79 / European backdoor
How to implement the MiCA required backdoor

Episode 79 on Community Service Hour discussing intelligent supply chain with @thewhyman and how to implement the European backdoor required by the Data Act. Is supply chain a viable application on blockchain? Let''s look at some existing applications.

Timeline

00:00 Intro

00:53 Intelligent supply chain

01:37 Carbon disclosures

02:44 Internal company hackathon

06:55 The backdoor

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@thewhyman

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Episode notes

• EY use case for ESG
• Origin Trail

• Workshop: How to implement the European kill switch (required for smart contracts) // part 2 of 3, regulators can access everything, everywhere, all at once
• ERC-XXXX kill switch plan A
• Do a selfie with anything with a serial number on it!
• Intelligent Supply Chain DAO - Leverage Ethereum Layer 2, Binance/Coinbase/GPay Wallet/Invoice, Arweave, AGI, ICP to create a simple dAPP to solve PO, Invoice, Inventory, Provenance Tracking, Small Recall for the End consumer, Scope 3 and Extremely Advanced Demand Planning & Automated Discounts, Defect reduction with bottom up approach. Gen 2: TheWhyMan.Li/iSCaaSLinkedIn
  • Is this a viable solution? What do you see as possible challenges?
  • You mentioned adoption as the key blocker for it? Having the solution on Web3 + AI prediction capabilities make it better?
  • Are there any teams that are working on this? What challenges are they facing?
    • https://origintrail.io/solutions
    • Yes, this is a very popular question—it is a top 3 question we get, right next to “what happens if I lose my metamask key?”—other teams that are working on this have been slow to launch. They have all focused on specific industry (fish, drug, …) and not broad.
  • Can this be funded by Ethereum Layer 2 or Near? Should Near be consider for implementation? What are the downsides? I connected with the core team, they are interested in the idea and waiting for details.
    • Easy question: whichever one pays you most. Blockchain adoption is directly related to getting funding.
    • The end customer does not know the difference
    • They are all the same
  • Also looking to find others working on this.

Tweet

1. Episode 79 on Community Service Hour discussing intelligent supply chain with @thewhyman and how to implement the European backdoor required by the Data Act.

2. Is supply chain a viable application on blockchain? Let’s look at some existing applications:

3. The EY solution led by @pbrody is branded specifically after the ESG use case.

   Website is light on details, but EY does host in-person summits that are great if you are a serious candidate for this supply chain tech.

   https://www.ey.com/en_gl/blockchain-platforms/opschain-environmental-social-governance

4. @origin_trail is another solution, focused on technology first.

   That website is super buzzwordy, but if you look deep, they are also targeting these same use cases.

   https://origintrail.io/

5. Now onto the European Data Act and required backdoors for smart contracts. Our main recommendation is that you need to use Gnosis @safe or similar for any backdoor account. This allows you to create separate (and revocable) access for government. This increases accountability and avoids SBF-style “whupps we lost $415M” losses.