Project description
Blockchain solutions for smooth supply chains
Today’s supply chains are undergoing rapid transformation and require new technologies to support them. For instance, Blockchain can store and distribute information securely across a network of users. The Blockchain market is gaining enormous impact on businesses simplifying and securing complex processes and is likely to reach USD 7 billion value by 2022. The EU-funded MARCO project aims to enable companies to incorporate Blockchain solutions within their value and supply chains with the novelty solutions of the MARCO secure platform. It will enable them to optimise their operations, create convenient contracts, easy contacts with clients, secure digital payments and legal, technical and operational tasks.
Objective
The Blockchain market surpassed $400 million in 2017 and it is expected to go up to $7 billion by 2022. One of the main factors
causing this rapid growth is the increasing demand for simplified business processes. Blockchain-as-a-service solutions like MARCO
are expected to drive the growth of the global market. The digital transformation of international trade and supply chains and the
high adoption of Blockchain technology in the sector, make this an ideal entry point for MARCO.
Current supply chains, unlike the underlying technology for managing them, have transformed enormously. The market is looking
for solutions based on the latest technologies, like blockchain, to improve their network. With MARCO’s technology, companies can
rebuild their approach to supply chain management at the ecosystem level and achieve a trusted integrated global view.
MARCO is a secure platform compatible with regulations and easy to use, which optimizes supply chain operations by implanting
digital solutions based on Blockchain technology in a profitable way; allowing companies to work with smart contracts and digital
payments, overcoming legal, technical and operational complications.
There are several competitors of MARCO platform at different scales for smart contracts apps development. The most important
thing about MARCO and The business model will be SaaS (Software as a Service) based on a close relationship with each customer,
which due to the customisability of MARCO, will be a combination of pay-per-user and technical consulting service revenues.
Estimating a progressive penetration of our solution, our forecast for total revenue in the 5th year of sales is €12.1 million.
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.
- natural sciences computer and information sciences software
- natural sciences computer and information sciences computer security cryptography
- engineering and technology environmental engineering energy and fuels fossil energy natural gas
- social sciences economics and business business and management business models
- social sciences economics and business business and management commerce
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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.
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H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
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H2020-EU.3. - PRIORITY 'Societal challenges
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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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.
SME-1 - SME instrument phase 1
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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-EIC-SMEInst-2018-2020
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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.
08015 BARCELONA
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.