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EU funding (€4,182,154): IOT- & Blockchain-Enabled Security Framework for New Generation Critical Cyber-Physical Systems In Finance Sector Hor3 May 2019 EU Research and Innovation programme "Horizon"
Overview
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IOT- & Blockchain-Enabled Security Framework for New Generation Critical Cyber-Physical Systems In Finance Sector
Irregular and unaccountable transactions, cyber threats, non-user-friendly inefficient or impractical banking processes, complex contracting procedures and cumbersome financial market and insurance infrastructures constitute obstacles to European open market development. CRITICAL-CHAINS delivers a novel triangular accountability model and integrated framework supporting accountable, effective, accessible, fast, secure and privacy-preserving financial contracts and transactions to protect against illicit tranasctions, illegal money trafficking and fraud on FinTech e-operations. This is an innovative cloud-based “X-as-a Service” solution stack including several layers: 1) Data integrity checking by involving financial institutions in the distributed Blockchain network; 2) Transaction and financial data flows analytrics, modelling and mining; 3) Threat Intelligence & Predictive Modelling for Inter-Banks and Internet Banking, insurnace and financial market infrastructures; 4) Multilateral Biometric-based and Role-based Authorisation & Authentication; 5) Hardware Security Module (HSM) enabled Cyber-Physical Security, embedded systems & IoT security for secure access using Security-Privacy-Contexts Semantic Modelling; 6) Secure and smart use of Blockchain based on keyless signature infrastructure and hybrid (a)symmetric cryptography utilising truly random key generation. CRITICAL-CHAINS is to be validated within 4 case studies aligned with 3 critical sectors: banking, financial market infrastructures and the insurance sector. This will evaluate system reliability, usability, user-acceptance, social, privacy, ethical, environmental and legal compliance by scrutiny of the geo-political and legal framework bridging the European economy with the rest of the world. The Consortium respresents a strong chemistry of relevant expertise and an inclusive set of stakeholders comprising end-users (customers), CERTS, the financial sector (Banks & CCPs) and the Insurance sector
Funded Companies:
| Company name | Funding amount |
| Commissariat a L Energie Atomique et aux Energies Alternatives | €372,445 |
| Ergunler Insaat Petrol Urunleri Otomotiv Tekstil Madencilik Su Urunler Sanayi VE Ticaret Ltd. STI | €332,106 |
| EY Advisory S.p.A. | €415,625 |
| Fraunhofer Gesellschaft ZUR Forderung DER Angewandten Forschung e. V. | €503,500 |
| Guardtime OÜ | €234,397 |
| Indra Factoria Tecnologica SL | €0.00 |
| Indra Sistemas SA | €222,250 |
| Joanneum Research Forschungsgesellschaft mbH | €453,750 |
| Netas Telekomunikasyon Anonim Sirketi | €223,956 |
| Poste Italiane - S.p.A. | €249,375 |
| Rina Consulting S.p.A. | €196,875 |
| Stichting Imec Nederland | €281,250 |
| The University of Reading | €696,625 |
Source: https://cordis.europa.eu/project/id/833326
The filing refers to a past date, and does not necessarily reflect the current state.
