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.

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.

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.

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.

DoxyChain Blockchain
Blockchain created by DoxyChain is a global phenomenon, as from the very beginning it was designed with the focus on documents and business processes where widely understood documents/contracts play the key role. Our blockchain understands the law that governs documents which is extremely important for large corporations that are looking for tools to optimize the costs of business processes management - in particular, on the regulated markets and in customer relations (B2C), where the legislator specifies how to secure the process and the customer as a party with a weaker position.

We observe a rapidly increasing enterprise interest in blockchain-based solutions. However, there is still no universal standard or a ready solution that will allow for quick, law-compliant implementation - until now it is usually done on general-purpose blockchains, where the entire project is built from scratch by the team consisting of lawyers and developers who first need to understand what blockchain is themselves and only then tailor the solution. Often this causes serious mistakes resulting from insufficient knowledge of the domain. The result is that the development costs are very high, the process takes a long time, and the result is not really durable - sometimes it's better to rebuild something than try to fix mistakes.

Taking the above into account, DoxyChain aspires to offer a modular blockchain infrastructure that speeds up the implementation process thanks to the following:
● DSL - Domain-Specific Language;
● DoxyChain VM - a virtual machine that runs compiled DS code;
● Law compliance - our solution has passed legal audits.

DoxyChain Smart contracts

When we first encounter the slogan ‘Smart Contract’, we have self-executing contracts, documents that live their own life - truly smart contracts. However, when searching for ‘Smart Contract’ on the Internet, we meet the definition that a smart contract is any piece of code saved and run on a blockchain. According to this definition, a smart contract is a code that supports cryptocurrencies, NFT tokens, cryptocurrency exchanges, or KryptoKitties.

DoxyChain smart contracts are a redefinition of the SmartContract expression. DoxyChain Smart Contracts are truly living documents - in line with our first expectation of a ‘Smart Contract’ term. They support not only binding agreements creation but also serve as transaction (or whole workflow) enablers.

Tendermint open-source protocol & PoA

DoxyChain is a decentralized solution with microservice architecture backed by its tailored blockchain. DoxyChain blockchain is based on Tendermint and other open-source protocols.

Open-source approach security, more and more projects (including blockchain ones) are built openly. Openness is what creates security and reliability. One of the core values of building anything as open-source is gaining efficiency. Creating a community of developers with different perspectives and skillsets, all working on the same code base, can exponentially increase the number and complexity of applications built. DoxyChain is building a community around DoxyChain, which will itself create, using the tools provided by us, subsequent smart contracts and be able to sell them on the marketplace we have created. To meet the expectations of the community, we will open the forum together with the Issue Tracker, so that everyone can share the ideas, suggestions or simply ask our specialists how to implement the given functionalities. In addition, we will also offer a number
of tutorials, supporting our community in their early experience with the platform or suggesting interesting solutions offered by DoxyChain. Tendermint, BFT (Byzantine Fault Tolerance) algorithm, solves the interoperability and scalability issues and allows DoxyChain blockchain for compatibility and connectivity. It would let us connect with other blockchains through Cosmos - the “Internet of blockchains” and be the most transparent and secure blockchain not only within the business governance vertical.

DoxyChain blockchain uses Proof of Authority consensus, which is executed by all the allied institutions (including users) which means DoxyChain is literally co-created by its customers. The Proof of Authority model relies on a limited number of block validators and this is what makes it a highly scalable system. Blocks and transactions are verified by pre-approved participants, who act as moderators of the system.

As of now, DoxyChain is a permissioned blockchain, however, ultimately it aims at becoming an open one backed by Proof of Authority consensus, giving DoxyChain architecture to be transparent and verifiable but still compliant and cost-efficient

VERAG Spedition AG, in consortium with Atez Yazılım Teknolojileri A.Ş, has developed an innovative blockchain-based solution to streamline and digitize the export process. The project, titled "End-to-End Design of the Export Process with Blockchain Technology," aims to reduce repetitive data sharing, minimize paper-based procedures, increase cooperation between stakeholders, prevent document forgery, accelerate processes through smart contracts, and strengthen data security and traceability.

The solution utilizes a hybrid approach with a custom DLT implementation. This allows permissioned enterprise participants to develop applications with smart contracts for eligible users while complying with regulatory and KYC requirements. Encryption technologies ensure data security and traceability, maintaining confidentiality and integrity. Integration tools and APIs enable seamless communication and interoperability with existingnetworks, facilitating trusted data exchange and interoperability.

