Ocean Protocol Joins Web3 Projects on €20M+ Gaia-X moveID Initiative

Ocean Protocol, the Web3 platform to unlock data services for AI and business innovation, has teamed up with Chainstep, Datarella, Fetch.ai, peaq and 51nodes “to develop the system architecture for European mobility with the preservation of data autonomy as its core principle, within the Gaia-X moveID project.”

Ocean Founder, Bruce Pon said:

“Ocean Protocol is proud to support the moveID initiative with the technology stack needed for building a digital identity infrastructure and an inclusive Data Economy”

Rising as an alternative to centralized platforms, Gaia-X is “a pan-European cross-sector initiative for a more open and democratic data infrastructure, bringing together more than 300 companies and organizations, including top industry names such as Bosch, Continental, and Airbus.”

The moveID consortium is “focused on driving innovative solutions for decentralized data sharing and generating real-world mobility use cases for blockchain technology.”

The consortium members “will work to deliver secure and verifiable digital IDs.” This is a crucial foundational feature “enabling all mobility participants — humans or machines — to identify each other, transact, and interact between themselves without mediation from centralized third parties.”

Peter Busch, Product Owner for Distributed Ledger Technologies (Mobility) at Bosch said:

“With moveID, we are setting the foundation for a hyper-connected mobility infrastructure by leveraging self-sovereign device identities and decentralized data sharing to enable hundreds of potential use cases. We are thrilled to be exploring this exciting prospect side by side with some of the leading projects in the decentralized space such as Fetch.ai Network, peaq, Ocean Protocol, Datarella, 51nodes, deltaDAO, and Chainstep.”

Through BigchainDB, Ocean Protocol will “contribute by providing key technical elements needed for building moveID’s infrastructure.”

Essential components of Ocean’s decentralized data marketplace technology, Compute-to-Data, and data pricing mechanisms are “being leveraged to build a system architecture that ensures a seamless exchange of information between providers and customers of mobility applications.”

deltaDAO will “support the effort by implementing the Ocean tech stack to the moveID infrastructure.”

The other participating Web3 protocols will also take on the following roles:

Chainstep, “one of the leading deep tech companies for enterprise implementation and connection of DLT, IoT, and Machine Learning, will develop connectors to build the link between the digital and physical world.”

The company is “developing a solution for connecting Edge IoT (V2X) devices securely to the Gaia-X cloud platform. Self-sovereign identities (SSI) work as the basis for decentralized integration security, allowing the removal of the single point of failure in relying on a centralized authorization provider.”

Datarella, a developer of industrial blockchain solutions, “will co-develop the infrastructure for decentralized digital identities and data sharing, leveraging SSI components, Autonomous Agents.” To ensure a future market acceptance of applications based on moveID, Datarella also contributes “its experience in Web3 mobility applications, such as MOBIX.”

Fetch.ai is “developing the infrastructure and tooling for creating Web2 and Web3 AI applications.”

Fetch-ai Network “has a Cosmos SDK-based self-sovereign blockchain ledger and the supporting tools for developing DApps on the network and also the modular Autonomous Economic Agents (AEAs) and the Digital Twin Platforms that can efficiently and securely communicate peer-to-peer and provide interconnectivity with multiple networks.”

peaq, the Web3 network powering the Economy of Things, will “conduct intense research and development within the project.”

peaq will “further build up its layer-one blockchain in line with the co-created requirements and standards, aiming to grant Gaia-X’s moveID the perfect infrastructure for decentralized mobility applications.” peaq will also “provide its core functions: peaq ID — Self-Sovereign Machine Identities (SSMIs), peaq access, and peaq pay.”

51nodes, a Web3 developing and integration company “brings to the project its experience with SSI architecture and implementation in the context of decentralized mobility infrastructure.” In addition to “developing and integrating various SSI technologies, the focus of work will be on SSI interoperability challenges.”

deltaDAO, “a web3 software development, integration and consulting company, will co-develop decentralized data infrastructure and federation services in the context of the broader Gaia-X ecosystem.”

deltaDAO contributes “its extensive knowledge regarding Gaia-X compliance, interoperability, and integration.”

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