Project description
Building a blockchain future for all businesses
A new technology that makes it possible for large groups of people or organisations (who may not know or trust each other) to collectively agree on and permanently record information, blockchain is making big waves. It has the potential to revolutionise how we share information and carry out transactions online. The EU believes that (when properly used) blockchain can provide significant benefits to European industry, economy and society as a whole. In this context, the EU-funded SettleMint project is developing a middleware solution (MINT) that can make it easy for companies to plug in on the blockchain technology. MINT has already been tested across different sectors – from banking to insurance to energy.
Objective
The blockchain technology is a very recent and is considered as the 4th Industrial Revolution. According to a global market survey by Juniper Research (2017), 60% of the large corporations are considering blockchain deployment during the next 2 to 10 years.
In addition, reports by the World Economic Forum (2017) reveal that more than 30 governments and 90 central banks are currently investing in blockchain, and more than 80% of banks are planning to initiate blockchain projects in the very near future.
The challenge, however, lies in a complexity of blockchain technology itself, as most organizations don’t have enough IT personnel & knowledge to deal with this digital transformation.
The specialized blockchain developers are very scarce - only approximatively ten thousands worldwide – and the training trajectory takes approximatively 18 months. This lead-time potentially means high investment costs and impacts on the competitive advantages.
At SettleMint, we bridge the gap between enterprise and blockchain technology by providing a middleware solution – MINT - that makes it easy for companies to plug-in on the blockchain technology in a few weeks’ time.
SettleMint has been established in 2016 in Leuven, Belgium by Roderik van der Veer and Matthew Van Niekerk who combined their expertise and passion for business and technology.
We have tested MINT across different sectors from banking, telecom, insurance to energy. We are now in a truly scale-up phase and we internationalize in fast pace.
Our MINT technology has been recognized by numerous awards, prized and media coverage.
Within this SME Instrument proposal we want to achieve a set of objectives to increase visibility of the company in the international markets, scale in sales and significantly increase headcount up to 244 professionals by end of 2022.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- natural sciences computer and information sciences computer security cryptography
- social sciences political sciences political transitions revolutions
You need to log in or register to use this function
We are sorry... an unexpected error occurred during execution.
You need to be authenticated. Your session might have expired.
Thank you for your feedback. You will soon receive an email to confirm the submission. If you have selected to be notified about the reporting status, you will also be contacted when the reporting status will change.
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
-
H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
See all projects funded under this programme -
H2020-EU.3. - PRIORITY 'Societal challenges
See all projects funded under this programme -
H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
See all projects funded under this programme
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-2 - SME instrument phase 2
See all projects funded under this funding scheme
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-EIC-SMEInst-2018-2020
See all projects funded under this callCoordinator
Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
3071 KORTENBERG
Belgium
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.