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First Web3 Global Battery Passport Implementation for Current and Future Regulatory Compliance

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DENSO, Honda, Mazda, and Nissan among MOBI members who have completed Stage 1 of the Cross-Industry Interoperable Minimum Viable Product, a three-year initiative towards a decentralized Global Battery Passport built for data privacy and selective disclosure  

LOS ANGELES, July 11, 2024 /PRNewswire/ — MOBI, a global nonprofit Web3 consortium, is thrilled to announce a significant milestone in development of the Web3 Global Battery Passport (GBP) Minimum Viable Product (MVP). In a historic first, the MVP has successfully demonstrated battery identity/data validation and exchange between nine organizations using open-standards — MOBI Battery Birth Certificate and the World Wide Web Consortium (W3C) Self-Sovereign Identity (SSI) framework — an achievement that carries exciting implications for stakeholders of the battery value chain and lays critical groundwork for the Web3 Economy. Organizations worldwide are invited to join and collaborate in this trailblazing effort.

Participants of MOBI Circular Economy and the GBP Working Group, constituting close to USD 1 Trillion in annual revenue and representing diverse functions within the global battery ecosystem, have successfully completed Stage 1 of the three-year MVP and are set to begin Stage 2. Implementers of the decentralized GBP include Anritsu, DENSO, HIOKI, Honda, Mazda, Nissan, and TradeLog Inc.

As the world increasingly turns to batteries for sustainable energy solutions, global battery value chains are making continuous improvements to enhance operational efficiency, circularity, and cross-border compliance. Forward-looking global policies like the US Treasury’s Section 30D Guidance on EV Tax Credits and the EU Battery Regulation mandate digital recordkeeping to track battery life cycles, underscoring the need for a global battery passport — a digital credential containing key information about the battery’s composition, state of health, history, and more.

Creating a scalable GBP will require cross-industry interoperability, such that entities across the value chain can securely coordinate and selectively share relevant data without the need to pay for costly one-off integrations or abandon their existing systems. MOBI and its members believe Web3 can become a key enabler for cross-industry interoperability at scale. SSI in particular introduces a promising approach to unlocking powerful synergies, enabling entities to securely control and share credentials across different web applications and platforms without the need for centralized intermediaries. To this end, MOBI and its members are building a decentralized Web3 marketplace ecosystem with standardized communication protocols for Self-Sovereign Data and SSI, designed such that the federated infrastructure and data therein are not controlled or managed by one organization. While MOBI MVP initiative demonstrates a specific use case for implementing the GBP, the benefits of MOBI Web3 implementation extend to almost any use case that involves multiparty transactions.

In Stage 1 of the initiative, implementers demonstrated the Integrated Trust Network (ITN) identity services of one-to-one cross-validation for battery identity and data. The ITN serves as a federated (member-built and operated) registry for W3C Decentralized Identifiers, offering SSI management for connected entities such as batteries and their value chain participants. The ITN is the first enterprise network supporting multiple blockchains at the same time. These features are unique to the ITN, built for high resilience by ensuring the network’s functionality and sustainability do not rely on a single organization or blockchain.

Stage 2 will demonstrate Citopia decentralized marketplace services through creation of the cross-industry interoperable, privacy-preserving GBP. ITN services are one-to-one whereas Citopia services are one-to-many (and many-to-one). Through Web3 implementation, the availability and selective disclosure of trusted data and identities throughout the battery value chain will beget digital services and applications such as enhanced battery and carbon credits management, vehicle-to-grid communications and transactions, risk-based insurance calculations, and data-driven used electric vehicle pricing.

“Today’s global battery value chain is complex and it’s difficult to simultaneously ensure efficiency, scalability, safety, circularity, and regulatory compliance. To balance these priorities, we need to enhance battery lifecycle management through the creation of a shared ecosystem with SSI framework for secure coordination and selective disclosure of sensitive data,” said MOBI CEO and Co-founder, Tram Vo. “Driving innovation at this scale requires cross-industry collaboration. We invite public and private organizations worldwide to join us in this critical pursuit.”

“Web3 is an interesting technology which may facilitate a more scalable approach to exchanging battery data in a peer-to-peer fashion between organizations,” said Christian Köbel, Senior Engineer at Honda Motor Co., Ltd.

“It is confirmed how Web3-based self-sovereign data management works throughout Stage 1 of the MVP,” said Yusuke Zushi, Senior Manager at Nissan.

Said Mazda Motor Corporation, “Through participation in the GBP Working Group, we not only acquired the technical knowledge of Web3 but also understood a vision of an ecosystem that realizes the exchange of reliable information. We appreciate MOBI for giving us this invaluable opportunity.”

