and zero-knowledge proofs.

If an Original Equipment Manufacturer (OEM) seeks to comply with a regulation, they will need data. For example, they need to ensure that there is no Bromide on their products. Using the Circularise system, an OEM can trigger a data request deep into the different tiers of its supply chain. The system connects data that exists decentrally across different supply chain steps and makes it available to the Brand owner. The patented technology ensures that the exact data input will not be visible to all other actors, but rather an answer to the question of whether the component contains or not bromide, or even if the percentage is lower/greater than or in between some values, enabling the OEM to check its compliance with regulations. Moreover, if the OEM needs information on a new chemical, they can send a data request through the Circularise’s system along the value chain, to know if they meet the requirements.

The information could be about sourcing, chemical composition, technical properties, environmental assessments, and others, that support compliance or even specific OEM supplier requirements. Additionally, the data shared within the Circularise is reliable through its verifiable DPPs. These provide a publicly verifiable trail ensuring consistency, authenticity and integrity for claims about subjects, identified by their relation to a reference subject while ensuring privacy beyond the veracity of the claims. Notably, it achieves this without depending on a single central authority or auditors for trust in the consistency of narratives, balance checks, evident changes, etc. All this is possible while maintaining the confidentiality of the sensitive information.

                   

IOTA Stiftung

About IOTA

Since 2015, the IOTA project has developed open-source software, focusing on next-generation decentralized technology that promotes transparent, secure, and ethical practices in the digital space. 

Key Entities driving the project
IOTA Foundation in Germany (Research and Development), Tangle Ecosystem Association in Switzerland (Supporting the ecosystem in Europe and North America), IOTA Ecosystem DLT Foundation in UAE (Expanding reach in the Middle East and beyond)


IOTA Network (Tangle)

  • The IOTA network, known as the "Tangle," is a feeless, scalable distributed ledger designed for the Internet of Everything and Web3 applications.
  • Unlike traditional blockchains, the Tangle uses a Directed Acyclic Graph (DAG) structure for parallel transactions.
  • Offers fast transactions with finality within seconds and supports ~1,000 feeless transactions per second.
  • No miners or classic transaction fees, ensuring an unbiased, transparent, and efficient system.

IOTA Token

  • On October 4, 2023, the IOTA network's token supply was updated to 2.7B IOTA tokens.
  • Gradual increase over four years to reach a total fixed supply of 4.6B IOTA tokens.
  • The IOTA protocol will not issue additional tokens, ensuring a total supply of 4.6B tokens.
  • IOTA is listed on most major currency exchanges, including Binance, OKX, KuCoin, Bitfinex, Upbit, Bitpanda, and Viviswap.

IOTA Product Suite
IOTA offers a suite of products tailored that  empower individuals and businesses to leverage the advantages of Web3 technology

  • IOTA Identity: Provides secure and verifiable online signatures
  • IOTA Smart Contracts: Enables SC development on IOTA
  • IOTA Chains: Allows anyone to anchor WASM or EVM-based Layer 2 smart contract networks to the IOTA Layer 1.
  • IOTA Digital Assets: Offers secure tokenization with equal security and scalability as IOTA, allowing custom tokens and feeless transfers between IOTA Chains via the Tangle.
  • Firefly Wallet: The official IOTA wallet complies with industry standards and prioritizes security.

EastNets Europe S.A.

SafeWatch Screening ChainFeed - An Eastnets SafeWatch Screening Module 

Updating the watchlists that underlie compliance screening systems is of paramount importance to your counter-terrorism and anti-money laundering strategy. Yet conventional watchlist-update methods involve manual, time-consuming steps, tying up resources and leaving banks vulnerable to delays, errors, and fraud. SafeWatch Screening ChainFeed from Eastnets uses distributed-ledger blockchain technology to eliminate these risks and complete watchlist updates automatically and in real time. 

