Essentia.One Pilots Blockchain Logistics Hub with Finland Government
Essentia.One and the Finland Government have entered into a partnership for the former to develop a second pilot focused on building blockchain based solutions in the field of smart logistics.
Essentia.One – the decentralized interoperability protocol, is teaming up with the governmental association ‘Traffic Lab' to ensure information regarding end-to-end deliveries – such as delivery contents and contact information – are securely and safely accessible to authorized stakeholders.
Explaining the move, Essentia co-founder Matteo Gianpietro Zago confirmed that the partnership is a progression from their first pilot which began development back in April of this year to tackle unemployment rates and to track production chains.
The company said the success of its first e-government blockchain project with MTK meant that it had built a level of mutual trust, and as passionate believers in the underlying value in blockchain, it knew that it could adapt the technology to solve many more issues in different governmental departments.
Finland has now begun ventures to secure its place as one of the leading logistics hubs in the world. Industry representatives are seeking forward thinking solutions to combat the issues facing the ever-expanding administration and data management in logistics and transportation.
Matteo explained further that Essentia.One expects the Essentia protocol to completely revolutionize the methods of data management. It also believes that the proven power, and benefits of Blockchain technology will give Finland's international logistics hub that extra competitive edge.
The pilot is set to be presented to Finland's Ministry of Transport and Communications, Finnish Transport Safety Agency Trafi, the Finnish Transport Agency, the Finnish customs, the Finnish Communications Regulatory Authority and other members of the new Corridor as a Service (CaaS) ecosystem.