“The Stage 1 MVP experiment was instrumental in deepening our understanding of a system that enables sovereign data management. In the current era of data, the integrity and safety of information flow are paramount. As an experienced manufacturer of measuring instruments, HIOKI has always placed a premium on the reliability and accuracy of data,” said Kenneth Soh, Executive Officer at HIOKI. “We believe that the insights gained from this MVP are vital for the future progress of measurement instrument manufacturers and the industries we serve, from the perspective of innovation and societal contribution driven by mechanisms that offer both security and precision in data distribution.”

“The successful implementation of the Web3 GBP MVP is a significant step towards a more transparent and sustainable battery ecosystem. We are honored to contribute to the realization of the GBP as participants in this important initiative,” said Hisashi Matsumoto, Senior Manager at Anritsu.

“We, TradeLog, Inc., proudly support the decentralized Global Battery Passport project, driven by the efforts of MOBI and its dedicated Implementers,” said Alvin Ishiguro, Project Coordinator at TradeLog, Inc. “Going forward, we will continue to deliver our customers new experiences through blockchain technologies in the energy sector.”

About MOBI
MOBI is a global nonprofit Web3 consortium. We are creating standards for trusted Self-Sovereign Data and Identities (e.g. vehicles, people, businesses, things), verifiable credentials, and cross-industry interoperability. Our goal is to make the digital economy more efficient, equitable, decentralized, and circular while preserving data privacy for users and providers alike. For additional information about joining MOBI, please visit www.dlt.mobi.

Media Contact: Grace Pulliam

Email: grace@dlt.mobi  

MOBI Communications Manager

Twitter: twitter.com/dltmobi

 

SOURCE MOBI

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Minister Champagne wraps up visit to Silicon Valley

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November 16, 2024

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PALO ALTO, CA, Nov. 16, 2024 /CNW/ – Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, concluded a visit to Palo Alto, California, where he met with business and tech leaders.

The Minister met with the CEO and Founder of Plug and Play, one of the world’s most active startup accelerators. He also met with the CEO and Founder of Groq, a company specializing in artificial intelligence (AI) chip technology.

Minister Champagne also met with key members of the C100, a not-for-profit association of over 400 Canadian expatriates advancing tech entrepreneurship in the Silicon Valley area.

While in Silicon Valley, Minister Champagne took the opportunity to visit the U.S. Department of Defense’s Defense Innovation Unit, which is designed to accelerate the adoption of cutting-edge commercial technologies by the U.S. military.

The Minister was also a guest speaker at the Trilateral Commission’s North American Group meeting where he was interviewed on a panel by Michael Duffy, Opinions editor at large of The Washington Post.

Quote

“Coming on the heels of the launch of the Canadian AI Safety Institute, this visit to Silicon Valley was a great opportunity to engage with tech leaders and entrepreneurs. As AI and other emerging technologies reshape national security, the economy and society at large, Canada will continue to play a central role in strengthening North America’s long-term competitiveness.”
– The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry

Associated links

Canada launches Canadian Artificial Intelligence Safety InstituteThe Trilateral Commission

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Find more services and information on the Innovation, Science and Economic Development Canada website.

Follow Innovation, Science and Economic Development Canada on social media.
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SOURCE Innovation, Science and Economic Development Canada

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The Mortgage Calculator Delivers Real-Time VA Loan Rates with Advanced Application Tools

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November 16, 2024

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The Mortgage Calculator introduces innovative VA loan calculators and tools featuring live mortgage rates updated by the minute. These tools empower veterans and active-duty military personnel with accurate, real-time insights into VA loan programs.

MIAMI, Nov. 16, 2024 /PRNewswire-PRWeb/ — The Mortgage Calculator, a licensed lender, has launched an advanced VA mortgage calculator platform with real-time mortgage rate integration for all VA loan programs from over 100 banks and lenders. Veterans and active-duty military personnel can now access live VA mortgage rates, updated by the minute, to make precise financial decisions. This technology ensures unmatched accuracy and transparency in VA loan planning.

Offering live mortgage rates is a pivotal enhancement for borrowers. This unique feature allows veterans and active-duty personnel to make well-informed decisions, whether purchasing a home or refinancing with an IRRRL.

The platform also offers tools to calculate VA mortgage loan payments and explore refinancing options like IRRRL loans (Interest Rate Reduction Refinance Loans). These tools simplify the loan application process and provide a complete understanding of financing options available to eligible borrowers.

