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BLOCKCHAIN BASED PLATFORM FOR BRINGING SLOW FOOD IDEAS AND FAMILY OWNED FARMING TO CYBERSPACE

Project description

Empowering small-scale European gourmet food producers

In recent decades, small-scale farmers and producers of traditional specialty foods, particularly in Mediterranean countries, have experienced a drop in sales due to decreased domestic consumption. This compels them to reach out to export markets, where it is difficult to establish direct producer–consumer relationships without distributors stepping in and taking their share of profits. The EU-funded I Go Slow project intends to develop and promote an innovative blockchain platform based on a token ecosystem that will provide a secure, cost-efficient and easy-to-use means for farmers/producers to communicate directly with consumers, thus eliminating the need for wholesaler intervention. The platform will provide financial support for small-business artisans and preserve traditions in food production.

Objective

During the last decades farming and production of gourmet foods, traditionally dominated by Mediterranean region, experienced a setback because of decrease of inhouse consumption. This forced the whole market towards export to strong economies with high quality of life. Export markets bring challenges to small farms and producers of gourmet foods. They have no experience and funds to cope with refocus from local sales to export. This puts them into disadvantage reaching international markets. The wish to get the share in export forces farms to accept wholesalers as a necessity, to sell at 30-50% of prices, to agree that distributors get the largest share of value created by farmers.
I Go Slow offers a unique solution for the problems of the industry. The main objective is to develop a platform based on integration of Internet, e-commerce, Cloud and Blockchain technologies for promoting key ideas of Slow Food movement and family owned farming into cyberspace. For farmers the platform provides a user-friendly, reliable channel for presenting themselves directly to consumers without intermediaries. It requires little if any marketing funds, and allows engaging with customers directly for visits, product sales and sharing next harvest. All interactions are supported by underlying Blockchain technology and carried out with the use of a native Slow Token ecosystem. Any interaction between farmers and consumers strengthens Authenticity Rates, leaves no space for manipulations of intermediaries and builds trust. Trust gives credibility to farmers. It contributes to the secure content of global cyberspace.
I Go Slow platform offers producers a compelling proposition to increase their global exposure, maximize profit by getting most of the created value themselves. It is a socially responsible proposition as I Go Slow will monetize the business using commission fees on transactions instead of subscription fees.

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Programme(s)

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Topic(s)

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Funding Scheme

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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.

(opens in new window) H2020-EIC-SMEInst-2018-2020

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Coordinator

VOVERE IR RIESUTAS, MB
Net EU contribution

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.

€ 50 000,00
Address
V. NAGEVICIAUS G. 3
08237 VILNIUS
Lithuania

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Lietuva Sostinės regionas Vilniaus apskritis
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost

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.

€ 71 429,00

Participants (1)

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