Project description
Building a blockchain future for all businesses
A new technology that makes it possible for large groups of people or organisations (who may not know or trust each other) to collectively agree on and permanently record information, blockchain is making big waves. It has the potential to revolutionise how we share information and carry out transactions online. The EU believes that (when properly used) blockchain can provide significant benefits to European industry, economy and society as a whole. In this context, the EU-funded SettleMint project is developing a middleware solution (MINT) that can make it easy for companies to plug in on the blockchain technology. MINT has already been tested across different sectors – from banking to insurance to energy.
Objective
The blockchain technology is a very recent and is considered as the 4th Industrial Revolution. According to a global market survey by Juniper Research (2017), 60% of the large corporations are considering blockchain deployment during the next 2 to 10 years.
In addition, reports by the World Economic Forum (2017) reveal that more than 30 governments and 90 central banks are currently investing in blockchain, and more than 80% of banks are planning to initiate blockchain projects in the very near future.
The challenge, however, lies in a complexity of blockchain technology itself, as most organizations don’t have enough IT personnel & knowledge to deal with this digital transformation.
The specialized blockchain developers are very scarce - only approximatively ten thousands worldwide – and the training trajectory takes approximatively 18 months. This lead-time potentially means high investment costs and impacts on the competitive advantages.
At SettleMint, we bridge the gap between enterprise and blockchain technology by providing a middleware solution – MINT - that makes it easy for companies to plug-in on the blockchain technology in a few weeks’ time.
SettleMint has been established in 2016 in Leuven, Belgium by Roderik van der Veer and Matthew Van Niekerk who combined their expertise and passion for business and technology.
We have tested MINT across different sectors from banking, telecom, insurance to energy. We are now in a truly scale-up phase and we internationalize in fast pace.
Our MINT technology has been recognized by numerous awards, prized and media coverage.
Within this SME Instrument proposal we want to achieve a set of objectives to increase visibility of the company in the international markets, scale in sales and significantly increase headcount up to 244 professionals by end of 2022.
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: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
- natural sciencescomputer and information sciencescomputer securitycryptography
- social sciencespolitical sciencespolitical transitionsrevolutions
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.
Programme(s)
Call for proposal
(opens in new window) H2020-EIC-SMEInst-2018-2020
See other projects for this callSub call
H2020-SMEInst-2018-2020-2
Funding Scheme
SME-2 - SME instrument phase 2Coordinator
3071 KORTENBERG
Belgium
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.