Collecting, transferring, processing, analysing and eventually fusing Big Data remains a complex R&D topic for even the most advanced organization. Those that can surpass the challenges and extract business value will gain significant competitive advantages. Distributed data fusion based on DataUniTor’s Blocknetwork scheme enables a highly secure but still “lightweight” solution capable of handling flowing petabytes (10^15) of data.
Blocknetwork is DataUniTor’s unique implementation of blockchain schemes. The number of applications related to “secure information from Big Data” is almost endless, but includes healthcare, public sector, retail, manufacturing and modern cities. A self-organized cryptographic Blocknetwork with an evolutionary extension model is the future and the next logical step for blockchain to track complex transactions – gaining flexibility and scalability. The DataUniTor’s Blocknetwork scheme retrieves information from the data collected by various data sources and fuses the information into a knowledgebase while also offering additional security features - handling larger volumes, taking fewer instructions and providing a simpler and faster response. The above is primarily driven by a need to gain flexibility and scalability. Taking social media (e.g. Facebook) as an example, the number of real-time Big Data sources involved in creating highly personal content (“personalization”) is vast and is continuously gaining in sophistication.
DataUniTor’s uniqueness stems from turning Big Data into big information, knowledge and actionable wisdom. The proprietary solution can integrate modules independently of the product provider. This allows for a more flexible structure than the competition that typically locks in the client. Our innovations also address all the security threats listed by the Cloud Security Association (CSA). Based on technology demonstrations to customers, we assess the Blocknetwork scheme to have TRL 7. An ambitious technology development and demonstration effort is followed to climb the TRL ladder to a market-mature solution (i.e. TRL 9) and fully leverage the commercial potential within 2019.
The overriding objective of the project is to deliver a Feasibility Study underpinning the development and commercialization journey of DataUniTor’s Blocknetwork scheme. We have studied the technical and economic feasibility of achieving a fast market uptake to exploit a near-term € 133 mill. business opportunity (revenue 2019E-2022E). The study resulted in an extensive Strategic Business Plan based on information gathered from work plan tasks including market and competitor analysis, cost and resource assessments, IP analysis and strategy, regulatory feasibility, detailed Phase 2 development plan. The company’s future target clients are sophisticated medium to large enterprises, governmental and non-governmental organizations (B2B). International expansion is our priority.
