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Secure Networks & Computing INNOVATION
Toolkit for flexible consensus in Hyperledger Fabric
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Market Maturity: Exploring
These are innovations that are actively exploring value creation opportunities. Learn more
Market Creation Potential
This innovation was assessed by the JRC’s Market Creation Potential indicator framework as having a Moderate” level of Market Creation Potential. Only innovations that are showing multiple signals of market creation potential are assigned a value under this indicator system. Learn more
Women-led innovation
A woman had a leadership role in developing this innovation in at least one of the Key Innovator organisations listed below.
Go to Market needs
Needs that, if addressed, can increase the chances this innovation gets to (or closer to) the market incude:
  • Prepare for Market entry
  • Scale-up market opportunities
Location of Key Innovators developing this innovation
Key Innovators
UN Sustainable Development Goals(SDG)
This innovation contributes to the following SDG(s)
SUSTAINABLE DEVELOPMENT GOAL 16
Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels

The UN explains: "Goal 16 of the Sustainable Development Goals is dedicated to the promotion of peaceful and inclusive societies for sustainable development, the provision of access to justice for all, and building effective, accountable institutions at all levels."

The EU-funded Research Project
This innovation was developed under the Horizon 2020 project PRIViLEDGE with an end date of 30/06/2021
  • Read more about this project on CORDIS
Description of Project PRIViLEDGE
Blockchain and distributed ledger technologies (DLTs) have emerged as one of the most revolutionary developments in recent years, with the goal of eliminating centralised intermediaries and installing distributed trusted services. They facilitate trustworthy trades and exchanges over the Internet, power cryptocurrencies, ensure transparency for documents, and much more. Although based on cryptographic techniques at their core, the currently deployed DLTs do not address privacy. Indeed, the very idea of a public ledger that stores a verifiable record of transactions at first appears inherently incompatible with the privacy requirements of many potential applications, which use sensitive data such as trade secrets and personal information. New cryptographic techniques and protocols are therefore needed to protect the data, facilitate these applications, and make DLTs deliver on their promises. PRIViLEDGE realises cryptographic protocols supporting privacy, anonymity, and efficient decentralised consensus for DLTs. In PRIViLEDGE, several European key players in cryptographic research and from the fintech and blockchain domains unite to push the limits of cryptographic protocols for privacy and security. Results from PRIViLEDGE are demonstrated through four ledger-based solutions: (1) verifiable online voting; (2) contract validation and execution for insurance; (3) university diploma record ledger; and (4) update mechanism for stake-based ledgers. The selected use cases are diverse and represent the principal application domains of DLT; this ensures wide reach and impact of the techniques developed in PRIViLEDGE beyond the immediate scope of the project.

Innnovation Radar's analysis of this innovation is based on data collected on 23/09/2021.
The unique id of this innovation in the European Commission's IT systems is: 101822