They found a cooperative in Valencia to offer services using blockchain technology

In Spain, together with Fundeun, they supported the Baes group of the University of Alicante to form a cooperative that will offer blockchain services. This was officially founded in Valencia. This was reported by Valencia Plaza on June 4th with a detailed article signed by Sandra Murcia.

The article detailed who the eleven founding partners are: “The Fundación Empresa Universidad de Alicante (Fundeun), the College of Property Registrars of Spain, Caixa Popular-CaixaRural Coop. de Crèdit V., Cooperativa Eléctrica de Crevillent (Grupo Enercoop), the General Council of the Colleges of Property Administrators in Spain, Dynastic Explotaciones SL., KH Vives SL, the Agency for Technology and Electronic Certification of the Generalitat Valenciana (ACCV), the Spanish Association of Associated Employment Organizations (Coceta), Castilla y León Technological Institute (ITCL) and Zeumat Zitycard SL “” On the other hand, it was made clear that the partners of this entrepreneurial initiative, called BlockchainFUE, were founded according to the Valencian cooperative formula. The reason for this was that it “best fits the collaborative, participative, decentralized and open vision” that regulates both this project and the technology itself. “

Projects on the net

Carmen Pastor, director of the BAES group and one of the project promoters at the University of Alicante, stated this Within this public blockchain network, there are projects in maturity and others that are already working: “The first steps from now on will be to bring the network into production and develop the applications that the partners have chosen to participate in. The infrastructure is ready.”

They found a cooperative in Valencia to offer services using blockchain technology
They found a cooperative in Valencia to offer services using blockchain technology

The publication made it clear that after signing the notary, the partner companies still have to be ratified from outside the Valencian community.

“In this sense, Two of the partner companies are most affected by the Covid-19 in two sectors: the tourist and the automobile. These companies therefore illustrate the need to adapt the blockchain to their processes in order to accelerate the recovery as quickly as possible, ”wrote Sandra Murcia.

Blockchain and automobile

According to the Valencia Plaza publication, KH Vives was the winner of the last edition of Hackachain 2019 (a competition to develop applications in the field of Industry 4.0 based on blockchain). After winning this award organized by Fundeun and Baes, they adapted their blockchain certification system to the manufacture of automotive glass from the Ford plant. In this context, the Grupo KH system director, Javier Belarte, explained the process in which his “just in time” system intervenes, with which they work for Ford: “Every 45 seconds we have to be able to carry eight car windows for Ford. That means to run through 1,800 vehicles a day and handle 14,720 different crystals every day. We sequence these crystals to install them in the order Ford expects and in the right parts. “It should be noted that in addition to agility, each component can carry additional items such as rain sensors or GPS, depending on the customer’s requirements.

How does the process work with blockchain technology? The process begins when a person is in contact with the crystal and receives commands via an earphone and microphone on what to do with the piece. This is how orders and movements are recorded. When the parts installed by KH Vives arrive at Ford, they are received by a robot. If an error occurs in the part collected for the entire production line, this means a fine for KH Vives and its quality mark. For this reason, the goal of the blockchain system in the factory is to “demonstrate traceability in the process”. Belarte also noted: “Every time a part leaves our company, a tag is automatically created for each of them. It is an encrypted certificate. If Ford wants to know the process of a certain part at a certain time, that tag contains all the information and can check whether the error has occurred in our factory or whether it has already been left. ”

Blockchain and tourism

Sandra Murcia also cited the StayTrade case as a tourism business model whose keys, according to President Vicente Ferrer Monerris, lie on a digital platform based on blockchain technology. Ferrer is a member of new technologies on the Board of Directors of Hosbec and the Governing Council of the new cooperative. And he commented that this technology today enables him to design new business models for tourists for the Covid-19 pandemic. In this sense, he explained: “Basically, it is an application that offers room reservations for sale using blockchain technology. The system is characterized by being atomized and disruptive, very democratic. It breaks the oligopolies of hotel distribution and offers basically everyone. ” the ability to buy hotel reservations at competitive prices. Without forgetting that thanks to the app, the hotel earns part of the price that large distribution companies previously held in the hands of multinationals. ”

You may be interested in:

  • They will hold a Minerva Program forum through which they have passed Agrotech, Edtech, and blockchain solutions
  • The Track Journey platform will use blockchain to develop safe tourist corridors
  • The Instituto Tecnológico de Aragón will implement a blockchain platform in the mining sector
  • They estimate that the blockchain investment in Spain could exceed 90 million euros this year
  • PNET platform launched to connect the industry of transfers, transfers and cross-border payments
  • Price analysis November 28: Bitcoin, Ripple, Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin (2018)
  • Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, TRON: Price analysis, May 25 (2018)

Similar Posts