Siemens to embed blockchain for energy device security
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Siemens Cre8Ventures is partnering with Minima blockchain for its digital twin marketplace for security and sovereignty goals for energy sector startups.
Minima is a decentralised layer 1 blockchain for embedded systems that enables IoT equipment to run a full node to provide fully decentralised security and trustless verification for a range of markets.
The partnership with Siemens Cre8Ventures is planned to bring AI capabilities, data integrity and decentralised trust mechanisms to its digital twin marketplace to address critical unmet needs in energy and in other sectors including robotics, automotive and healthcare equipment, according to a statement.
The Siemens Cre8Ventures digital twin marketplace is designed to help startups advance from lab-based innovations to proof-of-concept and beyond in real-world applications by simulating the entire development process in a virtual environment.
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“This partnership not only strengthens industry-specific security solutions but also supports the sovereignty goals of the EU Chips Act, ensuring European technology independence and leadership in next-generation digital ecosystems,” writes Carson Bradbury, Director – EU Chips Act and co-founder of Cre8Ventures, in a blog post announcing the initiative.
“We are thrilled to embark on this journey with Minima and look forward to shaping the future of secure, data-driven ecosystems across Europe.”
To kickstart the collaboration, Siemens Cre8Ventures intends to conduct an exclusive interview with Minima’s leadership team and to start building reference architectures for security across the energy and other sectors.
For resilience in the energy sector, challenges that should be met include:
- Grid security and data integrity – protecting smart grids, renewable energy sources and energy storage systems from cyberattacks and data manipulation.
- Decentralised energy transactions – facilitating peer-to-peer energy trading and optimise grid management through secure blockchain-enabled smart contracts.
- Predictive maintenance and monitoring – enhancing the reliability of energy infrastructure by securely integrating IoT data into digital twins for real-time monitoring.
Enhancements to the digital twin security and verification processes should include authenticating models with cryptographic proof of data integrity, securing IoT communication by for example enabling energy grids to securely communicate within their ecosystems and enabling trust in supply chain data by ensuring traceability and integrity of components and devices.
