Compellio, Uni Systems and Intelli: A new era for the integration of Digital Identity in public services and enterprises

Luxembourg, 26 March 2026 — Compellio, in collaboration with Uni Systems and its subsidiary Intelli Solutions (Intelli), announces the launch of the Compellio Digital Identity Wallet, a comprehensive solution fully aligned with the European Digital Identity Framework (EUDI Wallet) and the requirements of the eIDAS 2.0 Regulation.

The solution constitutes a mature, decentralized information system for the secure issuance, storage, and verification of digital credentials, enabling interoperability between digital wallet applications and the certification and verification infrastructures of other European Union Member States.

Its architecture is built on a unified backend infrastructure combined with advanced interoperability, high-security, and regulatory compliance mechanisms. Its key competitive advantage lies in its full operational integration with national certified issuance and verification infrastructures. While its mobile application is the visible touchpoint for end users, the true added value of the solution resides in its robust backend infrastructure, which supports reliable, scalable, and interoperable operation.

Specifically, Uni Systems leverages Compellio’s solution, which is based on open technologies and standards, to ensure interoperability with public authorities and digital wallets across different countries. This approach reduces dependency on a single vendor and accelerates adoption and scalability, in full alignment with European strategic guidelines.

At the same time, Intelli, with a leading position in the Greek market in the field of Customer Digital Onboarding, utilizes the Compellio solution to deliver its fully certified idbox™ Trust & Compliance Hub (offering agentless KYC & KYB, Fraud Prevention, direct connectivity with trusted databases, sanctions lists, as well as relevant governmental and regulatory portals). The platform now also integrates a comprehensive Identity Wallet (ID Wally™) for the secure issuance, storage, and verification of digital credentials compliant with the eIDAS 2.0 Regulation.

It is worth noting that the Compellio Digital Identity Wallet leverages Talao’s open technology, drawing on experience from projects that have been operating in production environments since 2022 and have managed more than 100,000 digital credentials, with implementations for major European organizations in countries such as France, Germany, and Switzerland. Talao’s active participation in the European digital identity ecosystem is reflected, among other initiatives, in its collaboration on the France Identité project and its participation in pioneering consortia, such as the one selected by the Luxembourg GovTech Lab for pilot implementations of EUDI Wallet–type technologies on the national citizen portal.

Moreover, the certification within the European Blockchain Services Infrastructure (EBSI) ecosystem, along with continuous alignment with the EUDI Architecture Reference Framework and ETSI specifications, underlines the solution’s compliance with the most advanced European standards.

Furthermore, the active participation of Compellio and Talao in major European EUDI Wallet large-scale pilot projects, namely WEBUILD and APTITUDE, positions them at the core of developments shaping the next generation of digital wallets.

Finally, the solution is further enhanced through practical applications developed via Uni Systems’ Web3 Lab, serving public-sector bodies and local government organizations, as well as through Intelli’s Identity Wallet in the area of customer onboarding. It is also made available in the Greek market to a broad range of private enterprises regulated under the eIDAS 2.0 Regulation, including banks, telecommunications providers, energy suppliers, transport companies, and educational institutions.

About Compellio:

Compellio S.A. is a deep‑tech company headquartered in Luxembourg, providing trust solutions and services based on tokenisation/blockchain technologies and decentralized digital wallets (EUDI Wallet), aimed at the secure management of data (trust computing). The company offers a patented (USPTO) Software‑as‑a‑Service (SaaS) solution, actively collaborates with MIT Connection Science, and is a member of the SATP working group of the Internet Engineering Task Force (IETF). Since 2018, Compellio has partnered with major clients, including leading technology players and public-sector organizations, delivering solutions that integrate trust technologies into traditional IT systems.
www.compellio.com

About Uni Systems:

Uni Systems, a member of Quest Group and a long-standing strategic ICT partner to financial institutions, public organizations, telecom operators and enterprises in the European region, has been providing integrated solutions and value-added services since 1964. Today, the Company invests substantially in its European perspective and demonstrates a proven track record of accomplishments in complex and mission critical IT projects in more than 20 countries through its entities in Greece, Belgium, Romania, Luxembourg, Italy, Spain, and Cyprus.
www.unisystems.com

About Intelli Solutions:

Intelli Solutions, a member of the Uni Systems / Quest Group, operates in the field of digital transformation solutions, delivering comprehensive cloud services within the Digital Economy. The company has maintained an active presence for more than 20 years across Europe, Africa, and the Middle East, operating through subsidiaries and collaborating with leading enterprises and organizations, primarily in highly regulated and customer-facing industries, such as Financial Services, Fintech, Telecommunications, Utilities, Insurance, and Gambling.
www.intelli-corp.com

Compellio is proud to join forces with a coalition of global leaders in Web3 and fintech to announce the launch of ERC-7943, a new open Ethereum standard for the compliant tokenization of Real World Assets (RWAs).

