Periodic Reporting for period 1 - EB2BSN (Let us build the first European Business-to-Business Social Network)
Reporting period: 2014-10-01 to 2015-03-31
ALG’s objectives are to: – Reduce the administrative burden on businesses by simplifying processes of legal compliance between customers and suppliers; – Contribute to the effort on countering unfair competition and support regulation in the context of worker secondment.
Because of the European directive 2014/24/EU that reinforces the obligation of diligence in Europe, the objectives of this action are to: – Investigate on the possibility of deploying ALG’s solution on a European scale; – Identify European countries and markets where a deployment of our solution is economically profitable and create value.
In addition to this economic study, we also conducted a study of Intellectual Property and technological aspects related to our project.
This feasibility study helped us in identifying competitors confirming that there is a market to be addressed. This enabled us to identify key differentiation points that will allow us to conquer market shares.
For instance, our Business-to-Business social network approach is not adopted by any of our competitors. This illustrates the disruptive nature of our project because this approach will bring innovative services and benefits to European businesses.
We also concluded that the barriers to entry are low on several markets such as the construction and the transport industry markets which are concerned about assessing the legal compliance of suppliers.