SafeWatch Screening ChainFeed Closes the Gaps in Your Sanction Screening Strategy

  • Blockchain-Based, Real-Time Updates: Avoid delay risks with instant sanction list updates and Real Time List Loading (RTLL). As soon as a country, 
    individual, or entity is added or deleted from a watchlist, updates securely flow to your system. Your screening solution is always current, ensuring the 
    highest level of protection for your institution.
  • Operational Integrity: The distributed-ledger technology works without interruption to your operations, so you can keep your watchlist updated without any downtime for your bank.
  • Accuracy and Consistency: At any point, all your subsidiaries and entities will have the same exact version of the watchlist. You can be confident that 
    your watchlists are correct and mistake-free.
  • Enhanced Security: Permissions and cryptography prevent unauthorized access to the system while the elimination of manual updates prevents intentional fraud.
  • Timestamps: All updates on the blockchain are time-stamped. Easily refer back to any historical watchlist version for compliance and audit purposes.

Eastnets Approach to Real-Time Sanction List Updates 
Always know who you can and can’t do business with. SafeWatch Screening ChainFeed works with the comprehensive Eastnets SafeWatch Screening solution to instantly update your watchlists and ensure your protection and compliance around the clock. 

  • Automate: Watchlist updates happen automatically, in real time, eliminating the need for manual changes and reducing your risk of errors or fraud. 
  • Validate: Verify the integrity of watchlist content against ChainFeed content to ensure completeness of the watchlists used for screening.
  • Audit: The ledger is immutable, allowing any update on the blockchain to 
    be traced to its origin.

Stichting 2Tokens

Hosted Wallets Services for non-crypto-asset / non financial related tokens

The use case involving the 2Tokens consortium, along with Amdax, Celebratix, Custodiex, Metaseum, TDE (OnYourMarks), and CMS, pertains to the unclear regulatory status of hosted wallet services for tokens that are neither financial products nor crypto-assets as defined under MiCAR.

Tokenization, commonly associated with crypto-assets, also has numerous applications beyond financial products and services. Companies like Celebratix, Metaseum, and TDE utilize this technology to provide non-financial and non-crypto-asset tokens, such as concert and museum tickets, proof of attendance tokens, and fan engagement points, in their services. Typically, their clients are unaware that Distributed Ledger Technology (DLT) powers these offerings. By incorporating wallets into their applications, often through hosted wallets, these companies effectively provide hosted wallet services for tokens unrelated to financial or crypto-assets.

Although the primary service of these parties is related to non-financial or non-crypto-asset tokens, the integrated wallets can technically receive, hold and transfer crypto-assets. Also in the transfer of the tokens they are offering it is very well possible that they need to have cryptocurrency in thosehosted wallets to pay transaction fees. In this way, Celebratix, Metaseum and TDE, could be seen as CASPS while their tokens are not crypto-assets nor financial product related.

This situation could lead to significant regulatory and operational costs, potentially making it unfeasible for these companies and others in the industry to compete with non-blockchain/DLT competitors. Such a scenario poses a substantial threat to all use cases involving non-crypto-asset and non-financial product tokens.

The consortium partners Amdax and Custodiex offer regulated hosted wallet / custodial services. Through this use case, they jointly want to explore if white label hosted wallet services can be offered, e.g. in a light regime, or exemptions for non-crypto-asset tokens are possible so these companies can offer their services level playing field. If not, although products are alike, based on technology, non-crypto-asset companies using tokens are under regulatory oversight but their competitors who use other technologies are not.

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Brickken PFP, S.L.

Overview:
Brickken provides a comprehensive Digital Asset Platform that facilitates the tokenization of Real-World Assets (RWAs), encompassing financial instruments such as debt, equity shares, and revenue streams. This platform allows entities to obtain investments and effectively manage investor relations, ensuring enhanced efficiency, transparency, and optimization of processes using blockchain technology.

