EIC Horizon Prize for 'Blockchains for Social Good'

The challenge is to develop scalable, efficient and high-impact decentralized solutions to social innovation challenges leveraging Distributed Ledger Technology (DLTs), such as the one used in blockchains.

DLT in its public, open and permissionless forms is widely considered as a ground-breaking digital technology supporting decentralized methods for consensus reaching as well as sharing, storing and securing transactions and other data with fewer to no central intermediaries.

In the wake of the widespread public attention for Bitcoin, several financial applications based on blockchains are already under development. However, the potential of DLTs to generate positive social change by decentralising and disintermediating processes related to local or global sustainability challenges is still largely untapped.

Social application areas in which decentralized solutions based on DLTs have shown clear benefits over conventional centralised platform solutions include, but are not limited to:

Pioneering decentralized solutions to global and/or local sustainability challenges;

Generating positive social change by making available novel solutions for decentralizing and disintermediating processes;

Demonstrating the viability of solutions enabling a more even distribution and sharing of information and resources which respects privacy while providing levels of transparency.

Stimulating the emerging community of developers and practitioners of ""blockchains for social good"" applications.

EIC Horizon Prize for 'Blockchains for Social Good'

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