Project description
Innovative privacy-preserving digital payment system
Numerous sectors, including publishing and e-health, rely on electronic payment systems. However, privacy concerns remain a challenge for this payment method. The EU-funded TALER project seeks to address these issues by introducing GNU Taler, a privacy-preserving digital payment system that benefits European citizens, merchants, and banks. This system ensures transparency for sellers while safeguarding the privacy of buyers. TALER aims to make the system available via retail banks and advance it to Technology Readiness Level (TRL) 9. The project’s go-to-market strategy focuses on three verticals: publishing, e-health, and the Free/Libre and Open Source Software (FLOSS) ICT supply chain. The system will enable micropayments with low overhead and influence discussions surrounding the digital currencies of central banks.
Objective
TALER will roll out a new electronic payment system that benefits European citizens,
merchants, and banks.
GNU Taler is a privacy-preserving digital payment system developed by
the GNU community and Taler Systems SA with additional funding from
various NGI calls (NGI0 PET, NGI0 Entrust, NGI POINTER, NGI TRUST).
GNU Taler offers privacy for the buyer while enforcing
transparency on sellers. As a result, citizens do not suffer from
surveillance when paying with GNU Taler, and States can
ensure that businesses can be held accountable for their
income and pay their taxes.
The first vertical addressed by TALER is the financial industry.
TALER will bring GNU Taler to TRL 9 by making GNU TALER available as payment
system via retail banks (via GLS and MAGNET Bank).
TALER counts three verticals for its go-to-market strategy. The first is the
publishing sector: independent book publishers and journalists
will integrate the sector with GNU Taler as a viable payment system. The e-health sector
will implement GNU Taler as payment option for e-Health providers to guarantee
privacy of the payer. Finally, the FLOSS ICT supply chain vertical will integrate
GNU Taler in the FLOSS development ecosystem for donations and pledges.
We expect TALER to have several long lasting impacts:
By providing micro payments at very low overhead GNU Taler permits
Internet business models to shift away from
advertising revenue or subscription models, especially for online
publishers,
The no-risk transactions will lower transaction fees and open online payments
for the underbanked population and citizens marginalized from digitalisation.
Finally,
easy to use, efficient and privacy-respecting commercial payments will
likely impact the debate on central bank digital currencies (CBDCs)
such as the Digital Euro, as central banks globally struggle to
present a compelling use-case for their retail CBDC projects.
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.
- medical and health sciences health sciences health care services eHealth
- social sciences media and communications journalism
- natural sciences computer and information sciences internet
- social sciences sociology governance taxation
- natural sciences biological sciences ecology ecosystems
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.
-
HORIZON.2.4 - Digital, Industry and Space
MAIN PROGRAMME
See all projects funded under this programme -
HORIZON.2.4.6 - Next Generation Internet
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.
HORIZON-IA - HORIZON Innovation Actions
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) HORIZON-CL4-2023-HUMAN-01-CNECT
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.
5612 AE Eindhoven
Netherlands
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.