This milestone initiative establishes a modular, vendor-neutral framework designed to bring interoperability, transparency, and institutional readiness to the rapidly evolving RWA ecosystem.

Why ERC-7943 Matters

Tokenization is reshaping financial markets by bridging traditional finance (TradFi) and decentralized finance (DeFi). For example, Real estate, securities, commodities, art, or U.S. Treasuries are being transformed into programmable, tradeable assets on the blockchain.

Yet until now, tokenization has been fragmented, with proprietary approaches creating silos and limiting the potential of composability.

ERC-7943 introduces a novel approach by defining a universal standard for RWA tokenization — one that:

• Extends existing Ethereum standards like ERC-20, ERC-721, and ERC-1155.
• Introduces essential compliance functions such as freezing assets, enforcement transfers, and transfer restrictions.
• Enables DeFi protocols and applications to interact seamlessly with tokenized assets while respecting regulatory requirements.
• Creates a shared infrastructure that institutions can trust, without sacrificing openness or flexibility.

The Coalition Behind ERC-7943

ERC-7943 is the result of collaboration across a diverse set of innovators. The founding coalition includes (in alphabetical order):

Bit2me, Brickken, Compellio, Dekalabs, DigiShares, Hacken, Forte Protocol, FullyTokenized, RealEstate.Exchange, Stobox, Zoth.

By working together, we are demonstrating that collaboration among competitors can drive the industry forward and set the foundations for the next phase of tokenized finance.

Market Momentum

The launch comes at a pivotal moment. According to RWA.xyz, nearly $27 billion worth of assets have already been tokenized on public blockchains, including $7.45 billion in U.S. Treasuries. Demand for tokenized money-market funds and other yield-bearing products continues to accelerate, as institutions seek both efficiency and access to new opportunities.

ERC-7943 provides the standardization needed to scale this growth sustainably.

A Minimal Yet Powerful Approach

Unlike overly complex proposals of the past, ERC-7943 follows an open, interoperable, and composable design philosophy. It introduces only the compliance features essential for RWAs, leaving implementation details flexible.

This approach ensures that:

• Projects can adopt the standard without incurring unnecessary gas costs.
• Different asset classes (real estate, bonds, commodities, etc.) remain interoperable.
• Developers can innovate freely while maintaining compatibility.

The ultimate vision is to build composable DeFi around RWAs — where any protocol can interact with tokenized assets through a consistent, compliance-ready interface.

Compellio’s Role

At Compellio, we are committed to advancing open, interoperable solutions that enable enterprises, institutions, and innovators to leverage blockchain technology responsibly and effectively. By contributing to ERC-7943, we reaffirm our mission to connect innovation with trust. We believe the future of tokenization must be open, collaborative, and compliant by design. ERC-7943 is a major step in that direction.

🔗 Stay connected: Follow Compellio on Linkedin and X for updates as we continue building the future of tokenized finance.

Uni Systems Acquires Minority Stake in Compellio, Strengthening Strategic Partnership in Asset Tokenization

Luxembourg — Athens, September 17, 2024

Uni Systems, a prominent European IT provider, has acquired a minority stake in Compellio, a Luxembourg-based deep tech company, in a significant move to enter the Asset Tokenization domain. The transaction was completed for an undisclosed sum.

The patented technology of Compellio offers Tokenization as a Service, which simplifies integration with current enterprise systems and promotes innovation for next-generation internet services. The Compellio Gateway platform, which is available as a cloud service, leverages the benefits of blockchain technology to facilitate the interoperability of cross-system information sharing in a privacy-preserving and adaptable manner.

The two companies intend to expedite the adoption of blockchain and tokenization technologies by optimizing engineering efforts and assisting in the control of the total cost of ownership through this strategic partnership.

It is important to mention that Compellio has implemented blockchain-based solutions for significant EU institutions, industry actors, academic institutions, and SMEs. The company also engages in collaborative research with MIT Connection Science and is a participant in EU Horizon programs that focus on advanced Web3 research and development. Moreover, Compellio is listed in the Luxembourg Industry and Research Capabilities for Security and Defense 2024 Index.

Yiannis Loumakis, CEO of Uni Systems, stated: “In the present complex world, in which humans, machines, and software interact, it is our responsibility as IT companies to establish trusted sources of information, bolster the authenticity of products, enhance the security of civil and defense software, and assist in the safeguarding of the critical infrastructures of the public sector. Modern IT systems require the capacity to rapidly and unambiguously confirm the source of information and assets. Asset tokenization is vital in this context. Our collaboration with Compellio expedites the adoption of blockchain for the advantage of our clients in a variety of sectors, thereby improving efficiency and managing overall ownership costs”.

