eciotify lays the foundation for a secure, scalable and

decentralized trading of digital assets, empowering the Economy of Things.

 

eciotify uses Blockchain technology to enable the
use of Smart Contracts between IoT devices.

THE PROBLEM

5.5 million new things are connected to the Internet every day, making the number of IoT connected devices increase from 10.3Bn in 2014 to an expected 50Bn by 2020. All of these hold tremendous digital data and assets, leading the IoT to have a global impact of as much as $11 trillion per year by 2025.

 

This poses a great challenge - how can we enable billions of IoT devices to act as independent traders, able to conduct complex financial transactions whilst maintaining trust and safety. Moreover, how can businesses find a significant ROI from their IoT devices.

THE SOLUTION

eciotify developes Blockchain embedded IoT - crossing the chasm between the huge amount of available IoT data and their incapability to monetize these. We envision a world where things are autonomously participating in the economy: securely buying, selling and trading their digital assets.

THE TECHNOLOGY

Machine-to-machine financial transactions introduce a paradigm shift in the design of Internet of Things. It requires the same trust and reliability we see today in human-centric financial transactions.

eciotify provides the missing piece of the puzzle necessary to realise trust and reliability in the machine-to-machine economy. eciotify guarantees data authenticity, processing integrity and transaction security, enabling fair and honest participation of IoT devices in the market.

EASY-TO-BOOTSTRAP

eciotify will be ready-to-use with zero configuration, whilst at the same time being easily customizable for specific use cases if wanted.

SECURE BY DESIGN

eciotify takes advantage of recent advances in cryptography and system security, building up a bastion around digital assets.

HARDWARE-ENABLED

eciotify combines a special-purpose hardware architecture with revolutionary system security principals.

MODULAR

eciotify components are extendable and exchangeable with no constraints caused by any specific IoT standards.

THE BUSINESS CASES

In emerging autonomous IoT markets, eciotify couples IoT data with the Blockchain technology, a distributed, digital transaction paradigm that allows for securely storing data and executing Smart Contracts in distributed networks.

The modular eciotify tool-set enables companies to build, on top of any underlying Blockchain technologies, there own customized secure Smart Contracts. These “eciotfied” Smart Contracts allow machines to trade amongst each other the exact amount of resources on-demand in real-time, whilst monetizing their digital assets.

 

eciotify’s interoperable technology enables disruptive business models across branches.

REAL ESTATE

Companies such as airbnb or sharedesk have changed the way we rent out living and working space. Availability, price and time are no longer limited to long-term contracts or leasing. We now see individual peer-to-peer agreements without any middleman.

Soon these contracts will become fully automated, allowing companies and private persons to rent living- and working space on demand.

eciotify’s Smart Contract technology will reduce risk tremendously by providing strong evidence of the defined renting conditions such as the identity of each party, the agreed legal terms and paying requirements.

ENERGY

Various players, e.g. decentralized energy providers and energy buyers, communicate and trade with each other through their IoT devices, using an eciotified Smart Contract.

These contracts allow them to define their specific terms (e.g. selling and buying conditions such as billing, time frame and identity).

All players can be sure that the specifications have been stipulated in the eciotified Smart Contract.

INSURANCE

A great number of startups with new peer-to-peer distribution methods are increasingly disrupting the insurance market.

Using Blockchain technology, microinsurance becomes feasible. In this case,
Blockchain enables trust between peers and increases transparency.

eciotified Smart Contracts provide these insurance companies with an additional, powerful tool to enforce contract conditions that regulate the transferring,
receiving and spending of digital assets. Insurance requires much more than the facilitation
of trustless payments.

eciotify offers trusted and reliable billing and payment facilitation.

 

TRANSPORT

In recent years, peer-to-peer vehicle-, bike- and ride-sharing became a reality
all over the world, thanks to impactful startups like Uber or car2go. Using Blockchain-based services, peers can form contracts to rent out their vehicles and share their purchase, usage and maintenance amongst themselves.

Using the eciotify Smart Contract technology, any company or private group can form contracts with their clients and share the usage of their vehicles amongst a wider group of peers.

Connecting the vehicle to IoT data gathering and Blockchain data-transport, eciotify enables the monetization of so far underused transportation means.

 

HEALTH

Health startups, such as Gem, use Blockchain technologies to address the existing trade-off between personalized care, operational costs and private data. Shared data and infrastructure allows them to offer real-time Health Information Exchange
between all parties, via Blockchain.

Disruptive IoT data collection and Blockchain frameworks allow for digital patient identification, which uses secured cryptography to protect patient identity.

eciotified Smart Contracts allow health organizations to connect IoT devices,
that collect patient data directly with permitted medical databases and doctors. This creates a secure contract between the two parties that regulates and documents
access to patient data.

 

 

FINTECH

Blockchain technologies reveal their most immediate business opportunities in the financial world as a tool to track and trade digital assets, bonds and stocks. FinTech startups all around the world have benefited from this. The potential is there to enable manifold

new finance structures such as micro loans and payment, pay-as-you-go and

pay-per-usage models with almost zero transaction fees.

 

Using Blockchain technology; IoT devices in containers, buildings, vehicles and energy applications can send data to databases and management tools. This data allows for precise billing systems, reduced risk and increased security.

 

The eciotify Smart Contract technology enables secure data management and payment, including the identification of the IoT device, the time and location verification and a valid contract structure.

 

CEO

HARALD ZAPP

Harald Zapp is a founder and a managing director of the Next Big Thing AG, a Berlin-based IoT company builder. Harald is the entrepreneurial drive behind eciotify. He brings his extensive marketing and technology management experience to the venture, which is going to revolutionize the Internet of Things.

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VENTURE DEVELOPER

LARA OBST

Lara is taking care of marketing and partnerships at eciotify, with a strong focus on community building, and establishing cooperations.

Lara holds a Double Master degree in “Innovation Management & Entrepreneurship” from the TU Berlin and University of Twente. Beside her studies, she worked at...

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CTO - Chief Scientist

PROF. DR.

SEBASTIAN GAJEK

Prof. Dr. Sebastian Gajek is the Chief Scientist of eciotify and Professor for cryptography and information security at the University of Applied Sciences in Flensburg. As the technology ideologist of eciotify, Sebastian is fully...

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BLOCKCHAIN SPECIALIST

MARVIN KRUSE

Marvin is a blockchain specialist at eciotify, working on the design and implementation of cryptographic smart contracts for the Economy of Things. He studied computer science with an emphasis on the theory and practice of contemporary cryptography and its application to financial technologies.

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SECURE SYSTEM ENGINEER

SASCHA THOMSEN

Sascha is a secure system engineer at eciotify, focusing on novel secure system architectures for the Internet of Things. He researches and develops innovative execution environments for safeguarding trustworthy smart contract creation on IoT devices .

Sascha holds a bachelor degree in computer science. He has...

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TRUSTED APPLICATION DEVELOPER

MATHIAS DAVIDSEN

Mathias is a trusted application developer at eciotify, focussing on the development of IoT apps on trusted execution environments. He studied Computer Science with a focus on computer and communications security where he discovered the secure-normal world paradigm.
He is a trusted computing...

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ADVISOR

TOBIAS FEDERICO

Tobias is Market Design Leader
at GridSingularity, a company developing leading Blockchain and Smart Contract technologies for decentralized energy exchange platforms. He graduated in Energy and process Engineering at the Technical University in Berlin, Germany, and has a wealth of experience...

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JOBS

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eciotify develops Blockchain-embedded IoT.

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