The proof of concept has demonstrated impressive results, achieving a 40% reduction in work steps, enabling paperless transactions, and eliminating the need for intermediaries in certain processes. The project has received prestigious recognition from the European Bank for Reconstruction and Development (EBRD), being awarded the "Boldest Digital Project Award" at the EBRD Annual Meeting in Samarkand.

Key benefits and impacts of the solution include:

• Enhancing supply chain transparency and efficiency through goods tracking, document 
  verification, and process automation
• Enabling secure, tamper-proof data exchange among stakeholders, reducing fraud risk
• Tokenizing trade documents to streamline handling
• Optimizing processes, reducing export process steps
• Validating the feasibility of paperless transactions, reducing environmental impact

The project aligns with several EU policy priorities:

• European Green Deal: Supporting paperless trade and climate neutrality. The consortium is 
  developing a carbon emissions tracking module for trade operations to encourage ecofriendly practices and reduce greenhouse gas emissions. They are also working on integrating the EU's Carbon Border Adjustment Mechanism (CBAM) into their DLT solutions to enhance transparency and efficiency in cross-border carbon accounting, streamlining compliance, reducing administrative burdens, and supporting sustainable trade.
• Europe Fit for the Digital Age: Showcasing digital innovation in transforming trade through process digitization and smart contracts
• Stronger Europe in the World: Improving the competitiveness of European exporters through efficient, transparent, and sustainable trade practices

The product we developed and deployed in several cities in The Netherlands is that or "Purpose Bound Money" of "earmarked money". Money the end-user can only spend on certain well defined purposes. The "issuer" of the money defines WHO gets how MUCH, to send WHERE on WHAT and until WHEN and only has to pay (to the whitelisted retailers) what was really used by the end-user. We help government, corporations and organizations to distribute subsidies, grants and budgets in a very secure and efficient way. Lowering administrative burden, decreasing fraud and misuse while stimulating the local economy (and in an eco-friendly way).

This kind of "money" (or e-vouchers) is very powerfull and has a VERY broad spectrum of use-cases; from social inclusion to sustainability, from debt relief to tourism, etc.etc. I will gladly show you some of our use-case we already deployed in: the municipality of Emmen, the city of Groningen, the municipality of Heerlen, the region Parkstad in Limburg (all in The Netherlands).
For example: in Emmen we deployed 50.000 wallets in a project called EnergieKnip (EnergyWallet) where citizens would get 50€ of value in return for some questionarres. With this tokens they could go to the hardwarestores in Emmen and purchase ONLY energie saving products. The retailers would send the tokens back to the muinicipality and recieve Euro's in their bankaccount the next day.
This provided a win-win-win-win-situation for: the municipality, the citizens, the retailers and the environment.

Here is a link to a video made by the Dutch Blockchain Coalition about

EnergieKnip: https://youtu.be/NTtnH0mPVlk

we developed EnergieKnip into MultiKnip, a wallet that can hold many different kinds of purpose bound tokens which was used in the city of Groningen to stimulate SME's make their offices more energy efficient. We are also talking to Groningen about using it in Horizon2020 program Foodtrails (a project to stimulate citizens to eat healthier food).  Citizens (mostly low income groups) would receive recipe-cards with a QR-code on it that would give them a credit in MultiKnip with which they could go buy the ingredients needed at the local week market. The city of Groningen would pay the retailers in Euro's.

You can find more information on our website: https://pbtokn.com/ (our pitchdeck is on the bottom of our homepage)

also read how purpose bound money can help achieve SDG's here : https://pbtokn.com/files/SDGs.pdf

The proposed use case is to utilize Distributed Ledger Technologies (DLT) in the finance industry sector in order to tokenize company equity as digital assets. Individuals or entities across geographical regions can become equity shareholders of an EEA-based company through a blockchain token and have the same legal rights as "shareholders" or "co-owners" in public and private EEA-based companies.

