Home » Partnership for Economic Innovation Secures Funding for Next Arizona Blockchain Applied Research Center Cohort

Partnership for Economic Innovation Secures Funding for Next Arizona Blockchain Applied Research Center Cohort

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MetaXFashion and DASH Join AZ BARC to Solve Metaverse Supply Chain and Digital Storage Challenges with $400K State Matching Fund

MetaXFashion and DASH Join AZ BARC to Solve Metaverse Supply Chain and Digital Storage Challenges with $400K State Matching Fund

Through the Arizona Blockchain Applied Research Center, we aim to put Arizona at the forefront of technological advancement and grow Arizona’s tech workforce. “

— Kathleen Lee, Director of Applied Research, PEI

Phoenix, Arizona, USA, October 27, 2022 /EIN Presswire.com/ — of Partnership for economic innovationa passionate group of business and community leaders dedicated to accelerating economic opportunity in Arizona, and Arizona Blockchain Applied Research Center (AZ BARC) has been awarded $400,000 state-allocated funding from the Arizona Department of Commerce to research new applications for blockchain technology. The funding will support the newest member of AZ BARC and his research projects, MetaXFashion and DASH, in addition to data exchange projects leveraging commitments from his existing AZ BARC members.

Blockchain, a distributed ledger technology that tracks ownership of digital assets, is gaining popularity as a practical application in the financial and creative industries. Through AZ BARC, new industry partners MetaXFashion, DASH, and university researchers from Arizona State University collaborated to explore new applications of supply chain technology and blockchain for brands entering the Metaverse, increasing the transaction throughput of the DASH network. improve.

“Through the Arizona Blockchain Applied Research Center, we aim to put Arizona at the forefront of technological advancement and grow Arizona’s tech workforce,” said Kathleen Lee, director of applied research at Partnership for Economic Innovation. I’m here. “We thank the Arizona State Legislature and the Arizona Department of Commerce for providing these important resources so that leading blockchain researchers can further foster innovation and sustainability within the Arizona economy. I will be able to help.”

For MetaXFashion, AZ BARC bridges the physical and virtual worlds with the goal of creating a sustainable NFT marketplace and mint ecosystem on the Algorand blockchain where fashion designers, consumers and products can interact. Explore supply chain solutions for The AZ BARC team uses QR codes, RFID (Radio Frequency Identification), and NFC (Near Field Contact – smartphone touchscreens) to enable transparent tracking of activity in the fashion metaverse.

The DASH project will study how blockchain-based aggregate signature solutions can improve platform performance and efficiency. In this work, we also develop an optimization method by investigating and analyzing the performance of existing signatures.

The Data Exchange project will create a platform that allows IoT system providers to create ad-hoc challenges for IoT devices. The end-user can access and “solve” issues, thus getting her own IoT data stream. These data streams are provided by the Open Data Marketplace. Internet of Things (IoT) systems are being integrated into all segments of daily life, from smartphones and wearables to smart home/building systems and smart cities, and IoT systems are addressing various smart sensing and automation challenges. doing. This project develops solutions and services in the data portability area that address issues such as data compatibility and interoperability, data sovereignty, data transparency, security and privacy.

State funding awarded by the Arizona Commerce Authority will be used to research and validate the technical applications of each of these projects. Once the research and validation phase is complete, AZ BARC assists each project in the next step of deploying the technology for practical use by industry leaders and the public.

“The MetaXFashion and DASH blockchain projects represent AZ BARC’s commitment to pave the way for innovative advancements that will shape the technological landscape of Arizona,” said Dragan Boscovich, Research Director at AZ BARC. increase. “We look forward to adding them to our portfolio of blockchain research projects.”

AZ BARC follows a consortium model as its research is guided by industry needs. AZ BARC is a public-private partnership funded by member companies, the Partnership for Economic Innovation, and grants provided by the Arizona Legislature through the Arizona Department of Commerce. Member companies provide annual funding through dues determined annually. Other members of AZ BARC include Intel Corporation, Kudelski Security, Early Warning Services, LLC, BD and Movemedical. For more information about AZ BARC and membership options, please visit azbarc.org.

Erica Featherston
10 to 1 PR
email here

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