safeFBDC partners at Gaia-X Hackathon

Hackathon use case: “Compute-to-Data & DLT”

What is Compute-to-data?

  • without exposing any private data of any data source
  • without having a central authority that orchestrates the learning process
  • while the data owner keeps full control over their data and over algorithms that are trained on it
  • while the full process is transparent and written to an immutable audit trail

Minimal Viable Gaia-X Demonstrator — Implementation

Contributions of the “Confidential Computing” track

Synthetic Training Data and Algorithms from spotixx

  • uncover complex networks of criminal actors and organisations,
  • track the movement of illicit funds across the entire financial system, traversing multiple persons and institutions
  • detect unknown illegal activity that would be impossible to perceive looking at one bank alone

Overall and confidential computing architecture from SAP Fioneer, Deloitte Consulting and TU Darmstadt

Background: What is the safeFBDC?

Consortial leader TechQuartier

“Since data is a highly valued commodity of the digital age, we need to ensure the competitiveness of German and European companies and research institutions by giving them safe access to reliable and clean financial data. Currently, this data is being stored in individual financial silos and is not available to the innovators and thinkers who are creating new data-driven solutions for topics like climate risk management and anti-money laundering,”

Dr. Sebastian Schäfer, TechQuartier Managing Director

safeFBDC Partners involved in the Hackathon

ABOUT TECHQUARTIER

ABOUT SPOTIXX

ABOUT SAP FIONEER

ABOUT DELOITTE CONSULTING

ABOUT OCEAN PROTOCOL AND GAIA-X:

Gaia-X Federation Services

ABOUT DELTADAO:

What’s next for safeFBDC and its partners?

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TechQuartier

TechQuartier

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Frankfurt: Innovation enthusiasts. international, experienced & passionate about exploring the new & shaping the frontiers of a humanized startup society.