H2020 PROJECT
About
TRICK will provide affordable and standardised enabler to move SMEs closer to circular economy. The project supports the adoption, tracing and demonstration of sustainable approaches by means of an innovative and circular product information management system, based on a data collection platform secured by Blockchain and integrated with an open marketplace for the matched services.
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Goals
The overarching goal of the project is to enable SMEs to collect secured product data able to provide the final consumers and the stakeholders with all the relevant information for aware purchasing choices
READ MORECircular economy roadmap
based on stakeholders’ requirements
Standardised commercial services
for traceability and transparency
Data collection
with a Blockchain-based architecture
Open marketplace
with add-ons for certified solutions
Demonstration & Replication
for industry-wide adoption of TRICK solutions
BLOCKCHAIN BASED
Technology
Blockchain based solutions
for secured traceability and data collection
Artificial intelligence
exploited for BC modules and anticounterfeiting
Interoperability solutions
for data silos generated by different BC and different IT systems
Platform to collect data
from legacy systems to IoT devices
TRICK PROJECT
Consortium
Involved in the project
8 from EU + 3 extra EU
& Research Centers
Public Bodies and Associations
and Services
in Textile and Food
Technology and
Environmental Impact
The modern industry is facing a transition into the digital space and innovators are often challenged by the trade-off between technological advancement and the preservation of the planet’s resources.
Sustainability is a central point of the UN agenda and the EU policies highlight the need for smarter solutions to achieve the sustainable development goals. Blockchain is still frequently perceived and used as synonymous with Bitcoin rather than a broad group of distributed technologies. Bitcoin’s high energy consumption is almost exclusively inherent to its consensus mechanism, and does not apply to most other blockchain architecture designs. There are already many other consensus mechanisms that have already been developed and keep on evolving. For example, Ethereum uses Proof-of-Stake and its transition from PoW to PoS reduced the total network’s energy consumption by at least 99.95%.
TRICK partners Quadrans Foundation and
UBITECH provide complementary solutions to
tackle the environmental impact of blockchain
technology.
“The Quadrans Foundation is actively engaged
in mitigating the ecological effects of technological
advancements...”
Pietro Guerrera
Member at Quadrans Foundation
“At TRICK, our goal is to use blockchain technology to create a
distributed network that enhances traceability and
transparency...”
Thomas Krousarlis
Senior Researcher at UBITECH
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