Big Spanish Companies create Alastria, to develop Blockchain in Spain
The main banking, energy, telecommunications and professional services companies, among which it is Grant Thornton, have created Alastria, the world’s first multisector regulated network based in Blockchain. This non-profit consortium was presented simultaneously in Madrid, Barcelona, Bilbao, Valencia and Málaga. It will develop Distributed Ledger Technology, which is said to be the future data exchange ecosystem, that will allow and accelerate digitalization in different industrial and business sectors in the following years, thanks to its agility, veracity, security and efficiency.
The Alastria consortium is born to accelerate the creation of digital ecosystems setting up a common collaborative platform: Alastria Network. From the day of its creation, the consortium includes nearly 70 of the biggest companies and institutions, from different sectors.
Additionally, between its founding members there are lawyers and notaries that will take care of the security and veracity of the information through identification of the participating people and companies. In fact, Digital ID will be the main focus of Alastria from the beginning through the digital identity standard “ID Alastria”, that will allow citizens to take control of their personal information in a transparent way, following the European Union Directives.
Alastria is a platform open to new companies, startups, SMEs, big corporations, universities and other actors from all the sectors in Spain. Those interested in joining the consortium, can access more information in alastria.io or send an email to email@example.com.
Alastria network will constitutes a shared platform over which the different participants and, more precisely, Big companies, will be able to create digital representation of the asset they work with in their usual economic activity, also called “tokens”. With these “tokens” is possible to develop new innovative products and services, and to develop the current process in a more agile, secure and efficient way. This way, the network allows to accelerate digitalization of the current processes and offers an efficient multi-sectorial innovation collaborative paradigm.
Alastria’s objective is to transcend the business field and has held meeting with representatives of regulators and Public Administrations, that have expressed their interest in collaborating with the consortium. In that sense, Alastria has requested to collaborate with public bodies and monitor services currently under study and analysis. To promote the knowledge and adoption of the platform, Alastria is organizing conferences targeted to Public Administrations.
Additionally, the development of the platform will not stop in the inclusion of new members, but also in the development of the Blockchain technology, that will be open source. This way, Alastria will make contacts and resources available to the community, allowing the ecosystem to grow and increasing its potential benefits to more companies and users.
Beyond companies, Public Administration, Regulators and Developers, the consortium will play an important role in the Academic Community and the Universities. Several agreements have been already signed with renowned institutions and Universities. The objective is to establish agreements to promote investigation, experimentation and training.
Julio Faura, Chairman of Alastria, said: “It is not simple that such a high number of companies this relevant decide to bet together in a project from day one. This proves the incredible potential that both the technology and the consortium have”. In this line, he added: “We should feel proud that a pioneer and unprecedented project has born in Spain, which places our country’s industries at the avant-garde of digitalization”.
For its part, Alex Puig, CEO of Alastria, pointed out: «Blockchain has the potential to become the biggest breakthrough in the way we share any digital element in history, may it be a document, a service, an event ticket or even money”. In this sense, he insisted that the creation of the consortium was necessary because “Internet is reinventing itself so we can share and make business in a verified and secure way, but it needs a standard that allow all industries and developers to work with the same base”.
¿What is Blockchain?
Blockchain technology, born in 2009, represents an evolution of the network communications currently known. Internet and the world wide web have transformed our lives over decades. Information has never been so immediate and accessible. Nevertheless, the system is not perfect, and it lacks data reliability, security and verification from those who participate in the communication.
Blockchain or Distributes Ledger Technology Blockchain ir probably the most disruptive technology since the creation of internet, and could transform industries and decentralize trust, generating a goods and services exchange system without the need of third parties. This could be made possible because the information that will travel through the shared ledger records will be verified, as the ones that participate in the transaction.
La información presente en esta tecnología se introduce mediante un registro inalterable (garantizado mediante criptografía), que se replica en todos los participantes, mediante un protocolo de comunicaciones estándar, y que es accesible a todos ellos, lo que elimina la necesidad de acuses de recibo y conciliaciones. Con ello permite a los participantes ofrecer y recibir servicios con eficacia legal en el ámbito español y acorde con la regulación europea.
Specifically, Alastria network, semipublic-permissioned Blockchain, is formed by nodes
-computers hosted by different network members – and provides with distributed ledger shared services. This way the members of the network will be able to develop services and products inside Alastria with total security and trust. The fact that each member’s digital identity is certified and guaranteed allows to use the Smart contracts technology, over which services can be offered and applications can be created and used in a transversal environment, with full legal guarantees in Spain.
Board of Directors.
Alastria consortium was born in 2017 for the creation of a regulated Blockchain platform in Spain (Alastria Network) and to create an ecosystem that allows to validate basic services, create and used applications in a transversal environment, with full legal guarantees in Spain. The 70 biggest companies and institutions of sectors such as banking, energy, telecommunications, and others, are part of this network, also open to developers. It is also open to future Startups, SMEs or Big Companies to become members that could join the network in the future.