Highlights:

  • Tokenization of Assets: Convert various forms of RWAs into their digital representations, ensuring a secure and transparent digital ledger.
  • Investor Management: Facilitate investor engagement and management through a seamless digital interface.
  • Regulatory Compliance: Our technology is built to be flexible enough to adhere to different legislative standards and adapt to future regulatory requirements.
  • Automation: Streamline processes such as reconciliation, settlements, corporate actions, distribution of earnings and governance through smart contracts.

Advantages:

  • Plug and Play Solution: Quick setup and operation without the need for coding. The platform does not require any technical know-how from users, broadening accessibility and fostering economic inclusivity.
  • Commercial: Customize the platform’s look and feel to align with your brand’s style, enhancing appeal and attracting investments across various channels.
  • Social and Public: Boost trust and transparency in the investment process, benefiting companies and investors alike.
  • Economic: Lower costs related to traditional asset management and fundraising.
  • Technical: Includes an API for seamless integrations into third-party platforms.

Strategic Importance:

  • Innovation in Asset Management: By leveraging blockchain, Brickken introduces a novel approach to managing and trading RWAs.
  • Enhanced Accessibility: Makes investment opportunities available to a broader audience, democratizing access to investment in high-value assets and opening new capital sources for companies.

Conclusion:

Brickken's Digital Asset Platform revolutionizes how companies tokenize and manage RWA’s by offering a secure, transparent, and efficient tool that aligns with companies' new financial needs.This platform not only simplifies investments but also opens new avenues for growth by allowing companies to operate on a global scale with minimal operational costs.

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ReLOG3P SRL

WHO

ReLOG3P (https://relog3p.com) is an Innovative Startup and Benefit Corporation based in Italy offering highly innovative, new-to-market products and services that provide support for the Global Trade (freight Logistics, Supply Chains, Mobility and Transport industries, end-to-end, including last/first mile and Smart Cities) to contribute, among others, achieving the UN Agenda 2030 and its Sustainable Development Goals as well as the EU objectives set by the Green Deal, Fit for 55% Package, Sustainable and Smart Mobility Strategy, Digital Strategy.

Morpheus.Network (https://morpheus.network/) is a Canadian Company intensely focused on helping companies and Government organizations remove barriers to digitize, optimize and automate their global supply chain operations, helping clients maximize revenue through digitization and process automation, protecting sensitive data, and untangling complex issues with the legacy supply chain system while delivering effective, equitable, and efficient global trade solutions.

WHAT

A fully automated Certificate Management System for the Global Trade dominium (Logistics, Mobility, Smart Cities) and, specifically, for the food and agricultural industries. Furthermore, our use case is to be considered built in a fully modular and scalable way, so to allow multi-industry (supply chain) agnosticity and applicability.

HOW

A self-service portal (cloud-based access point / portal with login credentials for each user/entity) is paired with an integrated document handling database to enable simple collaboration between various stakeholders to exchange, sign and validate documents. Digital documentation tools (OCR, uploaders, etc.) are used to digitize certificates and can integrate with signage solutions like Docusign to create a digital sign-off process.

When a document is uploaded to the platform, it receives a decentralized UID saved to our Ethereum and Hyperledger blockchain backend that includes a timestamped log of creation, author, access, signage trail and revisions, creating provenance and trust in data between multiple parties, using IPFS, creating an immutable verification trail of documents along queriable data (e.g. certificate number, date, creator, etc.), guaranteeing that it won't be changed or altered in any way - complete confidence in certificates for sensitive areas like food, pharma, etc.

