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Opendata, web and dolomites

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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Outcomes and
results

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.

monetizing protocol economic auditor binary tree circuits generate notaries otx di capacity create demonstrator blockchain scalability successfully computational distributed taxable fp7 smes sardex deeply bit form layer executed zero machines validate actors trust notary mutual decentralized spare b2b trustful started sardinia continuity circular architecture coreasim space 2009 transaction pool local solidarity abstract platform mathematical nodes 160 multiple server biomics sparse central circuito fintech cultural transactions intermediate socio source electronic uniquely trade hash participating interlace transformative achieves credito successful ledger commerciale basis node solution centralized companies identity positioned workprogramme credit add stored framework architectures island output economy interaction digital fet integrate fashion transactional innovative persistence private first

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 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.	IT (SERRAMANNA)	coordinator	23˙000.00
2	FACHOCHSCHULE SALZBURG GMBH FACHOCHSCHULE SALZBURG GMBH Organization address address: URSTEIN SUED 1 city: PUCH BEI HALLEIN postcode: 5412 website: www.fh-salzburg.ac.at contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	AT (PUCH BEI HALLEIN)	participant	46˙822.00
3	UNIVERSITAT PASSAU UNIVERSITAT PASSAU Organization address address: INNSTRASSE 41 city: PASSAU postcode: 94032 website: http://www.uni-passau.de contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	DE (PASSAU)	participant	18˙800.00
4	THE UNIVERSITY OF HERTFORDSHIRE HIGHER EDUCATION CORPORATION THE UNIVERSITY OF HERTFORDSHIRE HIGHER EDUCATION CORPORATION Organization address address: COLLEGE LANE city: HATFIELD postcode: AL10 9AB website: www.herts.ac.uk contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	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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