Dresden, Germany, June 16, 2021 – Evan GmbH, a subsidiary of Blockchains, Inc., announced that it has begun the implementation phase of its ID-Ideal Consortium project in the Secure Digital Identities Innovation Competition. Implementation is the second part of the multi-month, two-phase competition sponsored by the Federal Ministry of Economic Affairs and Energy (BMWi). After being named a winner during the first phase of the competition in November 2020, the ID-Ideal Consortium project was awarded approximately 15 million euros in funding, to be paid out over the next three years.
The mission of the ID-Ideal Consortium is to create a blockchain-based trust network where digital data can be securely exchanged between companies, citizens, and the administration. The consortium currently consists of 40 partners including evan, which also provides evan.network, the infrastructure where consortium partners can engage securely.
“We are honored to have been chosen and to be awarded this funding from the BMWi. It will enable us to drive innovation on secure digital identities together with the partners of the ID-Ideal Consortium and to illustrate the importance and value of these on real use cases,” says Thomas Müller, CEO of evan GmbH. “Within the consortium, we focus on building a digital infrastructure with which companies can securely and autonomously make physical resources digitally available and integrate them into multi-party processes. We believe that the true success of Industry 4.0 will be measured by how we can more easily and securely share resources and exchange data: human-to-human, machine-to-human, and machine-to-machine.”
One example of an ID-Ideal Consortium innovation that partners Jungheinrich AG and evan are working on is the digitalization of the rental process for industry trucks and forklifts using blockchain-based digital identities. With a digital identity, the prospective renter can be attested and verified by the rental company that they have a valid driver’s license to rent and operate the machine. The prospective renter can also view important data about the rental machine in advance, such as operating hours or the last maintenance date. All of this can be done in a blockchain-based digital world, including processing the payment—further minimizing administrative work and eliminating the need for physical paper documents.
Evan is also helping the ID-Ideal Consortium to enable companies to prove compliance with regulatory requirements in multi-stage supply chains. Digital identities built on blockchain technology can be used to trace product lifecycles from manufacturing to usage to recycling. In addition to optimizing processes, this data can also be used to reduce carbon emissions.
The ID-Ideal Consortium has a broad and diverse membership to better understand and be able to meet the variety of requirements of today’s businesses that want to enable digital identity-based exchanges. The consortium is led by the University of Applied Sciences Dresden. In addition to evan GmbH and Jungheinrich AG, members of the project team include HTW Dresden, the state capital of Dresden, the Leipzig city administration or Fraunhofer FIT.
About evan GmbH
Every product is a digital product – that is the vision of evan GmbH. The software company offers solutions that enable companies to collaborate efficiently, sustainably, and securely with their partners in the digital space. At the company’s locations in Dresden and Eisenach, the evan team is shaping the future of the digital market economy based on decentralized technologies – thus ensuring more transparency and trust in digital business relationships. On April 1, 2021, evan GmbH became a wholly-owned subsidiary of Blockchains, Inc.
About Blockchains, Inc.
Blockchains is a company committed to protecting and empowering individuals through the development of a blockchain-based platform that will change the way people interact with technology, infrastructure, and each other. Blockchains plans for its solutions to serve as digital infrastructure to purpose-built smart cities in the United States and around the world, while working with innovative companies and communities to showcase how, when embracing innovative technologies with a commitment to sustainability enhancement, we can transform daily human life for the better.