Project description DEENESFRITPL Blockchain solution for corporate responsibility in mineral sourcing Minerals like gold, tin, tantalum, tungsten and copper are essential components in most electronic devices produced by today’s tech giants. However, as these valuable ores are extracted from conflict-torn countries, the companies involved face crucial ethical and legal risks. The EU-funded Minespider project presents the first fully integrated, Blockchain solution offering the conflict mineral sector the means to source responsibly and ensuring no breaches of human rights in at-risk origin countries. The solution relies on an innovative open, free, decentralised Blockchain protocol and uses a decentralised application to allow companies to create and sell certification data. Minespider allows the sector’s stakeholders to capitalise on their ethical activity. Show the project objective Hide the project objective Objective Minespider is the first fully integrated, blockchain solution which offers the conflict mineral sector the means tosource responsibly, ensuring no breaches of human rights in at-risk origin countries. Minerals like gold, tin,tantalum, tungsten or copper are essential components in most electronic devices today, and tech giants likeMicrosoft, Apple or Nokia rely on them to develop their products. The usage of these valuable ores, however,poses crucial ethical and legal risks for all companies involved, since many of them are extracted from conflict-torn countries like the Democratic Republic of Congo, further funding violence.Minespider answers to companies’ CSR concerns and upcoming legislation, by transforming today’s duediligence on mineral sourcing from a costly service, into a commodity, allowing mines, processors, transportersand other stakeholders to capitalize on their ethical activity. Minespider was developed based on an innovativeopened, free, decentralized blockchain protocol and uses a DApp to allow companies to create and sellcertification data. This way, Minespider incentivises all stakeholders in the sector to responsible sourcingstraight from extraction and following up along the entire chain.The team has extensive experience in the domain area and aims to scale the business to €50M to serve 2.000active users by 2024, covering mineral supply chains worldwide. Fields of science engineering and technologymechanical engineeringmanufacturing engineeringnatural scienceschemical sciencesinorganic chemistrytransition metalsnatural sciencescomputer and information sciencescomputer securitycryptographyengineering and technologymaterials engineeringtextilesnatural scienceschemical sciencesinorganic chemistrypost-transition metals Programme(s) H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs Main Programme H2020-EU.3. - PRIORITY 'Societal challenges H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies Topic(s) EIC-SMEInst-2018-2020 - SME instrument Call for proposal H2020-EIC-SMEInst-2018-2020 See other projects for this call Sub call H2020-SMEInst-2018-2020-1 Funding Scheme SME-1 - SME instrument phase 1 Coordinator MINESPIDER AG Net EU contribution € 50 000,00 Address DAMMSTRASSE 16 6300 Zug Switzerland See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Schweiz/Suisse/Svizzera Zentralschweiz Zug Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 71 429,00
