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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

				7	PROCEDURE

In each application area, if there are more than 5 applications, there will be a pre-selection phase to select 
the best 5 applications to pass to jury review. Otherwise, all applications will pass directly to jury review.

The pre-selection panel and jury usually have a different composition, but jury members may participate in 
the pre-selection panel. 

Both the pre-selection panel and the jury will have a multidisciplinary composition, including technological, 
social and economic competences.

The selection process is planned to take place between September 2019 and February 2020.

The pre-selection panel/jury will evaluate each application against the 5 award criteria and score them as
follows (half marks are possible, decimals are not):

	Criterion 			     Threshold 			Maximum points

1. Positive social impact 			3 				6

2. Decentralisation and governance 		4 				6

3. Usability and inclusiveness 			3 				6

4. Viability at large scale 			3 				6

5. European added value 			4 				6
													
Overall Score 					18 (overall threshold)	 	30

For applications with the same overall score, the pre-selection panel/jury will determine a priority order
according to the following approach: the score for the criterion No 1 will be given a weight of 5, the score 
for criterion No 2 will be given a weight of 4, the score for criterion No 3 will be given a weight of 3, and 
the score for criterion No 4 will be given a weight of 2.

The best 5 applications in each application area will be invited as finalists to demonstrate and discuss their
solution during a hearing with the jury, which will take place either remotely or in Brussels.

On the basis of the evaluation by the jury, the Commission will decide on the award of the prizes. 

The prizes will be awarded to the best 5 solutions which address different application areas (each prize 
in a different area). 

If two or more applications tie for the first rank in a given category, the prize will be equally divided and 
awarded to all.

All participants will be informed by the end of March 2020 on the outcome of their application.


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