In this specific proof of concept, a token called Hacken Equity Share has been issued on Ethereum Mainnet – a public, permissionless blockchain network. Hacken – an EEA-based private company – has deployed 100 Hacken Equity Share tokens (through SPV in Spain), which are set to correspond to 10% of the company’s equity. Hacken Equity Share tokens can be purchased exclusively through a cryptocurrency token called HAI. This mechanism ensures that the company’s existing community (individuals and entities who own Hacken’s cryptocurrency token) can become legal shareholders or co-owners of the company. The primary requirements are passing KYC and being whitelisted, which means being approved by Hacken

Hence, this tokenization approach offers a direct pathway for community members to acquire a stake in the company (participation right), leveraging DLT for equity management, potentially entitling them to voting rights and dividends. The equity tokenization use case, thereby, elevates ownership status from HAI token holders with no legal rights to legal shareholders or co-owners of the company through HES. If Hacken is publicly listed, the owners of Hacken Equity Share will become legal shareholders of the public company.

This approach, which departs from typical tokenization strategies, involves HAI, a cryptocurrency subject to market volatility. Consequently, estimating the final Hacken Equity Share price in fiat currency like the euro poses challenges due to its inherent fluctuations. However, this approach brings notable advantages. For instance, it significantly simplifies the entry for existing HAI token holders.

While the integration of digital identity verification systems and the issuance of digital product passports hold immense promise for enhancing trust and transparency in international business, they also come with their own set of challenges. One significant hurdle is the need for widespread adoption and standardization of these technologies across different jurisdictions and industries. Achieving interoperability between various digital identity verification systems and ensuring compatibility with existing infrastructure can be a complex and time-consuming process. Additionally, concerns regarding data privacy, security, and the potential for misuse of digital identities underscore the importance of robust regulatory frameworks and cybersecurity measures. Furthermore, overcoming resistance to change and cultural barriers to adopting new technologies may pose additional challenges in implementing these solutions on a global scale. Addressing these challenges will require collaboration between governments, businesses, and technology providers to develop comprehensive strategies that prioritize security, privacy, and usability while fostering innovation and economic growth.

The Opportunity: Verifiable Credentials as proof of existence.

Web3 allows the seamless issuance, presentation, and verification of business verification credentials. This helps international business actors easily get proof for registration of private sector organisations, allowing market actors to easily verify business registry information across-borders without having to contact national authorities. In the rapidly evolving landscape of international business, the integration of digital identity verification systems and the issuance of digital product passports present a wealth of opportunities for companies to enhance efficiency, transparency, and trust.

A Web3 issuance, presentation and verification infrastructure for business registry company verification credentials brings together three main technologies:

• Digital Wallets: used by companies to receive, store, and send credentials on the move.
• Verifiable Credentials: for formatting, presenting, and exchanging credential data in a machine-friendly way.
• Blockchain: for delivering a highly secure, resilient, and decentralized way of verifying credential information.

The Project: Exploring the interrelation of digital wallets, national business registries and legal entity verification.

In this pilot, digital identity experts from 12 EU member states collaborate to explore the potential synergies between digital wallets, national business registries, and legal entity verification systems. The overarching goal is to develop a comprehensive understanding of how these technologies can be integrated to enhance the efficiency, security, and trustworthiness of business transactions.

As legal entities navigate the complexities of global commerce, embracing these innovative technologies opens the door to a myriad of benefits and strategic advantages:

• Streamlining Business Operations: By digitizing the process of verifying identities and tracking product information, companies can eliminate the need for manual paperwork and cumbersome verification procedures.
• Enhancing Supply Chain Transparency: Legal entities are able to identify their business partners.
• Facilitating Regulatory Compliance: In today's highly regulated global marketplace, compliance with various legal and regulatory requirements is essential for business success.

Use Case: "Universal Trust Registries":

Our consortium intends to develop a ledger-agnostic approach for managing "trust chains" and sequentially organised, traversable lists of "verifiable accreditations" on DLT infrastructure. Importantly, we intend to align this approach with (1) eIDAS 2.0; and, (2) the W3C DID Core Recommendation.

At present, trust chains using X.509 certificates create a bottleneck for digital identity ecosystems. This is because of the sheer number of organisations that will be required to register on these lists under eIDAS and the lack of context-specific X.509 registries. Our solution proposes DLT-anchored trust chains using Decentralized Identifiers (DIDs) and DID-Linked Resources (DLRs) to establish context-specific lists of “verifiable accreditations” that are sequentially ordered, individually resolvable and are cryptographically tied to X.509 certificates. These DLT-based trust registries will extend the scalability and efficiency of establishing and retrieving trust chains.