Vienna – (work wire) – RIDDLE & CODE is now a member of the Catena-X Automotive Network eV, an automobile association formed by leading industry players. Catena-X and RIDDLE & CODE aim to create a decentralized data ecosystem through coding, anti-tamper identities, and digital twins for machines, vehicles and their components.
Catena-X is dedicated to developing an open and scalable industrial ecosystem that provides a secure data and operations space for all stakeholders across the automotive industry. The idea is to create a network where manufacturers, suppliers, and all participants in the value chain can participate in creating a consistent means of sharing and standardizing data.
About Catena-X Automotive Network
The Catena-X ecosystem is made up of a 28-member consortium from the automotive, business and scientific communities. It is funded by the German Ministry of Economic Affairs and Climate Action. The auto industry launched a general assembly in 2021, which includes companies that actively want to shape the Catena-X ecosystem. RIDDLE & CODE became a member of the association.
Catena-X’s strategic goal is to implement a unified ecosystem across the automotive industry. This incentive was initiated by German companies in the automotive sector. It will then be adopted by the entire European auto industry and beyond.
While the Gaia-X infrastructure initiative aims to provide sovereign access to data across the shared services of various industries, Catena-X specifically caters to the automotive industry. Data monetization and token-based ecosystem implementation is an essential part of the project. This has been done to push these industrial sectors in the right direction of environmental, social and governance (ESG) objectives at various levels.
Reasons to join RIDDLE & CODE
RIDDLE & CODE will contribute to the Catena-X Network by bringing its expertise in blockchain frameworks. This has been demonstrated by projects such as European Blockchain Services Infrastructure PCP. RIDDLE & CODE, along with other partners, has introduced a truly European architecture called ZENBRIDGE. The project is supported by the European Commission.
Our ambition is to accelerate the move towards a transparent automotive ecosystem where data can be easily shared without facing obstacles from different private infrastructures. Since its inception, RIDDLE & CODE has dealt with these challenges.
“We are joining forces with the association and partners to add the Trusted Car Wallet and Distributed Ledger Technology (DLT) suite of programs to the upcoming Connected Vehicle Data Standards,” said Minh Cao, Director of Mobility and Vehicles at RIDDLE & CODE. “Our focus is on ensuring robust data directly from vehicles, providing trust and transparency to enable AI-led automation and covert computing.”
He continued, “The goal is to build a professional, standardized and standardized OEM toolchain in the automotive ACES space (automated, connected, electric and shared) that enables rapid prototyping of blockchain-enabled mobility solutions based on cryptographic technologies for data proof and integration: tokens and data markets. Decentralized, data-rich vehicle networks. The RIDDLE & CODE toolchain will reduce complexity and simplify experimentation so users can focus on building value-added business models while protecting manufacturers’ intellectual property (IP).”
Catena-X includes major market contributors such as BMW AG, Deutsche Telekom AG, Robert Bosch GmbH, Siemens AG, Mercedes-Benz AG and many more. Our membership will include sharing ideas and techniques to further enrich this initiative.
ABOUT RIDDLE & CODE
RIDDLE & CODE is a leading European company in the field of blockchain interface solutions. The company develops hardware and software stacks that combine smart card security, blockchain, and the Internet of Things (IoT). RIDDLE & CODE brings new business models to the fintech, energy, mobility and materials industries, along with its first-tier customers and partners, including Daimler Mobility, BMW, Wien Energie and the leading Dutch crypto exchange LiteBit.
more information: www.riddleandcode.com
About Catena-X Automotive Network
Catena-X sees itself as a rapidly scalable and interoperable ecosystem where all stakeholders in the automotive value chain can participate on an equal footing. Objective: To provide a space for the collaborative creation, operation, and use of comprehensive data chains along the entire automotive value chain. As of May 1, 2022, the Catena-X Automotive Network eV has 96 active members as providers and users of the automotive value chain and spanning a wide range of company sizes.
more information: www.catena-x.net
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