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Synx BIOS

Synx BIOS: The revolutionary web-BIOS that fully enables the Internet of Things (IoT) through the Real Time Web

Total Cost €

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EC-Contrib. €

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Partnership

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 Synx BIOS project word cloud

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

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Project "Synx BIOS" data sheet

The following table provides information about the project.

Coordinator
NORNIR AS 

Organization address
address: JAKOB WEIDEMANNS GATE 9
city: STEINKJER
postcode: 7713
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 Norway [NO]
 Project website https://nornir.no
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2019
 Duration (year-month-day) from 2019-02-01   to  2019-06-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    NORNIR AS NO (STEINKJER) coordinator 50˙000.00

Map

 Project objective

The World Wide Web and associated technologies (e.g. cloud computing and blockchain) are the current standard for information sharing or financial transactions. However, they entail limitations that need addressing. These technologies are based on hyperlinks, communicating only in one direction, requiring complex middleware processes to keep connections alive. This technology is unfit for the ongoing Internet of Things revolution, which requires bidirectional data sharing and scalability, as it relies upon an enormous number of sensors generating gigantic volumes of data. They also require an operating system that needs to be installed at each end-point, so data needs to be copied (to not being lost), losing its uniqueness. Finally, the need to store data in databases that can be accessed by anyone with basic informatics knowledge compromises individuals privacy. Nornir is a Norwegian start-up created with the mission to overcome such limitations, thanks to the Real Time Web (RTW), a new decentralized network that allows bi-directional hyperlinks, is backward compatible with the web infrastructure and protects data across networks and domains. This is possible thank to Synx BIOS; a revolutionary distributed kernel enabling event-driven network and peer to peer communication without the need of middleware, while allowing scalability. As Synx BIOS does not store data, it remains unique and controlled by the user, allowing to trade data (through the Synx BIOS´ micropayment tool) generated from IoT systems, opening-up an entirely new way to generate revenue. With Synx BIOS we get access to a trillion blue ocean market, having already corporate early-adopters from diverse verticals (e.g. transportation, healthcare or vending machines), who can save €510,000 in development and maintenance costs during the first year. By end of 2023, we expect to have a cumulative revenues of €72M (ROI of 10.93) and increase 10 times our current employee count (currently at 12).

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

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