EIC Horizon prize 'Blockchains for Social Good' published

The EC has published a new EIC Horizon Prize for 'Blockchains for Social Good'. Deadline of submissions is September 3, 2019. The budget available is € 5 million, of which one prize will be awarded. The challenge is to develop scalable, efficient and high-impact decentralised solutions to social innovation challenges leveraging Distributed Ledger Technology (DLTs), such as the one used in blockchains.

DLT in its public, open and permissionless forms is widely considered as a ground-breaking digital technology supporting decentralised methods for consensus reaching as well as sharing, storing and securing transactions and other data with fewer to no central intermediaries. In the wake of the widespread public attention for Bitcoin, several financial applications based on blockchains are already under development. However, the potential of DLTs to generate positive social change by decentralising and disintermediating processes related to local or global sustainability challenges is still largely untapped. 

The contest is open to all legal entities (i.e. natural or legal persons, including international organisations) or groups of legal entities.