Blocknetwork SIGNED

Project "Blocknetwork" data sheet

The following table provides information about the project.

 Partnership

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 Project objective

Data science is a driving force in today's information age. As per IDC, global revenues for Big Data and business analytics will grow from $bn 151 in 2017 to more than $bn 210 in 2020, a CAGR of 11.9%. The constant discovery of vulnerabilities in ICT components, applications, services and systems is placing the entire digital society at risk. As private and public stakeholders are becoming increasingly dependent on critical cyber-infrastructure, new solutions are needed to increase detection and response capabilities. Collecting, transferring, processing, analyzing and eventually fusing Big Data remains a complex R&D topic for even the most advanced organization. Those that can surpass the challenges and extract business value will gain significant competitive advantages. Distributed data fusion based on DataUniTor’s Blocknetwork scheme enables a highly secure but still “lightweight” solution capable of handling flowing petabytes (10^15) of data. Blocknetwork is DataUniTor’s unique implementation of blockchain schemes. DataUniTor believes that a self-organized cryptographic Blocknetwork with an evolutionary extension model is the next logical step for blockchain to track complex transactions. The Blocknetwork fuses data sources while also offering additional security features - handling larger volumes, taking fewer instructions and providing a simpler and faster response. The proprietary solution can integrate modules independently of the product provider, allowing for highly flexible structures. Based on technology demonstrations, we assess to be at TRL 6. The overriding objective of the Feasibility Study is to map out the full development and commercialization of the Blocknetwork scheme. We will analyse the technical and economic feasibility of achieving a fast market uptake to exploit a near-term € 133 mill. business opportunity (revenue 2019E-2022E) based on targeting sophisticated medium to large private and public enterprises (B2B).