Austrian blockchain firm RIDDLE&CODE and mining technology developer S1Seven are combining their solutions for better traceability and certification practices in the metals industry. Under the deal, RIDDLE&CODE’s blockchain offering will be integrated with S1Seven’s ‘Steel But Smart’ product.
Vienna-based RIDDLE&CODE is using blockchain to help enterprises in numerous areas, including machine identity, product provenance, online fraud, renewable energy and supply chains. Partners include Daimler and Wien Energie. The company has developed a hardware and software stack that combines the security of smart cards with blockchain and the Internet of Things (IoT).
The partnership with S1Seven will explore a blockchain-based notarization service for metal certificates. This would provide a product with a digital, tamper-proof identity and trace its journey in the supply chain. The goal is to eliminate the use of paper documents that are susceptible to fraud and loss.
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