True digitalisation of all transactional administration in the trade value chain through smart legal contracts.

Project description

Innovative system for true digitalisation of transactional administration

The trade finance market is a multi-trillion euro industry. However, there is an unmet demand and low-value transactional administration reduces revenues. The EU-funded QuidProQuo project will develop an ecosystem of smart, integrated platforms and services that permit true digitalisation of transnational administration in the trade value chain. The system can save up to 12 % of the annual revenue and provides trade finance for small and medium-sized enterprises (SME). QuidProQuo targets enterprises involved in trade settlements, payments, finance, and other stakeholders. Over 60 customer discoveries with enterprises of various sizes and industries demonstrated a definitive demand for the system. The project aims now to identify pilot customers.

Fields of science

• natural sciences › biological sciences › ecology › ecosystems
• social sciences › economics and business › business and management › employment
• social sciences › law

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

QPQ LIMITED

Net EU contribution

€ 50 000,00

Address

Business Barn, Kellystown House
W23 R20V Leixlip Kildare
Ireland

Region

Ireland › Eastern and Midland › Mid-East

Activity type

Private for-profit entities (excluding Higher or Secondary Education Establishments)

Links

Other funding

€ 21 429,00