Research Project
DCoT: Digital Chain of Trust
A research project enabling new paradigms for the traceability of transactions leveraging Blockchain technology.
Where: international
Where: international
Challenge
In complex business processes, ensuring accountability is crucial. An effective solution is the "chain of custody," a documented sequence of property transfers. In open business environments without a central authority, implementing this solution is challenging. The challenge lies in ensuring the reliability and traceability of transactions without a centralized ledger.
Approach
DCoT -"Digital Chain of Trust” is a decentralized system based on Blockchain technology that allows groups of fully autonomous business entities to collaboratively maintain a common log of events related to chain-of-custody processes. Such log is verifiable, tamper-resistant and highly-available, so that it is an enabler of trust between parties.
Digital Ecosystem
Solution
Digital Ecosystem
Through the DCoT solution, every chain-of-custody event within the Blockchain ledger is digitally signed, timestamped, and connected to the digital identities of both the entities engaged in the transaction and the transferred asset. While the information on the former is also maintained on the public ledger, data related to the latter may be confidential or subject to GDPR constraints: to address privacy and confidentiality concerns in the proper way, the DCoT system keeps asset-related data in a separate, cloud-based repository where it is protected through attribute-based encryption.
Financing Framework
Results
Higher reliability, higher security
Reduced costs
Impacts
Technologies
Cloud
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Security
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Blockchain
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Unchaining (the) business.
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