BlockTac has been awarded a € 250.000 grant from the NEOTEC Program to further develop its Blockchain technology to extend it into the realm of the Internet of Things.
The Project, codenamed “Blockchain of Things – BoT”, is aimed to develop a family of disposable, cheap, autonomous hardware devices that automatically grabs data from the real world and stores it in a public or private Blockchain.
In this way, two of the most advanced technological fields arising today (Blockchain and IoT) will become linked, allowing so the use of Artificial Intelligence tools to analyze the patterns. The devices will permit the use of different types of configuration profiles, depending on the origin of the data, frequency, maximum cost-of-operation and other parameters.
Blockchain of Things – BoT from BlockTac becomes the missing link between Blockchain, IoT and AI. The extensive experience of BlockTac with Blockchain technologies, and the success proved in the management of massive amounts of data inside blockchains has been a major consideration in this grant.
BlockTac is a Spanish startup company founded in 2018 with an impressive track record and growth in the use of Blockchain in Fast-Moving Consumer Goods (FMCG) industries. In its less than two years of life, this company has been awarded with a Horizon 2020 from the UE, diverse prizes and distintions (Cuatrecasas Acelera, Startup Expansion, Expoliva, Shenzhen Innovation & Entrepreneurship International Competition) and has appeared in numerous events (MWC Barcelona, MWC Los Angeles, Brand & Retail Experience World Congress, Istambul Fintech Week and others).
BlockTac has been accelerated by Cuatrecasas, a leading Spanish Law firm, and is currently running its first public funding round in the UK, through Crowdcube.
BlockTac relies on Blockchain technology to provide inviolability, immutability and open verification for all its digital certificates and seals. It is founded on experienced professionals in Internet technologies and management. Our customers include Universities, Business Schools, Professional Associations, food and consumer product companies in Europe and Latin America.