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
christiane.rinke@riddleandcode.com

You May Also Like

MSBFUND Fully Integrates Leading Risk Control Systems, Creating the World’s Strongest On-Chain Compliance Firewall

Leading global compliant digital asset trading platform MSBFUND has announced the completion…
Noft Games

Noft Games Report the Security Check Completion and Announce Bug Bounty Contest Opening

Noft Games, a play-to-earn browser game powered by Binance Smart Chain, has…

PotionLabs Closes Sales Of $12M From Key DeFi Players Ahead Of Novel NFT Game ‘Potion Unlock’

Potion Unlock, a novel release model for decentralized Protocols registered sales of…

SpaceofApes Unraveling the New AI-Powered SpaceofApes Token During ItsPre-Sale Launch

The crypto world is exciting as the SpaceofApes Token takes center stage…

Freename Launches .etherlink Domain for Next-Gen Web3 Identity

Freename, the leading multi-chain Web3 namespace platform, has integrated with Etherlink, a Layer…

Earn Alliance Launches Magic Muffins Telegram Game

$ALLY TGE Slated for October 10, 2024 Download Images Here Watch the trailer HERE…

KIP Protocol Partners with Open Campus to Launch Open Campus U, Transforming Education Through Decentralized AI

KIP Protocol, a leading innovator in blockchain technology, proudly announces its partnership…

Red Pill Studio Announces Private Round for TrainCraft Game

Following the positive reception of the in-development Metaverse game Chimeras, RedPill Studio…

Tectum Joins the Dubai AI and Web3 Festival 2024

Tectum invites every crypto and tech enthusiast to the Dubai AI and…

United-CFX Integrates AI Defense Layer to Protect Client Portfolios 24/7

In a bold move that further solidifies its position as a leader…