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UBITECH enters into TRICK Innovation Action on Product Data Traceability

Participating at the General Assembly of the EC co-funded TRICK H2020 project, UBITECH initiates its engagement in the action, officially started on May 1st, 2021. The project is funded by European Commission under Horizon 2020 Programme (Grant Agreement No. 958352) and spans on the period May 2021 – October 2024. The TRICK project aims to provide a complete, SME affordable and standardised platform to support the adoption of sustainable and circular approaches, enabling enterprises to collect product data and to access to the necessary services on a dedicated marketplace, open to third party solutions.

Secured traceability will rely on the data needed for the preferential certification of origin (PCO), used for duty calculation. The data extracted by the fiscal documents for the PCO will be integrated with the bill of materials, saved in the blockchain per each lot of production to grant traceability continuity, and with the additional ones to enable the six services provided by TRICK: traceability, circular assessment, product environmental footprint (PEF), health and social assessment, and anti-counterfeiting.

In this context, UBITECH will implement the main TRICK component for providing state-of-the-art security services including authentication, authorization and encryption/decryption functionalities coupled with appropriate key management mechanisms. Since the goal is to enable different levels of access and information granularity when customers and stakeholders are accessing the TRICK platform (and, thus, the blockchain network), these services need to work in tandem with the Trusted Blockchain Control Services.

Moreover, UBITECH will drive the design of a policy-compliant Blockchain infrastructure capable of meeting the necessary security and privacy requirements to all customers and stakeholders by providing secure, trusted and auditable data sharing environments with advanced on- and off-chain data and knowledge management services.

Finally, UBITECH will define of the business logic of the smart contract (types of smart contracts); essentially, the definition and implementation of the functions that need to be part of the smart contract for capturing all the business operation and security and privacy requirements present in such data sharing environments, and implement the appropriate mechanisms for the creation, deployment and secure execution of such smart contracts.