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Synx BIOS

Synx BIOS: The revolutionary web-BIOS that fully enables the Internet of Things (IoT) through the Real Time Web

Total Cost €

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EC-Contrib. €

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Partnership

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 Synx BIOS project word cloud

Explore the words cloud of the Synx BIOS project. It provides you a very rough idea of what is the project "Synx BIOS" about.

relies    bidirectional    privacy    revenues    save    individuals    kernel    adopters    accessed    entirely    world    verticals    network    trade    tool    domains    healthcare    overcome    opening    uniqueness    12    thank    transactions    basic    anyone    cloud    acute    market    bi    roi    synx    thanks    direction    count    maintenance    created    2023    times    compromises    keep    web    communicating    alive    financial    standard    things    networks    generate    installed    employee    ongoing    bios    computing    vending    distributed    nornir    databases    point    revolutionary    entail    volumes    internet    sharing    backward    losing    unfit    trillion    data    machines    requiring    sensors    middleware    blue    hyperlinks    peer    compatible    rtw    communication    revenue    transportation    iot    enormous    510    gigantic    start    93    72m    store    generating    technologies    blockchain    norwegian    protects    revolution    decentralized    limitations    event    corporate    ocean    connections    first    time    cumulative    lost    scalability    informatics    micropayment    diverse    infrastructure    copied    mission    directional   

Project "Synx BIOS" data sheet

The following table provides information about the project.

Coordinator
NORNIR AS 

Organization address
address: JAKOB WEIDEMANNS GATE 9
city: STEINKJER
postcode: 7713
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Norway [NO]
 Project website https://nornir.no
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2019
 Duration (year-month-day) from 2019-02-01   to  2019-06-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    NORNIR AS NO (STEINKJER) coordinator 50˙000.00

Map

 Project objective

The World Wide Web and associated technologies (e.g. cloud computing and blockchain) are the current standard for information sharing or financial transactions. However, they entail limitations that need addressing. These technologies are based on hyperlinks, communicating only in one direction, requiring complex middleware processes to keep connections alive. This technology is unfit for the ongoing Internet of Things revolution, which requires bidirectional data sharing and scalability, as it relies upon an enormous number of sensors generating gigantic volumes of data. They also require an operating system that needs to be installed at each end-point, so data needs to be copied (to not being lost), losing its uniqueness. Finally, the need to store data in databases that can be accessed by anyone with basic informatics knowledge compromises individuals privacy. Nornir is a Norwegian start-up created with the mission to overcome such limitations, thanks to the Real Time Web (RTW), a new decentralized network that allows bi-directional hyperlinks, is backward compatible with the web infrastructure and protects data across networks and domains. This is possible thank to Synx BIOS; a revolutionary distributed kernel enabling event-driven network and peer to peer communication without the need of middleware, while allowing scalability. As Synx BIOS does not store data, it remains unique and controlled by the user, allowing to trade data (through the Synx BIOS´ micropayment tool) generated from IoT systems, opening-up an entirely new way to generate revenue. With Synx BIOS we get access to a trillion blue ocean market, having already corporate early-adopters from diverse verticals (e.g. transportation, healthcare or vending machines), who can save €510,000 in development and maintenance costs during the first year. By end of 2023, we expect to have a cumulative revenues of €72M (ROI of 10.93) and increase 10 times our current employee count (currently at 12).

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The information about "SYNX BIOS" are provided by the European Opendata Portal: CORDIS opendata.

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