Denis Avrilionis, the CEO of Compellio said: “We are proud to enter into such a strategic collaboration with Uni Systems. Our Compellio Gateway integrates cloud computing with smart contracts, bridging the gap between traditional IT systems and Distributed Ledger Technology. The Compellio Gateway allows enterprise software developers to quickly focus on the business-added value without the complexity of blockchain smart contract programming. Leveraging years of experience in software engineering and R&D, we are uniquely positioned to contribute to building the next generation of asset-centric internet services. Uni Systems is a key partner in such enterprise solution development activities. Our partnership with Uni Systems will accelerate our product development and allow us to reach new markets more quickly.”

The two companies collaborate on a diverse array of initiatives and investigate opportunities in the fields of banking and finance, logistics, energy, e-commerce, cultural heritage, and intellectual property protection.

About Uni Systems

Uni Systems, a long-standing strategic ICT partner to financial institutions, public organizations, telecom operators and enterprises in the European region, has been providing integrated solutions and value-added services since 1964. Today, the Company invests substantially in its European perspective and demonstrates a proven track record of accomplishments in complex and mission critical IT projects in more than 20 countries through its subsidiaries in Belgium, Romania, Luxembourg, Italy, and Spain. For more information, please visit www.unisystems.com

About Compellio

Compellio S.A. is deeptech company located in Luxembourg, providing patented (USPTO) Software as a Service — SaaS infrastructure for bridging the gap between cloud (web2) and blockchain-related (web3) computing. Compellio actively collaborates with MIT Connection Science in blockchain-oriented research while it is a member of the Internet Engineering Task Force (IETF) SATP working group. Since 2018, Compellio has collaborated with an esteemed set of clients including large industry players and public institutions to deliver solutions that integrate web3 technologies into traditional IT systems. For more www.compellio.com

For clarifications about this press release, please contact:

Theofilos Papasternos, COO & Partner at Compellio: theo@compellio.com

AlmaMint leverages blockchain technologies to issue unique, personalised, and verifiable tokens for education credentials, course certificates, or digital diplomas.

Reduce verification overheads — Unlock new creative experiences

Course providers, training organisations, and universities can use AlmaMint to innovate their certificate issuance and deliver new creative experiences to students and program participants.

Benefits for issuers of tokenized credentials:

• AlmaMint provides a powerful admin platform that enables issuers to easily onboard recipients and manage the full lifecycle of tokens.
• Multi-chain options and flexible meta-data configurations to enrich course token descriptions.
• Intuitive features that allow for recipients’ e-mail management and verification, web3 wallet validation, and token revocation.
• Authorisation controls for verification processes by 3rd parties.
• Integration opportunities with existing certificate management systems, online course delivery platforms, and learning management systems.

➡️ Interested in exploring the platform? Book your live demo here

Benefits for recipients of tokenized credentials:

• AlmaMint tokens are air-dropped as non-tradeable/transferable NFTs (aka Soulbound tokens — SBTs) and do not require any technical skills to mint.
• Recipients are not required to hold cryptocurrencies.
• They are minted in the recipients’ self-custody web3 wallet of their choice for maximum decentralization and user-centric ownership.
• They have strict privacy controls (GDPR-compliant) and Personally identifiable information (PII) is not stored on-chain.
• They could be used to unlock exclusive token-gated services offered by the issuing organisations and their partners.
• The NFT link can be shared on professional platforms (e.g. Linkedin) and on CVs to provide enhanced verification and trust capabilities.
• They are picked up by NFT marketplaces for additional ecosystem visibility:

Contact us to book a live demo, request quote or discuss partnerships:

👉 https://almamint.io

Hosted by Compellio

AlmaMint is designed, built, and commercialised by Compellio, an acknowledged provider of global infrastructure components for bridging the gap between web2 & web3 computing. Compellio is a founding member of the International Association for Trusted Blockchain Applications (INATBA) and is active in commercial, academic, governmental, and R&D projects targeting the advancement of blockchain and web3 technologies.

Stay up to date with our latest news on X, Linkedin, or Facebook.

Image Credits: Photo by Nick Collins

Compellio’s collaborative project with Uni Systems* has been selected by the European Commission in the first 20 use cases of the EU Blockchain Regulatory Sandbox, with the aim to bring blockchain technologies closer to businesses, public administrations, and citizens of the European Union.