Key Features of the Real-Time VA Loan Platform:

Live VA Loan Rates: Borrowers can view rates updated every minute, offering precise, real-time market data for all VA loan programs from multiple banks and lenders.Interactive VA Loan Calculator: Helps users estimate monthly payments based on current live rates, including refinancing options like IRRRL.Customizable Financial Tools: Provides tailored insights into VA loan affordability, terms, and eligibility requirements.Seamless Integration Across VA Loan Programs: Supports home purchases and refinancing with clarity and transparency.

“Offering live mortgage rates is a pivotal enhancement for borrowers,” said Jose Gonzalez, CSO of The Mortgage Calculator. “This unique feature allows veterans and active-duty personnel to make well-informed decisions, whether purchasing a home or refinancing with an IRRRL.”

To experience these tools and view live VA mortgage rates, visit the dedicated VA loan calculator page. Borrowers can also calculate savings on VA refinance options with the IRRRL calculator or explore broader resources like the VA mortgage loans guide. For additional information on other mortgage products, such as construction loans, visit the homepage.

About The Mortgage Calculator

The Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access both Conventional and Non-QM mortgage loan programs with over 100 banks and partners. Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. Our team of over 500 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access thousands of mortgage programs using Alternative Income Documentation such as Bank Statement Mortgages, P&L Mortgages, Asset Based Mortgage Programs, No Ratio CDFI Loan Programs, DSCR Investor Mortgages, Commercial Mortgages, Fix and Flip Mortgages and thousands more! To apply for a mortgage please visit https://themortgagecalculator.com

Mortgage Calculator Company LLC

NMLS#: 2377459

2125 BISCAYNE BLVD SUITE 220

Miami, FL 33137

Media Contact

Kyle Hiersche, The Mortgage Calcualtor, 1 7867331993, pr@themortgagecalculator.com, https://themortgagecalculator.com

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Norck Expands Custom Manufacturing Services with Enhanced Precision CNC Machining, Engineering Support, and Curated Network of Select Manufacturing Partners

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November 16, 2024

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Norck, a global leader in on demand manufacturing, has expanded its services to include precision CNC machining, custom component manufacturing, and on-demand solutions. The company’s curated network of trusted manufacturing partners and personalized one-on-one engineering support set it apart from automated platforms. Serving industries such as aerospace, defense, robotics, and medical, Norck delivers high-quality, precision-engineered components tailored to specific needs. With capabilities in CNC machining, 3D printing, and hybrid manufacturing, Norck empowers businesses to innovate and scale efficiently. Visit www.norck.com for more information.

IRVINE, Calif. and MANNHEIM, Germany, Nov. 16, 2024 /PRNewswire-PRWeb/ — Norck, a global leader in advanced manufacturing and custom component production, is proud to announce a major expansion of its services, focusing on precision CNC machining, custom component manufacturing, and on-demand CNC machining. A key highlight of this growth is the enhancement of Norck’s curated network of select manufacturing partners, ensuring clients benefit from the highest quality standards and consistent reliability.

By partnering with only the best manufacturers, we ensure that every project meets our clients’ exacting standards. Combined with our one-to-one engineering support, this approach guarantees a superior manufacturing experience.

Complementing its growing capabilities, Norck reaffirms its commitment to personalized, one-to-one engineering and design support, setting it apart from competitors with automated platforms. With a strategic combination of expert guidance and a carefully vetted partner network, Norck is revolutionizing the way businesses approach custom parts manufacturing.

Norck’s Motto: “Prototype. Manufacture. Scale Up. On Demand.”

This guiding principle reflects Norck’s dedication to delivering seamless, end-to-end solutions that meet the dynamic needs of modern industries. From initial prototyping to full-scale production, Norck empowers businesses to innovate and grow with speed and precision.

Expanding a Curated Network of Trusted Manufacturing Partners

Norck’s curated network of select manufacturing partners brings together top-tier facilities specializing in CNC machining, injection molding, and metal 3D printing. Each partner is carefully vetted for quality, reliability, and expertise, ensuring seamless collaboration and superior results.

Key Benefits of Norck’s Manufacturing Partner Network:

Consistent Quality Standards: Partners are selected based on strict adherence to global certifications such as ISO 9001 and AS9100.Diverse Capabilities: Access to advanced manufacturing technologies, including custom CNC machining, custom component manufacturing, and on-demand sheet metal fabrication.Streamlined Project Management: Norck acts as a single point of contact, managing every aspect of production and ensuring seamless coordination across its network.

“Our curated network is an integral part of delivering exceptional results to our clients,” said Faruk Guney, CEO of Norck. “By partnering with only the best manufacturers, we ensure that every project meets our clients’ exacting standards. Combined with our one-to-one engineering support, this approach guarantees a superior manufacturing experience.”

