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INTERLACE

Interacting Decentralized Transactional and Ledger Architecture for Mutual Credit

Total Cost €

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EC-Contrib. €

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Partnership

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 INTERLACE project word cloud

Explore the words cloud of the INTERLACE project. It provides you a very rough idea of what is the project "INTERLACE" about.

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Project "INTERLACE" data sheet

The following table provides information about the project.

Coordinator
SARDEX SPA 

Organization address
address: VIA SERRA 44
city: SERRAMANNA
postcode: 9038
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Italy [IT]
 Project website https://interlaceproject.eu
 Total cost 99˙978 €
 EC max contribution 99˙978 € (100%)
 Programme 1. H2020-EU.1.2.1. (FET Open)
 Code Call H2020-FETOPEN-4-2016-2017
 Funding Scheme CSA
 Starting year 2017
 Duration (year-month-day) from 2017-05-01   to  2018-10-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    SARDEX SPA IT (SERRAMANNA) coordinator 23˙000.00
2    FACHOCHSCHULE SALZBURG GMBH AT (PUCH BEI HALLEIN) participant 46˙822.00
3    UNIVERSITAT PASSAU DE (PASSAU) participant 18˙800.00
4    THE UNIVERSITY OF HERTFORDSHIRE HIGHER EDUCATION CORPORATION UK (HATFIELD) participant 11˙356.00

Map

 Project objective

The objective of INTERLACE is to use the Abstract State Interaction Machines framework (CoreASIM) open source output of the FP7 FET project BIOMICS to develop a decentralized transactional and ledger architecture demonstrator for B2B mutual credit. INTERLACE will add to the work already started by its coordinator, Sardex s.r.l., to develop this architecture. SARDEX will use the Open Transaction protocol (OTX) as an intermediate solution between fully centralized and distributed architectures. OTX involves a pool of Auditor nodes to validate the transactions executed by each Notary node. In INTERLACE there will be only one central Notary, as a first step from the current centralized server towards a more distributed architecture. The persistence layer will be implemented as a private blockchain stored on the central server to create a sparse 160-bit address space implemented as a binary hash tree. This approach achieves continuity with the existing solution while also enabling scalability to multiple circuits (multiple Notaries) under the same mathematical and computational framework. SARDEX has been operating successfully an electronic, B2B, zero-interest mutual credit system on the island of Sardinia since 2009. The Sardex system (also known as Circuito di Credito Commerciale) enables local economic actors (SMEs in particular) to trade with each other in a trustful and circular fashion with a unique digital trade credit unit. It does this by monetizing the spare capacity of the local economy in the form of mutual, and taxable, credit between participating companies, at zero interest, on a strong basis of trust, solidarity, and local cultural identity. Therefore, INTERLACE will address very effectively the Workprogramme objective to generate socio-economic impact from EU-funded research. INTERLACE is uniquely positioned to integrate the very advanced results of BIOMICS directly in a deeply innovative, transformative, and successful fintech platform for B2B trade.

 Deliverables

List of deliverables.
Final Architecture Documents, reports 2019-05-15 17:08:20
Project Website Websites, patent fillings, videos etc. 2019-05-15 17:08:20
Iterative Architecture Refinement Documents, reports 2019-05-15 17:08:20
Requirements and Architecture Definition Documents, reports 2019-05-15 17:08:20
Final Demonstrator Implementation Demonstrators, pilots, prototypes 2019-05-15 17:08:20
First Demonstrator Implementation Demonstrators, pilots, prototypes 2019-05-15 17:08:20

Take a look to the deliverables list in detail:  detailed list of INTERLACE deliverables.

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The information about "INTERLACE" are provided by the European Opendata Portal: CORDIS opendata.

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