New Partnership of RIDDLE&CODE and S1Seven to Revolutionise the Metal Industry
RIDDLE&CODE and S1Seven joined to address traceability within the complex and fragmented metal industry. Every year, only in Europe 500 steel production sites and 500.000 metal processing companies exchange around 100 million paper certificates to meet regulatory requirements for material quality documentation. While more and more machines are becoming connected to the Internet, these documents remain paper-based and non-machine readable, which has caused an increase in opportunities for fraud and negligence.
To mitigate these inefficiencies, RIDDLE&CODE and S1Seven are building a blockchain-based notarisation service for metal certificates that provide a product with a digital, tamper-proof identity and trace each step of its journey: from raw material to final application. The service allows manufacturers to replace hard copy documents with immutably stored digital records.
“S1Seven is a technology pioneer awarded for its innovation within the metal industry,” said Stefan Gruell, S1Seven’s CEO. “Partnering with RIDDLE&CODE is exactly what we need to generate industry-leading technology products.”
“RIDDLE&CODE took its experience of working within the highly-regulated Swiss banking industry and developing solutions with partners such as Daimler, Wien Energie, Deloitte, and applied it to drive digitisation to the metal industry,” said Alexander Koppel, RIDDLE&CODE’s CEO. “Our expertise in blockchain-powered hardware, software and digital identities allow us to create an incorruptible connection between the metal industry products and their quality data.”
By leveraging on each other’s strengths and capabilities, RIDDLE&CODE and S1Seven are taking the metal industry into the new era that will enable manufacturers to become more efficient and competitive on their road to Industry 4.0.
Please download related images to use in your articles from www.riddleandcode.com/press-blockchainservice .
RIDDLE&CODE is the leading European Blockchain interface company that builds hardware and software stacks and brings trusted identity to objects and people in the financial markets, energy distribution, mobility and the Internet of Things.
More information: www.riddleandcode.com
S1Seven empowers the future of smart manufacturing by providing a digitally integrated and trustless chain of steel quality data. S1Seven was awarded with the Austrian Blockchain Award for the accomplishments regarding blockchain-based digitisation in the metal industry. More information: www.steelbutsmart.com
About Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
NY-IFF10.8.2020 22:07:07 CEST | Press release
IFF Reports Second Quarter 2020 Results; Increases Quarterly Dividend
MA-CYBERARK10.8.2020 17:11:09 CEST | Press release
CyberArk Named a Leader in Gartner 2020 Magic Quadrant for Privileged Access Management
SILICON-MITUS10.8.2020 16:02:06 CEST | Press release
Silicon Mitus Starts Mass-Producing Automotive OLED PMIC
PRUMO10.8.2020 15:02:04 CEST | Press release
Prumo, bp and Siemens Enter Into Partnership With SPIC on Energy Projects in Brazil
GENUS-POWER10.8.2020 14:32:13 CEST | Press release
Genus Power Makes History, Supplies 1.5 Million Smart Meters to EESL
VECIMA-NETWORKS10.8.2020 14:02:12 CEST | Press release
Vecima Networks Completes Purchase of DOCSIS Distributed Access Architecture and EPON/DPoE Portfolios From Nokia
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom