Vienna, Austria, November 2, 2022, Chainwire

Riddle&Code, one of the fastest growing start-ups in Austria, has set a new digitalization path for industrial companies with its purpose evolved: incorporating industries to Web3. Transitioning to new standards and finding their way into the Web3 universe is a challenge for many industrial companies, often delaying entry into potential new business models. With this new technology from Riddle&Code, it is possible to tokenize industrial machines, create new crowdfunding opportunities and provide reliable data.

To meet this ambitious goal, the company has now launched programs to help early-stage companies and developers capitalize on their own innovation. I call Company HW-03 Y Community HW-03Riddle&Code’s two programs focus on the adoption of hardware wallets that will accelerate not only Web3 awareness, but also create new business opportunities for a sustainable future.

Not all blockchains are suitable

Since its incorporation in 2016, Riddle&Code has been developing blockchain solutions for various industrial sectors, mainly energy production and electric vehicle manufacturing. Working with companies like Wien Energie, Deutsche Telekom, and Daimler Mobility, the Riddle&Code team knows that not all blockchains have the necessary features to meet the specific needs of each industry. To bring its clients into the fourth industrial age, Riddle&Code has enabled the launch of the RDDL Network, a blockchain-based protocol tailor-made for security, scalability and decentralization in the energy systems sector. HW-03 programs are based on the use of the RDDL Networkand require a physical connection through hardware wallets.

“Long experience in the field of cryptographic encryption on special hardware has inspired us to find a suitable solution for the industrial sector,” says Riddle&Code founder Tom Fürstner, who recently published the RDDL Network whitepaper.

The RDDL network uses a unique consensus mechanism called “Productivity test”, which makes machines tamper-proof and enables a new kind of trust and traceability for machine-generated data. With a cryptographic hardware wallet attached to a machine, the machine becomes a decentralized token on the network: an industrial NFT machine. Therefore, the machine itself becomes part of the network. In the coming years, Riddle&Code anticipates more than 50 million machines operating as nodes in the RDDL Network, driving the energy sector of the future.

About Riddle&Code

Riddle&Code is a product-based service company that specializes in bringing industries to Web3. The company is the leading driver of a world of interconnected token economies by enabling sustainable, green and resilient machine industries. Riddle&Code offers several solutions to customize industry-specific hardware wallets and Software-Products as a service to build on decentralized blockchains, mainly contributing to the RDDL network blockchain protocol.

More information: www.riddleandcode.com / www.rddl.io

Media contact: Christiane Rinke

Contact

Marketing Manager
Christiane Rinke
Riddle&Code GmbH
christiane.rinke@riddleandcode.com