Can you tell us a bit about your company and its core mission?
Sidroco Holdings Ltd is an innovative SME dedicated to research, development, and technological advancement. Our mission is to design and implement cutting-edge products, frameworks, and tools, integrating techno-economic market analysis to drive innovation and operational efficiency. We actively contribute to European initiatives such as Horizon Europe, Horizon 2020, and Erasmus+, specializing in cybersecurity, smart grids, artificial intelligence (AI), the Internet of Things (IoT), and blockchain.
Can you describe any unique contributions or innovations your company has brought to the project?
As part of the TRACE project, Sidroco plays a key role in deploying smart contracts and implementing dynamic NFTs on the Algorand blockchain. These technologies enable secure, transparent tracking of logistics transactions within the supply chain. Additionally, we integrate advanced encryption techniques to protect sensitive logistics data, ensuring robust security and compliance.
What are some of the key challenges you foresee in the project, and how do you plan to address them?
One of the main challenges is determining the scope of data that logistics companies are willing to share, particularly when dealing with sensitive or personal information. To address this, Sidroco is implementing strong encryption and decryption mechanisms, ensuring data protection while maintaining compliance with regulatory standards.
How has the collaboration with other partners in the TRACE project been so far?
Our collaboration with TRACE project partners has been highly productive. We have established strong communication channels and a cooperative working environment, fostering knowledge exchange and driving innovative problem-solving.
In your opinion, what are the most important values that TRACE embodies?
The TRACE project is built on the principles of transparency, reliability, and innovation. By leveraging disruptive logistics technologies, it enhances transaction security and efficiency, ultimately optimizing supply chain operations.
What new opportunities do you believe TRACE will open up for your company?
Through the TRACE project, Sidroco is positioned to expand its expertise in blockchain-based logistics and supply chain management. This initiative will enable us to explore new markets and further develop secure, transparent transaction solutions for various industries.
What personally excites you the most about TRACE?
We are excited about TRACE’s potential to revolutionize the logistics industry by enhancing transparency, efficiency, and sustainability. Through close collaboration with our consortium partners, we are developing innovative, flexible, and industry-specific solutions that will drive meaningful progress in the field.
