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
- natural sciencescomputer and information sciencescomputer securitycryptography
- engineering and technologyenvironmental engineeringenergy and fuelsfossil energynatural gas
- social scienceseconomics and businessbusiness and managementbusiness models
- natural sciencesbiological sciencesecologyecosystems
- social scienceseconomics and businessbusiness and managementcommerce
Programme(s)
Funding Scheme
SME-1 - SME instrument phase 1Coordinator
08015 BARCELONA
Spain
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.