Personalized Engineering and Design Support

Unlike platforms that rely heavily on automation, Norck emphasizes a one-on-one collaboration model with clients. This personalized approach ensures that designs are optimized for manufacturability, cost-efficiency, and performance before production begins.

Key Features of Norck’s Engineering and Design Support:

Dedicated Design Consultants: Clients work with experienced engineers who understand their unique requirements and industry challenges.

Seamless Iteration: From concept refinement to rapid prototyping, Norck supports clients at every step to perfect their designs.

Material Selection Guidance: Expert advice to choose the best materials for durability, performance, and cost-effectiveness.

Feasibility Analysis: Comprehensive evaluations to ensure manufacturability and optimal production outcomes.

Precision CNC Machining and Custom Component Manufacturing

Norck’s precision CNC machining services are at the forefront of its manufacturing offerings. With a focus on high-quality production and design optimization, Norck delivers custom CNC parts and components that meet even the most complex specifications.

Key Highlights:

On-Demand CNC Machining: Rapid, efficient production tailored to client needs, from prototypes to large-scale production.

Wire EDM Services: Precision machining for intricate designs requiring tight tolerances.

Custom CNC Machining Near Me: Localized support through Norck’s extensive partner network for faster turnaround times and convenience.

Advanced Metal 3D Printing Services

Norck has also enhanced its metal 3D printing services, providing innovative solutions for lightweight and complex custom metal parts. These services are integrated with Norck’s engineering support to ensure clients achieve the perfect balance of creativity and manufacturability.

Key Features:

Custom Metal 3D Printing: Production of intricate and durable components for aerospace, automotive, and medical applications.Hybrid Manufacturing Solutions: Combining CNC machining and 3D printing for advanced design possibilities.Injection Molding and On-Demand Sheet Metal FabricationNorck’s comprehensive offerings include injection molding and on-demand sheet metal fabrication, enabling clients to produce high-quality custom parts at scale. By leveraging its curated network, Norck delivers consistent results across all manufacturing disciplines.

Industries Served

Norck proudly serves a diverse range of industries, providing tailored solutions to meet specific sector requirements:

Norck offers specialized manufacturing solutions across various industries, delivering precision-engineered components and services tailored to each sector’s unique requirements.

Aerospace: Norck provides high-precision components that meet stringent aerospace standards, ensuring safety and reliability in critical applications.

Defense: Supplying robust and reliable parts, Norck supports mission-critical defense systems and equipment, adhering to rigorous quality and performance criteria.

Robotics: Norck creates intricate components essential for the efficient operation of robotic systems and automation technologies, enhancing performance and precision.

Automotive: Manufacturing custom parts, Norck enhances vehicle performance, durability, and safety across various automotive applications.

Medical: Producing biocompatible and precision-engineered components, Norck supports medical devices, surgical tools, and healthcare technologies, ensuring safety and efficacy.

Consumer Products: Producing high-quality, durable components, Norck serves a wide range of consumer goods, from electronics to appliances, ensuring product longevity and reliability.

Industrial: Providing durable and reliable parts, Norck supports machinery, tools, and industrial systems, ensuring operational efficiency and longevity.

Hardware: Crafting precision hardware components, Norck caters to construction, infrastructure, and various manufacturing applications, meeting specific project needs.

Electronics: Delivering custom components, Norck supports electronic devices, ensuring compatibility and performance in advanced systems.

Energy: Supplying high-performance parts, Norck serves renewable energy, oil and gas, and power generation applications, contributing to efficient energy solutions.

Norck’s tailored solutions ensure each industry’s unique requirements are met with precision and reliability, reinforcing its commitment to quality and innovation.

About Norck

Norck is a global leader in advanced manufacturing, specializing in precision CNC machining, custom component manufacturing, metal 3D printing, and injection molding. With a strong commitment to innovation, quality, and customer satisfaction, Norck delivers tailored manufacturing solutions to businesses worldwide. By combining personalized engineering support, cutting-edge technologies, and a curated network of trusted manufacturing partners, Norck empowers industries to achieve their most ambitious goals.

For more information about Norck’s services and solutions, visit www.norck.com

Media Contact

Dennis Weiss, NORCK INC – NORCK GMBH, 1 949-232-0251, ed@norck.com, www.norck.com

Ed Braun, NORCK INC – NORCK GMBH, www.norck.com

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SOURCE NORCK INC – NORCK GMBH; NORCK INC – NORCK GMBH

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