Block.IS Challenges

Block.IS, the European Blockchain project accelerates innovation in the areas of agrifood, logistics and finance by supporting blockchain-based application proposals from market-oriented SMEs by investing up to 60.000€ (equity free) and offering mentoring services in the most promising SMEs.

The Block.IS Second acceleration process has three phases:

  • INNOVATE (where total 45 proposals will enter),
  • EXPERIMENT (where the 23 top projects from the INNOVATE phase will enter) and
  • COMMERCIALISE (where the 10 top projects from the EXPERIMENT phase will enter).

In parallel, 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.

IMPORTANT: Deadline for each Block.IS Challenge application submission is extended until July 3rd, 17:00 CEST (Brussels Time).

USEFUL INFORMATION

Block.IS Challenges Information Pack

Provides a set of information regarding Block.IS Challenges – such as Context, Eligibility Criteria, Agenda, as well as Motivation and Theme of each Challenge.

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We may be facing a change of paradigm on agrifood. European Commission has made a proposal to restore our endangered ecosystem and natural habitat while increasing our resilience and food sovereignty. #EUGreenDeal #EUBiodiversity.

Clusters and Agrifood Associations can play a significant role in providing support to the complete food value chain From Farm to Fork. The main goal is to make food systems fair, healthy and environmentally friendly. Blockchain technology could make a solid contribution to create trust and transparency in the food value chain.

The agrifood sector has shown itself capable of resisting a global pandemic and the countless problems it implies, such as the closure of borders. Innovation and development are essential to the evolution of a sector of vital importance to our regions.

Preventing new sanitary risks, improving production and logistics processes and optimizing systems will be key to ensure that products and the supply chain can withstand further potential national and international crises.

In the logistics industry, there are some areas in which blockchain technology can lead to a fundamental change. Many processes have not changed in decades and still happen on paper. This not only harms our environment but is also slow, expensive, manipulable and out of date. The use of blockchain technology, with all its advantages, could speed up the processes and thereby reduce administration costs as well as ensure the transparency and authorisation of the goods.

Blockchain has gained tremendous momentum globally and is recognised 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.