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European Commissions [EC] "Blockchains for Social Good [BSG]" H2020 Challenge 2019 - ON-LINE

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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

			2. PRIZE AMOUNT(S) [1 - Budgetary Procedure]

	5 million (Euro), to be allocated in five awards of 1 million (Euro) each.

As at Wed 24 Oct 2018 1 million (Euro) is

	US Dollars		1,147.325.00	Pounds Sterling		883,436.40

	Australian Dollars	1,619,166.69	New Zealand Dollars	1,751,339.01

	Russian Roubles		75,169,937.32	Chinese Yuan		7,959,368.44

	Japanese Yen		128,935,803.70	South African Rand	16,356,552.72

	Malaysian Ringgits	4,775,697.85	Singapore Dollars	1,580,921.87

	Swiss Ftanc		1,141,581.71	Turkish Lira		6,608,163.43


[1] - Budgetary Procedure

In accordance with the budgetary procedure set in the Financial Regulation No 966/2012, the award of a prize
must be preceded by the adoption of the respective budget and the adoption of the financing decision. 

Since the prize amounts are only to be foreseen in the 2020 budget, they are subject to the availability of 
the appropriations provided for in the draft budget for 2020 after the adoption of the budget by the budgetary 
authority or, if the budget is not adopted, as provided for in the system of provisional twelfths.


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