European Blockchains for Social Good
Fund Name: Blockchains for Social Good
Project Length: Varies
Project Value: Share of €5M
The challenge of the Blockchains for Social Good is to develop scalable, efficient and high-impact decentralised solutions to social innovation challenges leveraging Distributed Ledger Technology (DLTs), such as the one used in blockchains.
DLT in its public, open and permissionless forms is widely considered as a ground-breaking digital technology supporting decentralised methods for consensus reaching as well as sharing, storing and securing transactions and other data with fewer to no central intermediaries.
Application areas of social innovations in which decentralized solutions based on DLTs have shown clear benefits over conventional centralised platform solutions:
a) demonstrating the origin of raw materials or products and supporting fair trade and the fair monetization of labour;
b) allowing for a greater visibility of public spending and a greater transparency of administrative and production processes;
c) participation in democratic decision-making by enabling accountability, rewarding of participation and/or anonymity;
d) enabling the development of decentralized social networks or clouds, or of decentralized platforms for the collaborative economy;
e) managing property, land registry or other public records;
f) contributing to financial inclusion;
g) any other area not listed above.
Applicants are expected to put in place software platforms or services, accessible online on the web or through mobile apps, in the form which is most convenient for the intended purpose.
The contest is open to all legal entities (i.e. natural or legal persons, including international organisations) or groups of legal entities.
The fund will be awarded, after the closure of the contest, to the contestant(s) who, in the opinion of the jury, demonstrates a solution that best meets the following cumulative criteria:
- Social impact: both potential and already achieved by the implementation of the solution (e.g. size of the community of users engaged by the actual implementation)
- Decentralisation and governance: improvements in transparency and accountability (while respecting privacy and/or anonymity)
- Usability and inclusiveness
- Viability at large scale: cost-efficiency (including energy consumption), scalability, security, and sustainability
- Clear added value of the demonstrated implementation for European citizens, in societal, economic or environmental terms
€5 million, to be allocated in five awards of €1 million each
This challenge is targeted at a wide range of actors: individuals, social entrepreneurs, civil society organisations, research centres from technological and social disciplines, creative industries, students, hackers, start-ups and SMEs. Tackling this challenge requires multidisciplinary expertise.
While entrants are free to commercially exploit applications and services based on the developed solutions, their source code is required to be released under an Open Source Licence.
- 16 May 2018 – contest opens
- 2 April 2019 – deadline for registration of interest
- 3 September 2019 – deadline to submit applications
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If you think that you might be eligible for Blockchains for Social Good, please Get In Touch by filling out the contact form below.Back to all funds