Blackpin Chooses IOTA Tangle as Strategic Underlying DLT Tech for its B2B Communication and Transaction Platform
The encouragement to work in a flexible remote manner has greatly increased over the past months. Where on-site meetings were formerly seen as a main driver for trust and collaboration, and thus value creation, a new paradigm change to collaborate remotely has been proven effective and is quickly finding its part in new collaboration models.
By building a secure digital service platform for the European market, based on its GDPR/DSGVO-compliant mobile messenger, Blackpin brings together collaborators and individuals among the value chain of businesses by providing a secure and european B2B messenger alternative for digital services. Whereas corporate messaging systems are mainly focused on an internal collaboration, Blackpin works as a B2B service platform to facilitate data and information exchange, while providing the underlying solution for legally binding contracts and billing. For example to pay for legal advice per minute, based on geo-information, or facilitate a payment directly with a service provider. This reduces friction and the process overhead, providing time and cost savings for all parties involved.
We are excited to announce that with its scalable design and focus on data immutability IOTA will provide the underlying basis for Blackpin, to enable a secure data exchange, storing contractual audit relevant information. IOTA’s growing ecosystem and functionalities like Digital Identity, Smart Contracts, Digital Asset Management and Micropayments provide a digital trust infrastructure which cater to Blackpins different requirements, all integrated from within one open source technology. Especially the fundamentally different design and zero-transaction-costs is a primary factor to utilize the public infrastructure without the financial, legal and regulatory aspects for companies to acquire and manage Cryptocurrency. IOTA thus mitigates the bottlenecks of traditional blockchain technology.
"Indeed, we still have a lot to do. Similar to WeChat in China in the C2C area, our technology in the B2B area should be used throughout Europe if possible," says Sandra Jörg, CEO of Blackpin, pointing to the future. "We are therefore all the more pleased that we were able to win two such strong partners for this project. With Tobias Schmailzl as the new CTO at Blackpin, we have a very experienced and visionary expert on board, so we are perfectly positioned to make our vision a reality together. We are very much looking forward to future cooperation.”
Dominik Schiener, co-founder of IOTA, confirms: "For the realization of these digital workflows, we are the right choice with our open source solution for such an innovative, technologically sophisticated and future-oriented project. We see Blackpin as the perfect front-end to enable millions of users to access our technology. That's why we want to take on this challenge together as partners to build a solution for agile working of the future - independent of place and time, in a digital world of tomorrow."
"IOTA as a technology partner makes complete sense to us," says Tobias Schmailzl, CTO at Blackpin and Managing Director of PlanB. "With its decentralized payment system and other features based on distributed ledger technology (similar to Blockchain), this technology has the best prerequisites for a long-term strategic partnership. After all, IOTA is the optimal solution for secure communication and payment between humans and machines in the context of (i)IoT issues".
Holger Köther from the IOTA Foundation illustrates: "The partnership is very exciting for us. Data integration and collaboration are two of Blackpin's key features to bring together multiple players in a value chain, who can work and transact together in an agile way which fits their business best. Blackpin thus enables new types of business models and collaborations, legally compliant documentation and accurate accounting between a wide range of parties, based on IOTA’s secure and open source technology.
Chris Müller, the host of HelloIOTA, who regularly summarizes IOTA’s weekly developments in an entertaining YouTube format also took the opportunity and met Blackpin, PlanB. and the IOTA Foundation in Aalen in person for a HelloIOTA special on the partnership:
Blackpin was founded in 2016 by 7 shareholders and built a secure DSGVO-compliant messenger in the last 4 years, which is market ready since 2020. Based on this technology, the next strategic step is to create a digital transaction platform for agile working in the future. This will enable companies in the B2B sector to communicate and conduct business with their employees, customers, or partners. Blackpin has its office in the Innovation Center Aalen. The team size is 28 and over 20 beta testers are already using the messenger. Blackpin won the Innovation Award Ostwürttemberg in 2020 and was a Top 10 Cyberone Award finalist. Minister President for Digitalization Thomas Strobel recently named Blackpin as the lighthouse startup of Baden-Württemberg.
PlanB. was founded in 2007 and sees itself as a co-innovation partner for digital product engineering. With over 130 software professionals, PlanB. develops innovative solutions in areas like Industry 4.0, Artificial Intelligence or New Working Methods together with its customers. Thereby, PlanB. not only focuses on the innovative software solution in itself but also on the digital transformation of the customer.
About IOTA Foundation
IOTA is a global not-for-profit foundation incorporated and headquartered in Germany. The IOTA Foundation's mission is to support the research and development of new distributed ledger technologies (DLT), including the IOTA Tangle. The Foundation encourages the education and adoption of distributed ledger technologies through the creation of ecosystems and the standardization of these new protocols.
The IOTA Tangle moves beyond blockchain by providing the world's first scalable, feeless, and decentralized distributed ledger technology. The Tangle uses its own unique technology to solve three fundamental problems with blockchain technology: high fees, scaling, and centralization. It is an open-source protocol connecting the human economy with the machine economy by facilitating novel Machine-to-Machine (M2M) interactions, including secure data transfer, fee-less micropayments, and secure access control for devices.
Visit www.iota.org for more information.