- November 7, 2019
- Posted by: Antreas Fanides
The Eighth EU-founded Project that Goldman is Participating as a partner in is the «Traceability Reference Architecture Conformant EBSI for European Union». The consortium consists beyond our company, 50 more companies from 15 EU Countries!
The Project started on the 1st of June 2023 and will end on the 31st of August 2025. The total budget for the Project is €7,000,000.
Traceability Reference Architecture Conformant EBSI for the European Union (TRACE4EU). The project, which is funded by the European Union aims to build a common technical ground for the traceability of documents and physical goods using the European Blockchain Services Infrastructure (EBSI). Within this project, Goldman will work on the work package on Products & Materials Traceability that deals with, Halloumi. The Products & Materials Traceability addresses the tracking requirements of physical products. This process includes the physical (pre-) products and materials that will be shipped and further processed in factories or manufacturing plants as well as the arrival of products to consumers. TRACE4EU is led by Slovenia with the participation of more than 50 organizations and companies from 15 EU countries with the aim to design and implement holistic solutions for trustworthy products and data traceability. The general objective of this project is to create an “umbrella architecture” based on existing EBSI services. The architecture builds the basis for the implementation of traceability application scenarios.
TRACE4EU promotes recommendations for developing the EBSI ecosystem through engagement with pan-European stakeholders and has the potential to significantly influence traditional industries, assisting them in becoming more efficient, productive, competitive, and resilient. Upcoming traceability implementations will also improve transparency in the European area for citizens, who will be able to track commodities and documents more effectively and proactively.
Our objectives for work package 4 are:
- Testing interoperability by applying the EBSI-umbrella architecture in various EU use cases
- Demonstrating the technological interoperability of the developed umbrella architecture between the Product & Materials Traceability pillar and the Document/Data Traceability pillar
- Incentives for European public authorities, research institutions, universities, and private sector actors to use EBSI
- Showcase best practices definition for the transfer of the EBSI-based umbrella architecture to other EU countries
- Defining the cooperation methods with other use case-related and EBSI-related projects, may it be past or future projects