The EU Blockchain Regulatory Sandbox offers a controlled and secure environment where companies can test their products and services, in collaboration with the relevant regulatory and legislative authorities, to shape best practices and accelerate the adoption of blockchain technologies in the EU. From 2023 to 2026, the Sandbox will support 20 projects per year, including public sector projects that leverage the European Blockchain Services Infrastructure (EBSI).

As part of the Sandbox, Compellio in collaboration with Uni Systems will work on the development of technological and regulatory innovations related to Digital Product Passports (DPP).

Why Digital Product Passports?

Digital Product Passports (DPP) are an important element of the EU digital strategy towards the advancement of sustainable and circular supply chains. DPPs act as a bridge between the physical and the digital world, facilitating access to product information from businesses (B2B) and consumers (B2C).

Compellio has developed a new multi-sector DPP solution that combines blockchain, verifiable credentials, and decentralized identity technologies to deliver enhanced levels of accountability and transparency within complex supply chains.

Initially focusing on circular supply chains within the construction sector, and as a member of the Product Circularity Data Sheets Initiative, Compellio has leveraged its patented technology to implement a novel solution that effectively addresses critical privacy, scalability, and interoperability requirements.

With the support of the EU Blockchain Sandbox, Compellio in collaboration with Uni Systems will deliver the following advantages to private and public organisations:

• Easier integration of blockchain technologies with existing IT systems.
• Simpler verifiability of data and process workflows.
• Stronger risk controls related to third-party disclosures.
• Streamlined compliance with EU standards and regulations.

At the same time, the legal and regulatory frameworks for the wider use of digital passports in the following areas will be examined:

• Manufacturing: Electronics, batteries, textiles, raw materials, building materials.
• Agri-food: Geographical indications and quality systems, organic products, electronic labels for alcoholic beverages.
• Energy: Certification of origin, smart meters, flexibility services, electric vehicle networks.
• Culture: Identification of cultural goods and their safe circulation, management of intellectual property, management of digital records and archives.

Join Compellio’s DPP Early Adopters here.

Stay up to date with our latest news on X, Linkedin, or Facebook.

* About Uni Systems

Uni Systems, member of Quest Group of Companies, is a long-standing strategic ICT partner to financial institutions, public organizations, telecom operators and enterprises in the European region and has been providing integrated solutions and value-added services since 1964. Today, the Company invests substantially in its European perspective and demonstrates a proven track record of accomplishments in complex and mission critical IT projects in more than 20 countries through its subsidiaries in Belgium, Romania, Luxembourg, Italy, and Spain.

Image Credits: Photo by Anni Roenkae

Digital Product Passports (DPP) will soon be required by law to help businesses and consumers track the origin of components and raw materials used in all kinds of goods. How can businesses transform these compliance costs into investments for future growth?

👉 TL;DR : Join our DPP Early-Adopters Program

In this blog post we:

• Give a quick overview of EU’s plans for Digital Product Passports (DPP)
• Discuss how businesses can use blockchain & web3 technologies to manage risks & drive growth with DPP

Digital Product Passports

The European Commission plans to introduce Digital Product Passports (DPP) to track the origin of components and raw materials used in all kinds of consumer goods. All regulated products will have DPP. This will ensure that supply chains become more circular and that consumers are aware of the environmental impacts of their purchases.

EU’s Ecodesign for Sustainable Products Regulation [1] as well as the Battery Regulation [2], have outlined the adoption of DPP with the aim to make durable and repairable products ‘the norm’ in the EU’s single market.

For DPPs to succeed, third-party verification of data is key to ensure transparency across a wide range of materials and products. This regulatory framework presents big opportunities for the introduction of blockchain-related technologies that ensure a chain of trust across supply chains in Europe and beyond.

Next-Gen Tech for Digital Product Passports

Blockchain is increasingly gaining importance not only as a siloed technology for implementing on-chain dApps but also as an infrastructure element in the global internet-based computing landscape (see our joint paper with MIT Connection Science [3]).

In particular, the ability to uniquely identify assets (co-authored with MIT Connection Science [4]) allows easier implementation of traceability and auditability, thus increasing trust and transparency regarding products and processes involving both physical and digital assets.

The ability to protect properties of both digital and physical assets (e.g., intellectual property, product provenance, environmental characteristics) or the efficiency of complex business processes (e.g., cross-border taxation, product certification, asset transfer, etc.) is a major opportunity for blockchain and web3 technologies in general.

Opportunities for better risk management & value creation

• Reduce counterparty risks from suppliers’ misclaims
• Prove compliance without revealing sensitive data to competitors or upstream users
• Improve the security of user access controls for your data & systems
• Streamline collaboration processes with 3rd parties (e.g. auditors, regulators, etc.)

