February 25th, 2019
BLOCKCHERS is a new Horizon 2020 project that will facilitate the revolution of Distributed Ledger Technologies, DLTs, (those based on the concept of distributed ledger to validate transactions in a network) across European SMEs.
This accelerator for SMEs working with blockchain technologies will manage a fund of 750,000€ aimed at financing real world use cases of blockchain technologies in traditional sectors. The project has been launched this week in Brussels and ZABALA Innovation Consulting will coordinate the initiative.
The DLTs have a limitless potential for use cases across all industries (industry, energy, financial services, health, agri-food, etc.). With many of the leading DLT start-ups in some of the main European cities, the EC has the potential to have a leading position in the innovation race to a DLT transition.
DLTs will definitely streamline business processes and offer a great potential for reducing costs and complexity of processes. This is the main driver supporting the rise of DLT applications. Currently there is a huge community of innovative SMEs with excellent ideas to contribute to the DLT uptake. However, the sectors in which DLTs make sense, besides fintech, could be those in which existing SMEs do not have enough knowledge on how DLTs work nor how they could uptake these technologies (traditional SMEs).
In addition, a regulatory framework should foster the uptake and prevent from fraudulent actions such as i.e. those linked to the anonymity of users in transactions. Furthermore, Blockchain SMEs face uncertain regulation that limits their scope of action and imply a risk for their growth.
To address these challenges a consortium of four organisations with relevant profiles has been built. ZABALA Innovation Consulting, as coordinator and expert on “cascade – funding” management with project as the Finodex FIWARE accelerator, the European Data Incubator, IRSUS, or NGI Fellowship and innovation services provision to SMEs and start-ups EU-wide. Innomine, as expert company working on acceleration and piloting/use cases in the CEE market for the Digital Innovation Hubs.
BLOCKCHERS is a new Horizon 2020 project that will facilitate the revolution of Distributed Ledger Technologies, DLTs, (those based on the concept of distributed ledger to validate transactions in a network) across European SMEs.
This accelerator for SMEs working with blockchain technologies will manage a fund of 750,000€ aimed at financing real world use cases of blockchain technologies in traditional sectors. The project has been launched this week in Brussels and ZABALA Innovation Consulting will coordinate the initiative.
The DLTs have a limitless potential for use cases across all industries (industry, energy, financial services, health, agri-food, etc.). With many of the leading DLT start-ups in some of the main European cities, the EC has the potential to have a leading position in the innovation race to a DLT transition.
DLTs will definitely streamline business processes and offer a great potential for reducing costs and complexity of processes. This is the main driver supporting the rise of DLT applications. Currently there is a huge community of innovative SMEs with excellent ideas to contribute to the DLT uptake. However, the sectors in which DLTs make sense, besides fintech, could be those in which existing SMEs do not have enough knowledge on how DLTs work nor how they could uptake these technologies (traditional SMEs).
In addition, a regulatory framework should foster the uptake and prevent from fraudulent actions such as i.e. those linked to the anonymity of users in transactions. Furthermore, Blockchain SMEs face uncertain regulation that limits their scope of action and imply a risk for their growth.
To address these challenges a consortium of four organisations with relevant profiles has been built. ZABALA Innovation Consulting, as coordinator and expert on “cascade – funding” management with project as the Finodex FIWARE accelerator, the European Data Incubator, IRSUS, or NGI Fellowship and innovation services provision to SMEs and start-ups EU-wide. Innomine, as expert company working on acceleration and piloting/use cases in the CEE market for the Digital Innovation Hubs.