Tapestry Global Enterprises, LLC.

  • Project
    Blockchain Identity Management
  • Category
    Marine Industry
  • Date
    20 Nov, 2018
  • Proposal Status
    Submitted to client & under review
Image
Image

The Challenge:

Marine industry is composed of opaque monopolies such as boat manufacturers who are all working on their own lite implementation of blockchain technology. Larger manufacturers are attempting to patent everything they can in order to prevent innovation.

  • Autonomous ambitions in a very silo-like manner, without considering or planning for their boats to connect and talk to other boats, smartphones or the marine infrastructure.
  • Each company is working on their own software and hardware and not communicating with the others.
  • Barriers to building the hardware and the software for autonomous marine vehicles or even deploying them onto the water for testing.

The Solution

60% Cost Savings

We have a culturally diverse, forward thinking team.

10.5% Adoption Rate

Business strategy is the means by which it sets.

23.5% Increase in Profit & Efficiency

Make your dream come true have ideas, goals.

Image
The world is getting ready for a big revolution in transportation. The application of blockchain for far more than just ownership verification. "I see the potential for blockchain to keep track of things like accidents, warranties, registration, recalls, and other important data about the state of the boat itself.There is no doubt they are going to be transformative for our society and they will bring about a significant change in the way we travel, making transportation more secure and efficient for everyone. This information would be invaluable to boat manufacturers, lenders, insurance companies, and prospective buyers. I think there is little doubt that blockchain and the potential it holds will completely transform the boating world and not only redefine business but the entire economy as well.
  • Real-time processing: The process becomes more eased and automated as the exchange of information requires some minutes instead of week-long mailings.
  • Security: Except from the fact that formation is encrypted, blockchain shall not allow any
  • modifications in the stored information which eliminates frauds related to documentation.
  • Transparency: With their access key, every party has access to the whole of the transaction information, which boosts transparency and facilitates risk assessment for the involved parties.
  • Accuracy: Automation of the process means zero errors when compared to human
  • involvement.
  • Cost-saving: The complexity of traditional procedures, including potential

Under Tapestry’s proposed project, documents, such as certificates of origin, etc, would be transferred via blockchain technology and the document flow is automated by means of Smart Contract engines.

Today’s marine industry is composed of opaque monopolies such as boat manufacturers who are all working on their own lite implementation of blockchain technology, specifically the part that controls how a boat operates, communicat<br />es and maintenance schedules . These larger manufacturers are attempting to patent everything they can in order to prevent innovation and secure a long term market advantage. They are even expanding on their autonomous ambitions in a very silo-like manner, without considering or planning for their boats to connect and talk to other boats, smartphones or the marine infrastructure.

Everyone, from boat and shipping manufacturers to Maersk, Evergreen and everyone else in between, are working on their own software and hardware and not communicating with the others. They’re not sharing data and learning from each-other. There’s the considerations of autonomy and how it interacts with the entire marine ecosystem of how to prevent the mistakes from the Uber fatal crash involving a self-driving vehicle. How to you compile all that data from which they will learn, fix their software and come out saying “we’ve got a much better solution because of the hard lessons we’ve learned”.

Problem is most likely, like with Uber, boating and shipping manufacturers probably won’t be sharing their conclusions with anyone else. Maersk or Evergreen will likely have to go through the same scenarios on the sea (hopefully not real-life fatal accidents, but that’s also likely) to see what lessons they can learn and how to improve their software. This, we find, is ridiculous. These companies are literally risking our lives because they are unable to collaborate on the most basic of things: safety.

There are huge barriers to building the hardware and the software for autonomous marine vehicles or even deploying them onto the water for testing. Only a few companies can afford this right now and they are all taking a very monopolistic approach in rolling their products onto the market. They are centralizing power through patents, and attempting to stop others from innovating and aiming to control the data and market. A look at the patents filed by these companies in recent months paints an ugly picture: it’s an arms race for patents, building barriers of entry for other companies. Centralization leads to misuse of user data, to abuse by charging more just because they can, to differential treatment because they know who you are and where you live.

Decentralization

We believe in the exact opposite: decentralization. Allow all boats, ships and other marine vehicles, from whatever manufacturer communicate with one-another, to learn, to alert each other, to move out of the way of an upcoming hazard in time or move themselves out of the area if pirates/smugglers have been reported by other boats/ships as they wait for the Coast Guard to come. We believe in open- source code and allowing other developers to build on top of our platform and have the community decide which software is best for them and their boats and or ships.

To facilitate the next phase in the boating/shipping industry, we need a fast, secure and scalable
blockchain platform. This is why we are developing Tapestry IO Core; a fully decentralized and open source blockchain. The Tapestry IO Core is designed with a focus on scalability. Transactions can be processed in parallel, decreasing block creation and validation time.

To guarantee the speed and quality of the Tapestry IO Core blockchain, Tapestry IO Core is a
permissioned blockchain that builds and runs a trustworthy environment for smart contract execution. Tapestry IO Core is open for all mobility related projects. Tapestry IO Core is a platform that not only ensures security and transaction finality, but also increases efficiency through the use of nodes within name-spaces.

The Tapestry IO Core is based off of three different Blockchains: Consortium blockchains, Semi-private blockchains and Private blockchains so that the OpenCog AI can determine ACL/IAM. To learn more about this solution and to recieve our white paper on this solution, please email Michael Weaver at This email address is being protected from spambots. You need JavaScript enabled to view it. or call us at 1 307-733-1644.