Outside Source
Last updated:
Journalist
Sead Fadilpašić
Journalist
Sead Fadilpašić
Europe’s largest industrial technology company Siemens AG has partnered with Minima, a fully decentralized and device-agnostic layer-1 chain. The partners aim to embed blockchain security directly into their automotive, robotics, and energy Internet of Things (IoT) devices.
The press release shared with Cryptonews explains that collaboration will enable secure, autonomous operations, as well as tamper-proof data integrity across applications.
A Siemens representative states that Minima enables IoT equipment to run a full node. Therefore, it doesn’t rely on external servers or centralized intermediaries, removing all central points of failure.
This means that it participates in a blockchain network independently, enabling decentralized security, data integrity, and trustless verification.
“Our collaboration brings groundbreaking AI capabilities, data integrity, and decentralized trust mechanisms to the Siemens Cre8Ventures Digital Twin Marketplace,” said the representative.
Siemens Cre8Ventures is Siemens’ open innovation initiative. It collaborates with startups in the fields of AI, digital twins, cybersecurity, and more, the company says.
Additionally, the initiative provides resources, expertise, and ecosystem access to help startups scale disruptive technologies and accelerate industrial transformation, it adds.
Meanwhile, the press release notes the relevance of the European Chips Act, stating that the partnership supports its “sovereignty goals.”
The European Chips Act aims to boost Europe’s competitiveness, resilience, and technological leadership in semiconductor technologies and applications. Following the approval by the Parliament and the Council, the regulation entered into force on 21 September 2023. It had a budget of €43 billion in public and private investments.
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Every System Becomes an Independent Full Node
The press release argues that large-scale ransomware attacks targeting an entire energy grid are possible. But the collaboration like the one between Minima and Siemens Cre8Ventures may prevent that, it adds.
Automotive, robotics, and energy industries require trust, compliance, and data integrity – and blockchain-based security can provide that, said Minima CEO Hugo Feiler. “This collaboration is a significant step toward embedding decentralized security across critical sectors and driving the future of secure, connected ecosystems.”
Moreover, Minima’s embedded blockchain enables every smart meter, substation, and energy management system to operate as a full node. A full node fully validates transactions and blocks, among other operations.
The team explains that this means each of these systems can independently verify transactions and secure grid data. Therefore, there is no single point of failure.
Should there be a cyberattack aiming to manipulate power distribution or shut down the network, “each node retains a tamper-proof, decentralized record of energy flows, preventing data corruption and ensuring the grid continues functioning,” the companies say.
This protects trillions of dollars in economic activity and prevents catastrophic blackouts, they add.
Meanwhile, with a market capitalization of $5.6 million, the MINIMA coin currently trades at $0.01335.
MINIMA 30-day market cap:
It is up 1.2% in a day and 19% in a week. It’s down 46% in a month. The coin hit its all-time high of $0.1351 in December 2024, dropping 90% since.
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This article first appeared at News