To unlock these opportunities, new tokenisation paradigms have emerged to support a diverse set of use cases (e.g. non-fungible tokens — aka NFTs — for trading across marketplaces, soul-bound tokens — aka SBTs — for collecting personalised non-transferable assets, etc.).

As the global blockchain tech market is expected to grow to $60 billion by 2028 [5] while the total size of illiquid asset tokenisation would be $16 trillion by 2030 [6], the tokenisation design space will inevitably grow to support more flavors and paradigms in decentralised economic processes [4].

In addition to the market uptake of blockchain/tokenisation technologies, decentralised identities (DIDs) and verifiable credentials hosted on SSI-compliant wallets are also providing new ways for businesses to interact with consumers as well as manage user authentication in protected IT environments in a more personalised, secure, and trusted manner.

Asset identity tokenisation and decentralised claims (collectively called web3) combined with the power of traditional IT systems (web2) are creating meaningful opportunities to deliver the next wave of innovations for Digital Product Passports.

Leveraging this convergent framework, our team at Compellio has been working with industry leaders to implement a new DPP solution that makes use of our patented digital asset interoperability technology to deliver capabilities that help businesses turn compliance costs into value-adding innovations.

Our DPP Solution For Circular Supply Chains

As a member of the Product Circularity Data Sheets (PCDS) Initiative [7] which is led by the Ministry of Economy of Luxembourg and supported by major international industry leaders, Compellio has taken concrete steps to contribute to Europe’s Green & Digital transition by developing a new Digital Product Passport solution for the Circular Economy that enables out-of-the-box compliance with the upcoming ISO 59040 PCDS standard [8].

Based on this new ISO standard, companies shall describe, for each product, all relevant information in controlled and auditable statements, with the aim to help consumers and manufacturers make educated choices, increase the value of their products, and enable future product uses within circular supply chains.

In order to help companies comply with the ISO standard in a fully interoperable manner, Compellio provides a trusted PCDS DPP system that addresses the difficulty for industry and consumers to access reliable data on the circular properties of a product.

Our PCDS DPP solution uses:

• Blockchain-enabled verifiable registries
• PCDS data and audit certificates
• Verifiable credentials for PCDS-related assets

It also leverages self-sovereign identity (SSI) components via an EBSI-compliant wallet, to ensure trusted authentication, auditability, and data access services in Europe and beyond.

Our GDPR-compliant solution is offered as cloud-based SaaS (Software as a Service) with plug-and-play API connectivity for enterprise systems and on-premise deployments.

Recognising the impact of this web3 solution on EU’s digital transformation and sustainability goals, Compellio’s Digital Product Passport has been selected as a winner by EU’s Next Generation Internet program [9] led by the eSSIF Lab which looks for interoperable SSI working applications for real-world challenges and opportunities in e-Government.

Join our Early Adopters Program

With our DPP solution, our vision is to facilitate an open, transparent, and trustworthy ecosystem for circular product compliance globally.

We are now welcoming applications (via this link) from industrial companies, auditors, and institutions active in circular supply chains that wish to use our Digital Product Passport solution, drive connectivity with their existing IT systems, and adapt it to their unique business processes.

About Compellio

Compellio is an acknowledged provider of global infrastructure components for bridging the gap between web2 and web3 computing. Headquartered in Luxembourg, Compellio offers a patented technology used by industry leaders and major public institutions to deliver cutting-edge services in several market verticals including product traceability, audit, e-government, fintech, compliance, and more.

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References

[1] https://commission.europa.eu/energy-climate-change-environment/standards-tools-and-labels/products-labelling-rules-and-requirements/sustainable-products/ecodesign-sustainable-products_en

[2] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex%3A52020PC0798

[3] D. Avrilionis, T. Hardjono, “Towards Blockchain-enabled Open Architectures for Scalable Digital Asset Platforms”, October 2021 https://arxiv.org/abs/2110.12553

[4] D. Avrilionis, T. Hardjono, “From Trade-only to Zero-Value NFTs: The Asset Proxy NFT Paradigm in Web3”, May 2022 https://arxiv.org/abs/2205.04899

[5] https://www.bloomberg.com/press-releases/2022-09-13/-60-billion-global-blockchain-technology-market-size-likely-to-grow-at-44-5-cagr-during-2022-2028-blockchain-technology

[6] https://web-assets.bcg.com/1e/a2/5b5f2b7e42dfad2cb3113a291222/on-chain-asset-tokenization.pdf

[7] https://pcds.lu/

[8] https://www.iso.org/standard/82339.html

[9] https://essif-lab.eu/product-circularity-data-sheets-digital-passport-pcds-dp-by-compellio/

