Block.IS organises 4 Challenges to the European community of entrepreneurs. Up to eight (8) SMEs will be selected to participate at each Challenge and two (2) winners per Challenge, in total eight (8) SMEs, will receive 3.000€ and directly enter the INNOVATE phase of the 2nd acceleration process where they will be invited to networking events to showcase their work and get the chance to compete for the full 60.000€ as well as receive mentoring services.
Blockchain has gained tremendous momentum globally and is recognized as a disruptive technology platform that has the potential to greatly disrupt many sectors. In the financial industry, where this challenge will focus, Blockchain technology has already proven its versatility and positive impact. From allowing lower costs and faster execution of transactions to improving the transparency and auditability of operations, Blockchain facilitates safe, easy exchanges and build trusts quickly between partners.
The coronavirus (COVID-19) outbreak is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. The situation is fast-moving with wide impacts. One of the consequences of the pandemic is that both bank and non-bank lenders, as well as servicers, face some unique challenges at the moment. And it is exactly one of these challenges that we will ask you to solve, using the blockchain technology.
The Challenge will be held on July 8th. The Application Period will be open until June 30th (17:00 CEST).