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European Commissions [EC] "Blockchains for Social Good [BSG]" Challenge 2019
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"Blockchain" applications are appearing in many industries
This may be the reason that the European Commission [EC] has announced a new
Challenge for 2019 called "Blockchains for Social Good"
The Prize for this challenge is 5 winners of Euro 1,000,000 each
The timetable to submit an application is
1 16 May 2018 - contest opens
2 02 Apr 2019 - deadline for registration of interest
3 03 Sep 2019 - deadline to submit applications
1 THEME: 'BLOCKCHAINS FOR SOCIAL GOOD
1.1 Objectives pursued
1.2 Expected results
1.1 Objectives pursued
The objective of the prize is to develop scalable, efficient and high-impact decentralized 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 decentralized methods for consensus reaching as well as sharing, storing and securing transactions
and other data with fewer to no central intermediaries.
In the wake of the widespread public attention for Bitcoin, several financial applications based on DLTs are
already under development.
However, the potential of DLTs to generate positive social change by decentralising and disintermediating
processes related to local or global sustainability challenges is still largely untapped.
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.
1.2 Expected results
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, in line with the objectives stated
above.
As a whole, it is expected that launching a prize for the development of such novel solutions for decentralizing
and disintermediating processes will:
a Pioneer decentralized models addressing global and/or local sustainability challenges;
b Generate positive social change;
c Demonstrate the viability of solutions enabling a more even distribution and sharing of information
and resources which respects privacy while providing levels of transparency;
d Stimulate the emerging community of developers and practitioners of "blockchains for social good"
applications.
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