During the last week of January, OCTA, as a partner on the project, together with CAM Engineering presented our blockchain solution at the BLOCK.IS Open Call #1 event in Istanbul. We are hereby excited to share that our solution was selected among the 45 innovators for the Innovative phase of the program!
Now, let’s back up a little and explain what is BLOCK.IS?
Block.IS is an accelerator funded by the European Union’s Horizon 2020 research and innovation program. It supports SMEs and start-ups from the ICT sector all the way from the conception phase to commercialization. BLOCK.IS offers tailored business and tech support as well as direct funding so that the innovators can build high-tech venture-backable enterprises. But that’s not all, BLOCK.IS will offer 2.8M EUR of total equity-free funding through 2 Open Calls.
At the Innovators Assembly in Istanbul, OCTA CEO, Stefan Dejanovic, along with the fellow Innovate Stage beneficiaries presented our blockchain and IoT based solution, SeedOrganic. Stefan talked about the concept behind the solution, disruption potential, applicability and technology at the core of it all.
How does SeedOrganic work?
The idea behind this solution is to create a reliable and unchangeable register of fields involved in the organic production of foods by using blockchain technologies. Having in mind that blockchain preserves the history of data, which cannot be changed, those data could be used for certification of organic production. A blockchain register is formed by using field sensors that could track soil and crop management but also relies on other related data imported by a farmer directly. This database/register could be used for verification of fields specialized in organic production.
Why is OCTA a perfect fit for BLOCK.IS?
As you may already know, blockchain has been OCTA’s ‘’bread and butter’’ from the beginning of our journey as a team. Meanwhile, BLOCK.IS is looking for promising and innovative blockchain-based solutions in the AGRIFOOD, FINANCE AND LOGISTICS sectors. Staying true to our roots, OCTA offered an innovative solution integrating blockchain with IoT, to take organic food production to the next level.
We are very much looking forward to continuing the development of our solution and hopefully advancing to the next phases of BLOCK.IS!
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