Finland Partners with Esentia.One to Build Blockchain Solutions for Logistics

The Finnish government has announced another collaborative effort with decentralized interoperability protocol Esentia.One to build Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term-based solutions for smart logistics. The effort is the second pilot program that the two entities have worked on together--the first, which began in April of 2018, was built to track production chains and reduce unemployment rates.

“The success of our first e-government blockchain project with MTK meant we built a level of mutual trust,” said Matteo Gianpietro Zago, co-founder of Esentia.One. “As passionate believers in the underlying value in blockchain, we knew that we could adapt the technology to solve many more issues in different governmental departments.”

We are proud to announce a new partnership with the Finnish Govt. to develop a second pilot.

This time, Essentia will focus on building blockchain-based solutions in the field of smart logistics! Learn more about exciting cooperation here: https://t.co/Kj7kQpFrk3 — Essentia (@Essentia_One) June 29, 2018

Esentia.One Will Work With Finland’s ‘Corridor as a Service’

This time around, Esentia.One is working with ‘Traffic Lab’, a government organization that securely logs information associated with end-to-end deliveries. The plan is to build a system in which the information, which would include delivery contents and contact information, is easily accessible by permitted parties.

“We envision the Esentia protocol completely revolutionizing the methods of data management,” said Zago. “The proven power, and benefits of Blockchain technology will give Finland's international logistics hub that extra competitive edge.”

The move also represents the latest in a series of initiatives by the Finnish government to position the country as one of the world’s leading logistics hubs.

The pilot will eventually be presented to several Finnish government organizations that have associations with the logistics industry: the Finnish Ministry of Transport and Communications, the Finnish Transport Safety Agency (Trafi), the Finnish Transport Agency, the Finnish Communications Regulatory Authority, the Finnish Customs, and other member organizations of Finland’s Corridor as a Service (CaaS) ecosystem.

Finland Ups its Blockchain Game

The Finnish government has explored several other blockchain initiatives. In September of 2017, the Finnish government announced a partnership with local Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term MONI to provide refugees with blockchain-based debit cards that would also record identity information.

“Our purpose has always been financial inclusion, and especially to help people in developing countries,” said MONI Ceo Antti Pennanen.