BENEFITS

  • Identify non-compliant suppliers: proactive alerts before certificate expiration, API integration with authorities and ERP systems and digital footprints for each supplier. In sum, we save time in shipment execution and maintenance of suppliers.
  • Automated Certificate Management System: A self-service portal that automates certificate management, eliminating manual processes. It scans, validates, processes, and tracks documents seamlessly. Coupled with a document handling database, it enhances stakeholder collaboration for document exchange, signing, and validation. Document integrity is preserved, especially in sensitive sectors like food and pharmaceuticals. Each certificate is uniquely identified and recorded on our blockchain backend, ensuring trust and traceability. Advantages include pinpointing non-compliant suppliers, proactive alerts, API integration, and digital trails.
  • Supply Chain Solution: Leveraging a robust Distributed Ledger Technology (DLT) framework, it guarantees data integrity, security, and permanence. As e-bikes progress through the supply chain, real-time tracking and visibility are provided. Each transaction is documented on the ledger, forming an unchangeable audit trail. Key benefits include heightened transparency with real-time data access for all stakeholders and increased efficiency In summary, our system streamlines shipment execution and supplier management, while DLT bolsters transparency and reliability throughout the supply chain.
  • Economic and operational benefits: Automating collection and management of documents from 100+ suppliers and providing a self-serve supplier portal where they can securely upload and manage their documents. This replaces a largely manual process of scanning, processing, validating and tracking documentation.

Furthermore, automate inbound and outbound processes by enabling real-time tracking and data exchange between key stakeholders with digitized documents. Reduce supply chain operating costs such as delays, fines, SLA, rework and reverse logistics and allow for faster stock turn, accounts receivable turnover and reduced working capital requirements.

  • Social and public benefits: Trust in certificates and verifiable data for food (e.g. fair trade standards) and trackable sustainability within document trail. Countermeasure to fraud and plagiarism, thus contribution to UN Sustainable Development Goals.
  • Sustainability and Compliance: Via the DLT solutions described above, our solution aim to support the EU policies mid to long priorities (agendas 2030 and 2050). Specifically, but not limited, Furthermore, our Certificate Management System is designed and built so to be already aligned with and contributing to, not limited:
    1. The UN Agenda 2030 and the 3P dimensions (social, environmental and economical) of the SDGs (Sustainable Development Goals),
    2. The UN Transparency Protocol, the upcoming Recommendation 49 by UNECE – UN/CEFACT, supporting governments and industry on practical measures to counter greenwashing by implementing supply chain traceability and transparency at the scale needed to achieve meaningful impacts on global sustainability outcomes,
    3. The EU objectives set by the Green Deal, Fit for 55% Package, Sustainable and Smart Mobility Strategy, Digital Strategy,
    4. Both the UN and the UN initiatives on Digital Product Passport (DPP).

Above all, but not limited, the streamlining of the processes will translate itself into:

  • More efficient, effective, trustworthy processes (environmental and economical benefits)
  • Food, drugs, goods safety (social, environmental and economical benefits)

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PlanDail Ltd, Operating as Trrue Ltd

Trrue’s mission is to optimise fundraising for impact investment projects by reducing friction and ensuring regulatory compliance using a range of innovative features, primarily architected on blockchain technology. By providing innovative solutions that are faster, more secure, and more cost effective than traditional fundraising systems, Trrue is helping to unlock the potential of responsible impact investing for ESG-positive projects and investors.

Trrue is committed to the creation of Trrue Chain – the foundation of an expansive ecosystem built to maintain ethical standards and ensure rigorous regulatory compliance.

The Trrue Chain blockchain implements a governance protocol that ensures that all on-chain data is verified by a network of trusted and reputable players. This provides the benefits of distributed computing without sacrificing scalability of the system, as well as retaining traditional legal relationships for regulatory compliance. The node is built with Polkadot Substrate and Cumulus, enabling interoperability between blockchains so that, unlike other RWA protocols, the Trrue infrastructure can truly bridge traditional financial markets with the entire Web3 landscape.

Trrue is addressing the greenwashing problem, which appears rampant in the financial services sector, while making sure these EU/EEA under development and developed-and-scaling companies with impact solutions get the support they deserve. With a view to upcoming regulations, Trrue has taken a hybrid approach to building new, more sophisticated digital asset tools. We see a new era of digital assets to enable support to impact entrepreneurs.

Trrue is part of the Polkadot Alpha program, and the GFIN UK FCA Greenwashing Sandbox, in collaboration with UK FCA, Dubai FCA and Taiwan FCA.

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