Image credits: Photo by Andre William

Today there is a growing interest in the use of Non-Fungible Tokens (NFTs) on the blockchain to represent assets that are hybrid assets (or Real World Assets aka RWAs). In this post we briefly explore:

• What are the emerging use cases for hybrid NFTs
• What are the constraints for public & private orgs entering Web3
• How a new “Asset Proxy NFT” paradigm addresses security risks and interoperability challenges

The emerging world of Hybrid NFTs

Hybrid assets generally consist of two parts, namely a real-world valuable good/resource (off-chain) and an NFT that represents the asset on a blockchain. The notion here is that the ownership of the NFT on-chain would legally imply the corresponding ownership of the asset off-chain.

Real Estate Tokenisation

The real estate industry has been the leader in asset tokenisation, using security tokens and hybrid NFTs to tap into crypto capital and improve liquidity for real estate assets. Based on a recent report by Security Token Market featured on Cointelegraph Research Terminal, “89% of all traded security tokens are for real estate, suggesting that the blockchain industry may be primed for further adoption of real estate NFTs”.

Art Tokenisation

Another rapidly emerging use case is Hybrid NFTs for artworks. On 9 November 2021, BEEPLE’s Human One, a hybrid digital and physical artwork, was sold for USD 28,985,000 during Christie’s 21st Century Evening Sale auction.

Retail Tokenisation

Alongside real estate, “phygital” art, and consumer products like wines, the luxury industry has been also taking big steps into the blockchain and hybrid NFTs universe.

Enabling product traceability and authentication using blockchain has become a strategic goal for the major players in this category. The LVMH Group stated in April that all products would have traceability information by 2026. In addition, based on the Vogue Business NFT Tracker, 17% of brands in their index had worked with NFTs as of Winter 2021.

The Web3 market is growing — But what about the tech?

This interest in hybrid assets dovetails into the current broad discourse regarding the future Web3 as the “Internet of Value” — versus the current Web2 as the “Internet of Communications”.

However, there are today several challenges facing blockchain technology in its current iteration as a part of the Web3 proposition. We believe that many of these issues arise largely from an incorrect view of assets.

An asset-centric view of the world must take into account the fact that in the majority of cases, the assets and their associated economic value originate from outside the blockchain.

Just as the design of the internet was centered around communications survivability, we believe Web3 must be centered around assets and not around the mechanics of blockchain technology.

Although Web3 is currently going through its hype-cycle, Web2 computing infrastructures are not going away anytime soon.

NFT tech challenges still persist

The unique NFT that accompanied BEEPLE’s physical Human One artwork included this mp4 video that is hosted on an online server and can be accessed by anyone following the NFT’s metadata link.

If the link to the video is removed or replaced (accidentally or as a result of a security breach) with a different digital artifact, the meaning and the content of the NFT would be completely altered.

This problem was demonstrated by an artist who pulled the rug on NFTs he created by changing their images after they were minted and sold to others.

Another critical issue in the NFT space is the lack of rigorous authenticity assurance and fraud-protection mechanisms. As self-reported by OpenSea, the world’s largest NFT marketplace, more than 80% of NFTs created for free are fraud or spam.

Creating robust technical capabilities that can facilitate open, secure, and trusted trade of assets feels more urgent than ever before. Not only for protecting consumers, investors, and brands but also for creating the “new digital rails & bridges” that modern economies can use to connect globally and grow sustainably.

The Asset Proxy NFT Paradigm

For the past few decades, enterprises and financial institutions have invested heavily in IT infrastructures — including cloud computing — to enable the digitization of the various commercial and financial services (B2B and B2C).

The fintech innovations catalysed by the emergence of new digital assets will require institutions and market infrastructures to develop technical capabilities that facilitate asset-based transactions including traditional fiat currencies, Central Bank Digital Currencies (CBDCs), digital or native tokens, as well as NFTs.

As highlighted in the recent EU regulation 2022/858 of 30 May 2022 on a pilot regime for market infrastructures based on distributed ledger technology, “as fundamental trade-offs involving credit risk and liquidity remain in a tokenised world, the success of token-based systems will depend on how well they interact with traditional account-based systems.”

How can we drive widespread blockchain adoption when in essence the current Web3 paradigm entails that organisations must render their existing investments in IT systems obsolete?

This need for future Web3 infrastructures to integrate securely with these existing Web2 systems and networks has been an oft-overlooked aspect of the Web3 discourse.

We believe that an asset-centric view must allow for bridging the gap between Web2 and Web3 computing.

