Riddle&Code ignites the fourth industrial revolution by easily onboarding any machine onto Web3

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Vien­na, Aus­tria, 2nd Novem­ber, 2022, Chainwire

Riddle&Code, one of Austria’s fastest-grow­ing star­tups, has estab­lished a new path of dig­i­tal­iza­tion for indus­tri­al com­pa­nies with its evolved pur­pose – onboard­ing indus­tries to Web3. For many indus­tri­al com­pa­nies it is chal­leng­ing to tran­si­tion into the new stan­dards and find their way in the Web3 uni­verse, often delay­ing entry into new poten­tial busi­ness mod­els. With this new tech­nol­o­gy from Riddle&Code, it is pos­si­ble to tok­enize indus­tri­al machines, cre­ate new crowd­fund­ing oppor­tu­ni­ties, and pro­vide trust­ed data.

To meet this ambi­tious pur­pose, the com­pa­ny has now launched pro­grams to help enter­pris­es and trail­blaz­ing devel­op­ers alike cap­i­tal­ize on their own inno­va­tion. Called HW-03 Enter­prise and HW-03 Com­mu­ni­ty, the two pro­grams from Riddle&Code focus on hard­ware wal­let adop­tion that will accel­er­ate not only Web3 knowl­edge but also cre­ate new busi­ness oppor­tu­ni­ties for a sus­tain­able future.

Not every blockchain is suitable 

Since its incor­po­ra­tion in 2016, Riddle&Code has been devel­op­ing blockchain solu­tions for var­i­ous indus­tri­al sec­tors, main­ly ener­gy pro­duc­tion and elec­tric vehi­cle man­u­fac­tur­ing. Work­ing with such com­pa­nies as Wien Energie, Deutsche Telekom and Daim­ler Mobil­i­ty, the team at Riddle&Code knows that not every blockchain has the nec­es­sary fea­tures to meet the spe­cif­ic needs of each indus­try. In order to push its clients into the fourth indus­tri­al age, Riddle&Code has enabled the launch of the RDDL Net­work, a blockchain-based pro­to­col tai­lor-made for secu­ri­ty, scal­a­bil­i­ty and decen­tral­i­sa­tion in the ener­gy sys­tems sec­tor. The HW-03 pro­grams are built around usage of the RDDL Net­work, and require a phys­i­cal con­nec­tion via hard­ware wallets.

“The long expe­ri­ence in the field of cryp­to­graph­ic encryp­tion on spe­cial hard­ware has inspired us to find a suit­able solu­tion for the indus­tri­al sec­tor” says Riddle&Code’s founder Tom Fürst­ner, who recent­ly released the whitepa­per of the RDDL Net­work.

The RDDL Net­work uti­lizes a unique con­sen­sus mech­a­nism called “Proof-of-Pro­duc­tiv­i­ty”, which makes machines tam­per-proof and enables a new kind of trust and trace­abil­i­ty for the gen­er­at­ed machine data. With a cryp­to­graph­ic hard­ware wal­let con­nect­ed to a machine, the machine turns into a decen­tralised iden­ti­fi­er on the net­work – an Indus­tri­al Machine NFT. There­fore, the machine itself becomes a part of the net­work. In the upcom­ing years, Riddle&Code antic­i­pates over 50 mil­lion machines oper­at­ing as nodes on the RDDL Net­work, pow­er­ing the ener­gy sec­tor of the future.

About Riddle&Code 

Riddle&Code is a prod­uct-led ser­vices com­pa­ny spe­cial­is­ing in onboard­ing indus­tries to Web3. The com­pa­ny is the main dri­ver for a world of inter­con­nect­ed token economies by enabling sus­tain­able, green, and resilient machine indus­tries. Riddle&Code offers var­i­ous solu­tions to tai­lor indus­try-spe­cif­ic hard­ware wal­lets and Soft­ware-as-a-Ser­vice Prod­ucts to build on decen­tralised blockchains, main­ly con­tribut­ing to the RDDL Net­work blockchain protocol.

More infor­ma­tion: www.riddleandcode.com / www.rddl.io

Media con­tact: Chris­tiane Rinke

Contact

Head of Mar­ket­ing, Chris­tiane Rinke, Riddle&Code GmbH, [email pro­tect­ed]

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