Shell and DigiCorp Labs have established a partnership to work together on digital innovation for Industry 4.0. Using DigiCorp’s DGMV Smart Layer and the power provided by the DigiByte blockchain, the two businesses will collaborate in order to realize the enormous potential that exists within the Master Data Management (MDM) industry.
DigiCorp has come into being with the mission of delivering the DigiMetaverse, which is a blueprint for the web of the future that is naturally secure, people-centric, and value creation-focused. Its goal is to construct a future that is open to collaboration and transparency and is replete with decentralized solutions, which can be of value to communities, enterprises, and institutions located all over the world.
DigiCorp’s three components, DigiThree, DigiLife, and DigiWare & DigiAcademy, enable it to focus on the varied requirements of businesses, individual consumers, and software developers. As a result, DigiCorp is able to provide bespoke solutions that are intended to safeguard and advance each of these groups into the digital future.
Novel MDM Smart Layer Proof of Concept
In order to construct an interoperable foundational layer for the Metaverse, DigiCorp is working on developing quantum-safe, decentralized, and blockchain-protected solutions, as well as its Layer-2 protocol, which is called “The DGMV Smart Layer.” The access to consumer and enterprise services is enabled, in conjunction with the blockchain based, passwordless DGMV-ID Secure Authenticator and by the platform’s utilization of the $DMGV utility token, which powers the project’s ecosystem.
DigiCorp Labs’ brand new MDM smart layer Proof of Concept (POC) will, thanks to a partnership with Shell’s department of Information Technology International, make it possible to manage and govern master data in the form of NFTs developed as Golden Records. On top of the DigiByte UTXO Blockchain, the MDM smart layer will be where all of this activity will take place.
An enhanced MDM Smart Contract protocol will be able to enable the creation, management, and attribute the establishment of Asset Master Data Entities as NFTs by utilizing a Layer 2 solution that is known as the ‘DGMV Smart Layer’ on top of the DigiByte blockchain Layer 1 solution.
Guaranteed User Authenticity & Asset Management
Not only will the Proof of Concept demonstrate that it is technically possible to create, change, and validate MDM Golden Records on a Smart Layer that is built on top of the DigiByte UTXO Blockchain, but it will also demonstrate that data owners can easily manage their assets by utilizing an application that is friendly to users.
In addition, the Proof of Concept proves guaranteed user authenticity by utilizing DigiCorp’s Web3-based, passwordless solution, DGMV-ID, to authenticate users and validate transactions. Shell is a global energy corporation that specializes in the discovery, production, refining, and selling of oil and natural gas, as well as the production and marketing of chemicals.
In addition, Shell is a leader in the exploration, production, and marketing of chemicals. To contribute to the creation of a more sustainable energy future, it uses a novel approach and makes use of cutting-edge technologies. In addition, Shell makes investments in electricity generation, including from low-carbon sources like wind and solar, as well as in the development of new fuels for transportation, like advanced biofuels and hydrogen.
Shell is an international network of energy and petrochemical firms with the mission of meeting the growing demand for more and cleaner energy solutions in a manner that is responsible on all fronts, including the economy, the environment, and society.