In our recent paper co-authored with MIT’s Dr. Thomas Hardjono, we propose an Asset Proxy paradigm for NFTs where the focus is placed on the asset itself and where the NFT construct is seen as a proxy (on-chain) for the asset (off-chain).

The paper proposes the creation of specific, well-defined NFT design patterns. Such patterns would specialize the Asset Proxy NFT paradigm in particular cases focusing on targeted but generic business or technical issues, including:

1. Trade-only NFTs for hybrid assets, implementing the usual “plain vanilla” NFT that is common today in most marketplaces, but with rigorous fraud protection and Anti-Money Laundering (AML) assurances
2. Cross-chain transferable NFTs for hybrid assets with long lifecycles (such as high-value product components or other mechanical/system engineering artifacts) that may undergo changes of ownership in their long lifetime
3. Hidden metadata NFTs for hybrid assets where the information about the asset (e.g. number of units produced) must be protected or even hidden
4. Zero-value NFTs for hybrid assets that follow more complex supply chain, taxation, custom clearance, or safety and security clearance procedures (like in the case of Digital Product Passports that provide information about products in the material, construction, agri-food, and seafood sectors)

We expect this list to grow as NFT usage becomes more widespread and NFT technology becomes more mainstream across industries.

The Asset Proxy NFT paradigm in itself introduces several new challenges, notably the need for a bilateral synchronization mechanism to be utilised that ensures the perpetual consistency of the state between the NFT on-chain and the asset off-chain. The technical background of this paper can be found in the previous paper we co-authored with Dr. Hardjono on blockchain-enabled open architectures for scalable digital asset platforms.

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Image credits: Photos by Scott Webb & Johannes Hofmann

With the Product Circularity Data Sheets-Digital Passport (PCDS-DP), Compellio provides a trusted accountability system delivering decentralised verification to businesses and auditors in circular supply chains.

Compellio’s PCDS-DP was selected as a winning project for EU NGI eSSIF Lab Track 1 which looks for Self-sovereign identity (SSI) working solutions for real-world challenges & opportunities in e-Government.

With this solution, we aspire to contribute to Europe’s Green & Digital transition by offering state-of-the-art components (on both infrastructure and app layers) that will enable wider adoption of EU’s strategies and tooling (Digital Product Passport, European Digital Identity) by governments, industry, and consumers.

Our GDPR-compliant system uses blockchain-enabled verifiable registries, data, and credentials for PCDS-related assets, and leverages SSI components to ensure trusted authentication, auditability, and data access services in Europe and beyond.

Compellio’s Verifiable Data Registry for the PCDS ecosystem is a layer 3 service (according to the Trust Over IP model) and will be governed by the PCDS SSI Assurance Community. The Verifiable Data Registry is a component supporting trusted data exchange in order for governments, organizations, and corporates to build assurance (governance layer 3) using public blockchains, and promote wider application, development, and adoption services (layer 4).

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About PCDS

Driven by the Luxembourg Ministry of the Economy and supported by major international industry leaders, the Product Circularity Data Sheets (PCDS) initiative addresses the difficulty for industry and consumers to access reliable data on the circular properties of a product.

For each product, an internationally accepted dataset will describe all relevant information in controlled and auditable statements, helping the consumer and manufacturer to make educated choices, increasing the value of the product, and enabling future uses in the circular economy.

Compellio is a member of the PCDS initiative. Since its inception, more than 50 companies from 12 different European countries have joined the PCDS initiative including global industry leaders like Arcelor Mital, DGNB, Saint Gobain, Reynaers Aluminium, Hunter Douglas, EPEA part of Drees & Sommer, Madaster, and more.

About NGI eSSIF-Lab

NGI eSSIF-Lab is an EU-funded project that aims at advancing the broad uptake of Self-Sovereign Identities (SSI) as a next-generation, open, and trusted digital identity solution for faster and safer electronic transactions via the Internet and in real life.

Image Credits: Photo by Kaique Rocha

Streamline Supply Chain Governance with Decentralised Product Circularity Data Sheets was originally published in Compellio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ensuring the validity of certifications related to the quality and origin of products is of critical importance as it is directly related to product safety and consumer protection.

Especially in the context of new European policies and funding aimed at the digital modernisation of the primary sector, increasing trust through transparency is of paramount importance.

According to the International Organisation of Vine and Wine, digital transformation is the future for the wine world and a catalyst for enhancing productivity, promoting sustainable development, and increasing value through new business models.

In this direction, Compellio in collaboration with Ampelooeniki, is creating the first vine data assurance service that utilises blockchain technology. The service enhances the transparency of the processes and facilitates compliance with European and international regulatory provisions, to better ensure the fidelity and quality of products.

