Opendata, web and dolomites

Ngrave SIGNED

The World’s Most Secure Cryptocurrency Safeguarding Solution

Total Cost €

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EC-Contrib. €

0

Partnership

0

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 Ngrave project word cloud

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

translates    traction    total    innovative    blockchain    sensitive    investment    positions    cryptocurrencies    alone    crypto    gaining    177b    exposes    quasi    communication    offers    investments    venture    storage    vastly    single    secure    game    solution    industry    financial    indestructible    safe    cold    attack    fetching    stands    broadly    hurdle    safeguarding    cryptographic    market    online    data    stolen    institutional    protect    inclusiveness    multiple    exposure    hardware    disruptive    changing    economy    right    world    lack    enormous    mile    proven    function    catalysts    never    catering    holding    capital    consists    statistically    mobile    device    accounts    assets    adoption    alternatives    consensus    surface    ngrave    offline    hackers    security    wallet    280    risk    weakness    2m    wallets    2017    mass    secret    staggering    stage    combined    efficiency    maliciously    cap    establishing    revealing    entering    6m    weaknesses    malicious    first    luring    insufficient    last    theft    leaves    underlying    leaders    cryptocurrency    2018    connection    day   

Project "Ngrave" data sheet

The following table provides information about the project.

Coordinator
NGRAVE.IO 

Organization address
address: KLOOSTERSTRAAT 94
city: ANTWERPEN
postcode: 2000
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 Belgium [BE]
 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 2019-10-01   to  2020-03-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    NGRAVE.IO BE (ANTWERPEN) coordinator 50˙000.00

Map

 Project objective

Blockchain technology is increasingly gaining traction. The total market cap of all cryptocurrencies combined stands at €177B and is considered to be still very early stage, with catalysts such as institutional or mass adoption having yet to occur. Also, venture capital is increasingly entering the market, with a 280% investment growth in 2018 compared to 2017 . The industry is facing one enormous hurdle for mass adoption: insufficient security. Every single day, over €6M are maliciously stolen from crypto wallets. In 2018 alone, theft accounts for a staggering €2.2M . Holding cryptocurrency positions today is far from safe and crypto investments are continuously at risk. Existing safeguarding alternatives have been proven to lack in security, revealing multiple weaknesses in their approach. The most crucial weakness is the online connection that they require. Establishing such a connection exposes the crypto wallet to a large attack surface, luring malicious hackers. This is where NGRAVE comes in. NGRAVE is the world’s first end-to-end and most secure solution to manage and protect cryptocurrency investments. It consists of i) a “hardware wallet” (to the right), ii) a quasi-indestructible “cold storage” solution, and iii) a mobile application (catering for fetching data from and for doing the last-mile communication with the blockchain; there is no risk as the sensitive data never leaves the hardware device). NGRAVE offers a game changing disruptive crypto safeguarding solution that can function fully offline, meaning that it never exposes the secret cryptographic key(s) that the hackers are after. This offline aspect translates into a statistically non-existing attack surface as there is no online exposure of the key, ever. European leaders have come to a consensus that the innovative technology underlying crypto-assets has the potential to vastly improve the efficiency and inclusiveness of the financial system and the economy, more broadly.

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

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