Blockchain-assisted Device as a Service (DaaS)

The scientific paper titled Blockchain-assisted Device as Service (DaaS), co-authored by André Santos and Diogo Meneses (Softi9) and Maria C. Tavares, Rui P. Mendonça and António Pinto (CRACS and INESC TEC), published in the “6th International Congress on Blockchain and Applications”, which took place in Salamanca, Spain, spanning from the 26th to the 28th of June 2024, won the prize for the best scientific paper at this event.

Blockchain is a technology which allows for the creation of immutable ledgers, enabling safe transactions and records across a peer-to-peer (P2P) network, thus decentralizing information, eliminating the need for third parties to be involved in the data verification process. Blockchain accomplishes this by coding information into “blocks”, so that every new “block” of information added is encrypted with a code based on the previous block. This process keeps all data chronologically ordered and linked through their own code, creating the “chain” of information. 

Manipulation of information in this technology is unfeasible as attempts to do so would result in entirely new blocks of information, making it easy for other peers to quickly detect the anomaly and reject said unauthorized data.

Blockchain technology as a field is growing exponentially, present in many different sectors such as cybersecurity, banking, healthcare, logistics and smart contracts.

With that in mind, integration of Blockchain technology was a natural step in the constant evolution of CUCo Security Suite. Currently, CUCo Security Suite implements smart contracts as a way of verifying rule compliance between different parties more effectively and safely. Smart contracts work by storing the contract information on a blockchain, decentralizing it and making it readily available for consultation of all parties without the risk of tampering. Smart contracts, simultaneously, verify if all parties are in compliance with the predetermined conditions, guaranteeing business safety to all parties involved. In sum, smart contracts can independently verify if a contract is being honored.

Softi9’s permanent investment in its Research and Development (R&D) allows for the creation and perfecting of our products, making them more valuable for our clients and helping us to better position ourselves in the market compared to our competition. This is further proven by continuous recognition, through scientific papers and patents, like the aforementioned.