Current Innovation Service

Innovation Service Name

PROJECTS

Innovation Service Details

distributed drone registry
Aviation Industry IT and Telecoms Multinational

Applied Blockchain has been commissioned by SITA, the world’s leading specialist in air transport communications and information technology for the aviation industry with a turnover of $1.6 Billion and 4,500 employees, to develop the world’s first distributed drone registry. The private blockchain platform brings together drone operators, drone manufactures and regulators together with a single source of truth.
Flight path data captured by a drone during a flight can be uploaded onto the same shared ledger and represented visually on an interactive map. As this data is attached to a registered drone, aviation authorities can plot the flights of a specific drone, all drones of a given operator, or even all drones from a specific manufacturer, all on a single map and in real time. This access to data is a paradigm shift from legacy based systems, which inherently rely upon a single trusted party to maintain the data and provide the correct level of access to users.
 
blockchain based social bank
A Startup Bank Applying For A Banking License

Applied Blockchain is working with BABB, a financial institution that is applying to become a social bank, to build the core banking infrastructure and a full-stack banking application on a private blockchain using smart contracts. The solution stores customer data within smart contracts on the blockchain and connects customers and banking service providers on a shared network, where the permissions for who can access or use that data is entirely controlled directly by the customer.
BABB is a multi-sided platform built to provide banking and other financial services to individuals and small businesses. It is a unique opportunity to bring financial inclusion and social cohesion to the widest possible audience, connecting the Beneficiary and the Sender without resorting to unnecessary middlemen or middle-layers of technologies.
 
authorised signatory list
Cross-industry Blockchain Signatory Platform Startup

Applied Blockchain has been engaged by Cygnetise to build a blockchain platform for the permissioned sharing and management of authorised signatory lists, where data is stored within smart contracts directly onto the blockchain. This replaces the existing process of manually creating, updating and redistributing signatory lists, which results in a large administrative burden and risk of fraud due to data inconsistencies.
The platform removes the need for constant signatory list reconciliation with a distributed ledger, where signatories can be added or removed in real time and a scan of their signature can be uploaded and hash of this file is stored securely into a smart contract. Using Applied Blockchain’s Privacy Capsule, each user can dynamically determine which of the network members can access which specific aspects of the data, meaning that data is kept cryptographically secure, encrypted within smart contracts and can only be unlocked by another with the express permission of the entity that owns the data.

You

Name

Applied Blockchain

Company

Applied Blockchain

Company

Innovator Type

Producer

Sectors

Investment

Headquartered

London

Country

United Kingdom

About

Applied Blockchain develops private blockchain applications for their clients.

Founded

2015

Total Funded

Unknown

Website

http://appliedblockchain.com

Company Blog

https://www.facebook.com/appliedblockchain

Company Twitter

https://twitter.com/appblockchain

Applied Blockchain

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