RIDDLE&CODE and Deloitte Look to Work on the Blockchain Tokenization of Industrial Assets
Vienna based Riddle&Code, a provider of blockchain interface solutions and Deloitte an international audit and consulting company have announced an expansion of their partnership.
DLT And Machine Identity
This collaboration is based on their Combined vision on the significance of distributed ledger technology(DLT) and machine identity.
This will provide necessary hardware solutions and give comprehensive understanding and multidisciplinary capacity needed for the development of the industry grade infrastructures of the future.
Alexander Koppel, The CEO of Riddle&Code stated
“Industrial processes become more efficient, and new opportunities arise as machines gain a secure identity to become trusted data sources. The tokenization of industrial assets creates business opportunities for the issuance of a new class of digital financial instruments, using specialized FinTech modules operating on Distributed Ledger Technology. Deloitte ensures processes are in line with current regulation and anticipate their evolution. We build blockchain technology that is future-proof. Our partnership leads to solutions that are accepted by regulators so that any IoT project can benefit from a faster TTM”.
This partnership has already successfully educated clients on the economic relevance of distributed ledger technology as well as digital underwriting.
Dr. Dirk Siegel, a Partner at Deloitte stated:
“Together we have created some exciting projects, a recent one connects high-value products of a top global brand to the blockchain to prove providence and enable disruptive new use cases that can revolutionize customer relations.”
Deloitte and Riddle&Code have partnered on several projects globally, including countries like Austria, Germany, Ireland, USA, to name a few, constantly spreading the message of the benefits of blockchain based digital assets.
Deloitte's Consensus 2019 Demo
Deloitte’s demo at consensus 2019, in New York showed digital identities for goods can take advantage of energy harvesting to:
- Enhance product value
- Provide digital customer service
- Preserve identity
Anthony Day, the COO of Deloitte’s EMEA Blockchain Lab said:
“Digital twins and asset tokenization, underpinned by Blockchain infrastructure is already transforming what is forecast to be a trillion-dollar industry and it is important to prepare for these massive shifts. We’re excited to be sharing some of our projects with RIDDLE&CODE with the Blockchain community at Consensus in New York, and helping our clients gain a greater understanding of the importance and potential of digital twins in the rapidly changing digital economy”.