EBSI & BILLON
Cooperation was set to revolutionize cross-border public services in Europe and to bring fully digital, secure and scalable enterprise solutions into life.
The European Blockchain Services Infrastructure (EBSI) together with the EU Commission aims to deliver cross border public services, a foundation for an enterprise Web 3.0. Billon will conduct the pre-commercial procurement process. It is planned for two use cases: Intellectual Property Tokenization and Digital Product Passport.
A unique podcast-style discussion with our very own team members as we explore the transformative power of blockchain technology and the results of our collaboration with EBSI.
Today, tokenization, combined with the immutability and indisputable clarity of ownership
provided by blockchain, will transform multiple asset classes - such as our money and
our data - and change the way commerce itself will function in our lifetimes. Regulations
recognize the importance of digital identity at the heart of the ownership question, and
with identity, the need to protect the privacy of individuals while providing accessibility
where needed. Our economies also require protections from fraud, internal and external
data breaches, and secure business processes in an ever-digital world.
The problem, however, is that early blockchain technologies were not up for the task of
being eco-friendly and regulatory compliant. They could inspire, but were limited to little
more than writing a checksum to a hash, in some cases. We are well past those times.
Our vision is to build a public / private network on a more advanced architecture for the
management and provenance of both IP Rights and Products moving in the Circular
Economy. Such a network must put identity management principles at the heart of the
solution, and be fully regulatory compliant. As well, data exchanges require interoperability,
as our economies are complex with many systems.
HOW WE WILL CONTRIBUTE?
Security and privacy
Client-side encryption and keys management model secure data in such a way that only the intended recipients are able to decrypt and access it. On-chain architecture: Billon has a unique approach to processing and storing objects entirely in the blockchain structure, providing a supreme level of security and resiliency.
Security and privacy
Client-side encryption and keys management model secure data in such a way that only the intended recipients are able to decrypt and access it. On-chain architecture: Billon has a unique approach to processing and storing objects entirely in the blockchain structure, providing a supreme level of security and resiliency.
Interoperability
DLT platform delivers full interoperability with existing, legacy and emerging technologies with a clear framework and regulatory compliance to deliver trust. Use cases will be compatible with ISO standards like ISO/IEC 21000 in IP rights management.
Interoperability
DLT platform delivers full interoperability with existing, legacy and emerging technologies with a clear framework and regulatory compliance to deliver trust. Use cases will be compatible with ISO standards like ISO/IEC 21000 in IP rights management.
Scalability
Billon’s technology has been designed to be a massively scalable, fully distributed system, with transactions settled below 5 seconds and blockchain nodes operating on consumer devices (smartphones, home computers, etc.).
Scalability
Billon’s technology has been designed to be a massively scalable, fully distributed system, with transactions settled below 5 seconds and blockchain nodes operating on consumer devices (smartphones, home computers, etc.).
Sustainability
Billon uses proof-of-stake protocol and does not require mining, making the energy consumption negligible in order to fit in the EU climate objectives and the European Green Deal.
Sustainability
Billon uses proof-of-stake protocol and does not require mining, making the energy consumption negligible in order to fit in the EU climate objectives and the European Green Deal.
UNIQUE PLATFORM CAPABILITIES
The underlying capabilities of any public platform must be: (a) scalability, (b) being low-cost and eco-friendly, and (c) fitting the needs of the European Union.
Several features of the Billon Unified Blockchain stand out, but perhaps the most important feature is the multi-issuer model. As a public platform, it gives Member States and various institutions the ability to assess and register IP Rights and Products to the blockchain directly, rather than resort to establishing a central authority.
1st Use Case: Digital Product Passport
Digital Product Passport to support the Circular Economy
Billon Unified Blockchain System’s document management capabilities can be used to manage the complexity of tracing the life-cycle of material goods from raw materials extraction through goods creation, logistics and storage, and finally to trace usage and recycling disposal. While it can be applied to any product, we will focus on two specific cases first: plastic waste and car batteries.
Read more
2nd Use Case: IP Rights Management
Cross-border Intellectual Property Rights Management, Accountability &
Trading Platform.
When completed, owners, contributors and authors of IP can establish verified identities and trace the use of their content in digital media across the European Union. Digital national currency tokens - a unique feature - will allow for payment interoperability and ownership changes in later stages of the content life cycle.
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Performance Results
The testing environment was meticulously crafted to mirror today's European network, with 20 servers assigned to different countries, totaling approximately 5000 nodes. This setup effectively replicates the real-world delays within European data connections across these servers.
We then pushed the system to its limits, focusing on:
Throughput
We measured transaction per second, indicating how many DPPs can be published on our blockchain in one second. The results were astonishing, showcasing the remarkable efficiency and scalability of our solution.
Energy Efficiency
We also assessed the energy consumption of publications, both per second and per hour. The findings underscored our dedication to sustainability and efficiency, with our publications being remarkably energy-efficient.
