EU Call for Proposals: Blockchain and distributed ledger technologies for SMEs

Blockchain and other distributed ledger technologies (DLTs) enable parties who are geographically distant or have no particular trust in each other to interact and exchange value and information on a peer-to-peer basis with fewer to non-existent central intermediaries. Beyond well-known applications in the financial sector, new developments are emerging in other fields.
Applications are closed
10 months ago

Blockchain and other distributed ledger technologies (DLTs) enable parties who are geographically distant or have no particular trust in each other to interact and exchange value and information on a peer-to-peer basis with fewer to non-existent central intermediaries. Beyond well-known applications in the financial sector, new developments are emerging in other fields. The broader potential of DLTs to change how businesses operate at industrial and market levels for instance, in particular how they produce and deliver goods and services, is swiftly becoming a tangible reality.

DLTs' ground-breaking properties allow immutable, near-tamper proof, decentralized and real time mechanisms for enabling, storing and securing nearly any type of data-based transaction or process. DLTs provide opportunities in terms of communication, efficiency, security, reliability and transparency, such as helping to reduce fraud and counterfeiting, lowering operational costs, enhancing safety and efficiency of transactions, or automating digital manufacturing operations.

Some applications are already being developed in the fields of B2C (business to consumer) and B2B (business to business), where they are illustrating the potential of radical organizational shifts towards more collaborative and automated processes. But, at the same time, such deployments within these and other business or industrial fields are also presenting a number of challenges which may impede the uptake of DLTs by SMEs, ranging from interoperability, standards and intellectual property to liability, data protection, algorithmic accountability and reliability of automated systems.

Scope:

The Action will be a piloting scheme for the uptake of DLTs by SMEs. It will aim at testing in real conditions the opportunities, challenges, risks and necessary conditions associated with DLTs in different context and sectors. Thereby it will stimulate (i) the uptake of DLTs by SMEs and inspire others to follow, and equally (ii) it will sensitize intermediaries to develop their expertise in this respect and (iii) it will help draw lessons for policy makers and regulators.

It will include and make use of financial support to third parties to allow for 20-30 SMEs to test concrete applications of DLTs in their respective field with technology suppliers (budget for each third party not exceeding EUR 50,000). The selection of entities involved in the pilots, the match-making process, the monitoring of each case as well as the management of the financial support to third parties will be ensured by the coordinator. At least 50% of the total proposed budget shall be allocated to financial support to third parties (please refer to the grant conditions for this topic).

The Commission considers that proposals requesting a contribution from the EU of up to EUR 1.5 million would allow this specific challenge to be addressed appropriately. Nonetheless, this does not preclude submission and selection of proposals requesting other amounts.

Expected Impact:

  • More SMEs take advantage of the opportunities offered by DLTs.
  • More intermediaries are familiar with DLTs and equipped to assist SMEs in this field.
  • Improved framework conditions for the uptake of DLTs and the mitigation of related risks.
The Deadline to submit an application: 15 May 2018 17:00:00 (Brussels time)
 
Source: The European Commission
 

Illustration Photo: Bottling plant (credits: TU Lankide / Flickr Creative Commons Attribution-NonCommercial-NoDerivs 2.0 Generic (CC BY-NC-ND 2.0))

Read more

Comments

No comments to display.

Related posts

Call for Applications: Go Green in the City 2019

The Go Green in the City challenge is now entering its 9th year running and our 2019 edition is going to be even bigger, better and bolder! We are looking for students like you from around the world who are willing to put their skills and ideas to the test.
Application Deadline in 4 months

Renewable Energy the Most Competitive Source of New Power Generation in GCC

Under current plans, the region will install 7 gigawatts (GW) of new power generation capacity from renewable sources by the early 2020s

A Glimpse of What Lies Ahead for the Silicon Photonics Market

The global silicon photonics market is expected to account for sales of over $737 million by 2023 growing at a CAGR of 35% during 2018-2023. The silicon photonics finds its major application area to be in the telecommunications with over 69% market share in terms of revenue in 2017.

A Diagnostic Device for In-Situ Detection of Swine Viral Diseases: The SWINOSTICS Project

In this paper, we present the concept of a novel diagnostic device for on-site analyses, based on the use of advanced bio-sensing and photonics technologies to tackle emerging and endemic viruses causing swine epidemics and significant economic damage in farms.

Online security assessment framework helps businesses cope with increased use of personal devices

Employees increasingly access sensitive company data remotely, often from personal devices where social media networks hold a prominent place. Easy targets for cyber criminals? Members of the DOGONA consortium believe so, and they have devised a risk assessment framework to help businesses alleviate this threat.

Proagrica Highlights Top Data Trends for Agribusiness in 2019

For businesses in the supply chain, data solutions can form the backbone of sustainable growth, ensuring robust internal operations that are future-proofed and primed for data integration and insight which presents a potential landscape of dynamic new services and ways of working adding value to both businesses and their customers.

Intel and Alibaba announced the development of athlete tracking technology powered by artificial intelligence

Intel and Alibaba announced on the eve of CES that the companies are teaming to develop athlete tracking technology powered by artificial intelligence (AI) that is aimed to be deployed at the Olympic Games 2020 and beyond. The technology uses existing and upcoming Intel hardware and Alibaba cloud computing technology to power a cutting-edge deep learning application that extracts 3D forms of athletes in training or competition.

Vietnam announced a list of 13 key agricultural products

The Ministry of Agriculture and Rural Development (MARD) has announced a list of 13 key agricultural products of Vietnam.The list includes rice, coffee, rubber, cashew nuts, pepper, tea, vegetables and fruit, cassava and cassava products, pork, meat and eggs, tra fish, shrimp, wood and wood products.

Call for Nominations: World Food Prize Foundation - Food Security and Agricultural Champions

The World Food Prize Foundation is currently accepting nominations for its globally renowned award that recognizes the accomplishments of individuals who have advanced human development by improving the quality, quantity or availability of food in the world. The World Food Prize is the foremost international award recognizing the accomplishments of individuals who have advanced human development by improving the quality, quantity, or availability of food in the world.
Application Deadline in 3 months

7 Blockchain ETFs to invest in

ETFs have been around for a long time and have been used to track benchmark indexes such as the NASDAQ-100, the Standard & Poor’s (S&P) 500, and the US Dow Jones Industrial Average (DJIA). Stock market investors also use these indexes to monitor their portfolio strength as well as compare it with the overall market.