The technological capabilities offered by Compellio provide an unalterable “digital seal” of authenticity and ownership to any type of data and file, which remain unchanged and controllable in a fully transparent manner and compatible with the General Data Protection Regulation (GDPR).

This new collaboration offers users the possibility, through a secure digital environment, to directly monitor viticultural issues and laboratory results as well as analyse prices and availability of products.

Of particular importance is the blockchain-enabled traceability component which makes the process of searching and locating historical data (financial data, analyses, advisory instructions, orders, etc.) faster and easier.

Finally, it is noteworthy that the authenticity of the registered data is ensured through a robust digital environment that aims to contribute to the creation of the e-Certificate and e-Label services that will enable traders and consumers to easily obtain information using their smartphone.

Denis Avrilionis, founder of Compellio, said the following: “We are delighted for our strategic partnership with Ampelooeniki that aims at the broader digital transformation of the wine industry using modern technologies such as blockchain, big data, and Internet-of-Things (IoT). With this new service, we aspire to provide innovative solutions to accelerate the digital transition of businesses, strengthen the certification and traceability mechanisms, as well as safeguard consumer protection.”

Anna Gkoulioti, manager of Ampelooeniki, said the following: “The digital world is now a reality and we, as a company, must respond to this challenge by assisting wineries, in a first stage by facilitating access and traceability of our services, whether it is export analysis, tank monitoring, or ordering oenological products, and in the future by participating in the creation of e-Label and e-Certificate services. The transition of our services to a digital environment will start immediately with a small number of clients and we hope to cover our entire clientele by the end of 2022.”

About Compellio SA

Compellio connects enterprises to web3. Using a range of online services and components, enterprises can benefit today from web3 capabilities without obliterating current investments in digital transformation.

Compellio is a founding member of the International Association of Trusted Blockchain Applications (INATBA) and has created extensive implementations for enterprises — especially in the agri-food sector — but also for leading EU institutions, including the European Commission and the European Court of Auditors.

In the wine market, Compellio supported the first, at a pan-European level, blockchain implementation with Internet of Things (IoT) in partnership with Guala Closures and the Italian winery Vigneti Massa, which from 2020 certifies its whole production using a combination of blockchain technology and IoT caps.

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About Ampelooeniki

Ampelooeniki was founded in 1996 with the aim of providing scientific services and making research results available to wineries and professionals in the wine sector.

The main activities of the company include the areas of representation and distribution of specialized oenological materials, barrels and alternative oak products useful in the production of quality wine products, distribution of packaging for the safe transport of bottles of wine and other beverages (Wineskin), conducting EN ISO 17025:2017 accredited laboratory analyses, providing advice on viticultural issues and applied research.

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Compellio augments the traceability and notarisation capabilities of its Gateway solution with new SSI functionality brought by using Talao’s open-sourced wallet. Users of Compellio can now interact with one click via their Compellio wallet to store important assets they own in a secure, trusted, and interoperable manner.

With this new solution, the Compellio Gateway provides seamless integration of W3C-compliant provisioning and management of self-sovereign identities (SSIs) and verifiable credentials (VCs), targeting both B2B and B2C workflows in several user cases including process auditing, product traceability, asset management, or consumer engagement.

Denis Avrilionis, CEO and founder of Compellio commented: “We are delighted to collaborate with Talao to extend the capabilities of our blockchain-enabled platform and enable any user to hold verifiable claims in a fully-compliant W3C SSI Wallet. The Compellio Gateway already offers enterprise system integration with blockchain technology. With the help of Talao, we are now extending our product to support SSI technology, allowing digital assets and SSI identities to be seamlessly adopted in enterprise, governmental, as well as business-to-consumer processes.”

Thierry Thevenet, co-founder of Talao stated: “Enhancing security for digital assets and robust mechanisms to manage identities are essential in modern corporate information systems. Thanks to the Compellio Gateway — Talao Wallet integration, organizations can now leverage state-of-the-art Self-Sovereign Identities.”

About Compellio S.A.

Compellio is a technology company located in Luxembourg offering highly scalable blockchain-enabled solutions that can be seamlessly integrated into existing enterprise IT systems and processes. Compellio’s solutions are used by major EU institutions and industry leaders active in several fields including audit, anti-counterfeiting, IoT, and product traceability.

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About Talao S.A.S.

Talao is a Paris based startup specializing in Self Sovereign Identity solutions for companies and institutions. With Talao’s issuer solution and the Talao SSI wallet, companies can extend their processes and tools to interact with the future of Digital Identities and leverage this opportunity to improve their competitiveness. Learn more about Talao at https://talao.io and @Talao_io.

Image Credits: Photo by vedanti