deltaDAO Facilitated a Data Market Transaction Using EUROe

by
Juuso Roinevirta
data-market-transaction

New technologies impose new requirements for money. One case in point is the evolving AI systems; they need a new data service infrastructure that enables efficient data and infrastructure markets so that AI models can access the right data on demand without human intervention. Membrane Finance’s EUROe is a core component in enabling the emergence of efficient & compliant data markets.

On 30 May 2023, deltaDAO AG, a Gaia-X member, announced they had settled the first Gaia-X AI & Data Market transaction powered by Ocean Protocol and Polygon Labs. Using EUROe, a MiCA-compliant euro-stablecoin issued by Membrane Finance, for transaction settlement, deltaDAO facilitated the simultaneous sale & purchase of an example electronic vehicle battery pack production data set along with the subscription to an AI analysis service and infrastructure services for computation of the carbon footprint and digital product passport. An optional fee has been added to show that the transaction and computation can be voluntarily CO2 offset by simultaneously purchasing a CO2 compensation product.

deltaDAO presented the achievement to the German Federal Ministry for Economics and Climate Action (BMWK) on 26 May, marking the first production transaction of the system, including the necessary real-time (micro-)payments. deltaDAO’s AI, data and infrastructure market supports IP-preserving data, AI, and infrastructure monetisation in a compliant and sustainable way. It promotes new & existing business models and incentives for all open AI & data economy participants while protecting IP and company secrets where necessary. 

By utilising EUROe on the Polygon blockchain, the total costs of the transaction were approximately 0.21 euros. Additionally, the transaction was settled atomically & automatically on-chain without delays as opposed to the high operational & banking costs that would have been realised using legacy systems. Using EUROe for transaction settlement, deltaDAO ensured compliance with financial regulations and best practices in documentation, taxation, and invoicing. EUROe enables use cases previously impossible, thanks to its compatibility with automated micro-payments on several blockchains.

This transaction showcases the potential of combining data, AI, carbon offsetting, and blockchain technology to achieve a fairer, faster, and technologically more advanced tomorrow. Membrane Finance and the EUROe team are extremely delighted to support innovative and emerging actors in the European federated and secure data infrastructure space. 

Looking ahead, Membrane Finance is making decisive strides in enabling new data-driven business models. If you are ready to monetise your data, software, or infrastructure services in a secure, compliant, and sustainable way, we invite you to join us on this pioneering journey. Together, we can redefine the future of digital finance and foster a more inclusive, open, and vibrant data economy.

Thank you to deltaDAO, Ocean Protocol, Polygon Labs, and Gaia-X for building important technology for tomorrow.

All articles

bridged-euroe

Introducing Bridged EUROe to Scale Euro Liquidity

by
Membrane Finance
euroe-concordium

Membrane Finance Brings the First Stablecoin to Concordium

by
Membrane Finance
dbw

EUROe To Integrate Concordium – A Permissionless Blockchain with Built-In IDs

by
Membrane Finance
euroe-exchanges

EUROe Helps CASPs & CEXes Stay MiCAR-Compliant

by
Juuso Roinevirta
euroe-obligate

Obligate and Membrane Finance Join Forces to Revolutionise Debt Financing

by
Membrane Finance
euroe-solana-small

Membrane Finance Brings the First Euro Stablecoin to Solana – Along With Card Payments

by
Membrane Finance
What is MiCA – Title

What is MiCA?

by
Juuso RoinevirtaPatrik Johansson
blockchain-integrations-blog

Membrane Finance Announces Blockchain Integration Offering

by
Membrane Finance
euroe-mtpelerin

Mt Pelerin partners with EUROe to offer zero-fees on/off-ramp

by
Membrane Finance
euroe-woorton

EUROe Is Now Available through Woorton’s OTC Infrastructure

by
Membrane Finance
lamar

Lamar Olive Oil's Innovative On-Chain Bond Issuance Using EUROe

by
Juuso Roinevirta
euroe-account-api

Membrane Finance Launches EUROe Account API to Bridge Traditional and Blockchain-Based Economies

by
Membrane Finance
EUROe Launched on Avalanche

Membrane Finance Launches the First MiCA-Compliant Stablecoin, EUROe, on Avalanche

by
Membrane Finance
Membrane - Januar

Membrane Finance and Januar team up to pave the way for MiCA compliant financial technology

by
Membrane Finance
EUROe x Arbitrum One

Membrane Finance Launches EUROe on Arbitrum One

by
Membrane Finance
EUROe x Polygon

Membrane Finance Launches EUROe on Polygon

by
Membrane Finance
euroe-generic-2

deltaDAO, Membrane Finance, and Polygon Labs bring EUROe to the Gaia-X Web3 ecosystem as main settlement token

by
Membrane Finance
Tokens illustration

Unlocking the Potential of Tokenisation and Stablecoins: The Next Big Thing in Asset Management

by
Juha Viitala
EU building

Stablecoin regulation within the EU remains clear amid uncertainties in the US

by
Patrik Johansson
EUROe now available on Ethereum

Membrane Finance launches EUROe on Ethereum

by
Membrane Finance
EUROe x Fireblocks

Membrane Finance Announces Integration with Fireblocks to Enhance Operational Security of the EUROe Stablecoin

by
Membrane Finance
EUROe x Equilibrium

Equilibrium backs Membrane Finance in building core EUROe systems

by
Membrane Finance
EUROe x KPMG

Membrane Finance appoints KPMG as its internal auditor

by
Membrane Finance
EUROe - Runtime Verification

Runtime Verification completes a smart contract audit for the first EU-based regulated stablecoin EUROe

by
Membrane Finance
Nordic Law

Nordic Law acts as a legal advisor to Membrane Finance

by
Membrane Finance
Membrane Finance Team 2022 Q4

Membrane Finance Announces the First Regulated Euro Stablecoin EUROe and Raises a Seed Round

by
Membrane Finance
Cylinders

What are Stablecoins?

by
Juuso RoinevirtaJuha Viitala
Euro building

What is EUROe?

by
Juuso Roinevirta