Project description
Blockchain technology offers big benefits for small businesses
Blockchain technology and distributed ledger technologies (DLTs) are developing rapidly. They have been extremely successful in the field of finance, authenticating transactions. Yet despite their benefits, the transition to DLTs has been slow and arduous in small and medium-size enterprises. Lack of knowledge makes them reluctant to make the shift, requiring SMEs to become more sensitised to the transition. To that end, BLOCKCHERS aims to fund up to 30 tech-based SMEs, providing training, team work sessions and community building activities. Recommendations for policy action will also be provided by BLOCKCHERS as part of its bid to create smarter regulations within the European Union.
Objective
Blockchain and DLTs have a limitless potential for use cases across all industries. They streamline business processes and offers a great potential for reducing costs and complexity, offering high level of transparency and trustworthiness. Despite of the potential benefits, their uptake is low, even more among the SMEs, making the transition to DLTs slow and arduous due to: -Sectors in which DLTs make sense, besides fintech, are those in which existing traditional SMEs do not have enough knowledge on how DLTs work nor their potential uptake. -Traditional SMEs (and stakeholders in general) need to be sensitized to uptake the technology in their verticals. Lack of knowledge makes them reluctant to technological changes. -A regulatory framework should foster the uptake and prevent from fraudulent actions. Uncertain regulation limits companies’ scope of action and imply a risk for their growth. To overcome it, BLOCKCHERS’ concept aims at: -funding up to 30 tech-based SMEs in 2 open calls, providing real use cases implementation engaging at least 30 traditional SMEs (end users uptaking DLTs with a technology provider) -providing training, team work sessions and community building activities, to achieve a better understanding and acceptance of DLTs among SMEs. -mapping & monitoring relevant initiatives to build a community to solve the information gap between regulators and DLT developers, providing recommendations for policy action as a way to create a smart regulation in the EU. 4 top-skilled organisations gather to address these challenges: ZABALA, coordinator and expert on cascade-funding and innovation services provision to SMEs EU-wide. Innomine, expert on acceleration and piloting/use cases in the CEE market for the DIHs. Frankfurt School Blockchain Center (FSBC), recognized expert on providing DLTs training and organizing major events on blockchain. Alastria, the first public-permissioned Spanish DLT network promoted by corporations, available for BLOCKCHERS.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
You need to log in or register to use this function
We are sorry... an unexpected error occurred during execution.
You need to be authenticated. Your session might have expired.
Thank you for your feedback. You will soon receive an email to confirm the submission. If you have selected to be notified about the reporting status, you will also be contacted when the reporting status will change.
Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
-
H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
See all projects funded under this programme -
H2020-EU.2.3.2.2. - Enhancing the innovation capacity of SMEs
See all projects funded under this programme
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
CSA - Coordination and support action
See all projects funded under this funding scheme
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-INNOSUP-2018-2020
See all projects funded under this callCoordinator
Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
31192 MUTILVA ALTA NAVARRA
Spain
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.