Project Description

Making user identity and data portable across platforms

Brasov, Romania
Established in 2019

euroledger.net

Teaser of the company

Euroledger is building a user activation tool for marketplaces, enhancing trust between their users by facilitating transfer of their reputational data from other platforms in a verified way.

Euroledger has developed the following blockchain-based prototype in the scope of BlockStart:

Capena – SaaS for marketplaces that allows their users to make their reputational data visible across platforms in a verified way

Capena

The user credentials, related to the users’ accounts on platforms B, C and D, are stored in the user’s wallet with identifiers and schemes sitting in the Verifiable Data Registry.  The credentials are transferred from the wallet to platform A on demand and upon permission from the user. Platform A verifies identifiers and schemas with the Registry. Digital Identity is using a custom build blockchain system – Aries technology (built on Hyperledger Indy).

The solution is pluggable to any software architecture – the plugin is a generic, light-touch component. From the regulatory perspective, the solution is GDPR compliant and adheres to the W3C standard (Verifiable Credentials Data Model).

Technical development during Prototype stage

The prototype was fully built and tested in a controlled environment during BlockStart.

Business development during Prototype stage

During BlockStart, the commercial product was developed, and the size of the market was estimated.  Four-year detailed financial model was built.  Business development was started and resulted in acquiring 5 prospective adopters from an initial pool of 65 potential customers.

Meet the Team

Mike Richardson
Mike RichardsonCTO and System Architect
Over 20 years of experience in software development and systems architecture. He has delivered large multidisciplinary IT projects for Credit Suisse, Barclays Capital, RBS, Deutsche Bank, Six Swiss Exchange, and also in the pharmaceutical and logistics automation sectors. Mike is a computer science graduate, a certified IBM Blockchain Foundation developer and a Linux Foundation Hyperledger SSI Blockchain architect
Geomina Richardson
Geomina RichardsonCEO and Business Analyst
An innovation consultant for more than 20 years, she has led interdisciplinary projects, ranging from academic research in macroeconomics to advisory programmes in public policy to managing and evaluating projects for the European Commission, the World Bank and research institutions in Romania. For the last two years, she’s also been carrying out business analysis for blockchain projects. Geomina holds a PhD in econometrics and is an MIT Emeritus Graduate
Omar DIB
Omar DIBBlockchain Independent Researcher
A researcher with 7 years of experience in computer science and applied mathematics. His research interest has been the study of the performance of blockchain-based solutions. Omar also focuses on conceiving privacy by design platforms whereby data are exploited in a secure, trusted and fully transparent manner. He is building tech stack based on the novel Self Sovereign Identity paradigm. Omar holds a PhD in Computer Science

For more information, download the company’s portfolio:

Euroledger’s journey with Blockstart was about building a prototype and a business model. Blockstart added value by checking for inconsistencies, typos and other irregularities in the reports and presentations, providing feedback of general nature and advising on specific Horizon 2020 rules and procedures.

Geomina Richardson, CEO and Business Analyst, EuroLedger Solutions

Total funding received under BlockStart: €16,000 (€1,000 for Ideation Kick-off and €15,000 for Prototype stage)