Laboratory Data Marketplace Accepted to Block.IS Experiment Stage

BlockIS is an accelerator that received funding from the European Union’s Horizon 2020 research and innovation program. Its mission is to find SMEs and startups with strong market potential and innovative blockchain tech solutions in the agrifood, logistics, and finance sectors.

These three sectors are of significant importance for a stable EU economy. EU’s agrifood sector has a powerful global competitive position as the largest food and drink exporter with a market share of 18%. The logistics sector adds up to 14% of the EU’s GDP and is expected to grow 40% by 2040. The financial sector makes up to 20–30% of total service market revenue and about 20% of the total gross domestic product in EU economies. Their re-industrialization, leveraging innovation and digital intelligence, is crucial for the continuous growth of the EU economy.

The 21st century is marked by many auspicious and disruptive technologies. Blockchain technology is definitely one of them and has been acknowledged by many influential people and institutions including the European Commission and the World Economic Forum. Its uniqueness is a blend of elements that enables solving problems with provenance, transparency, traceability, efficiency, trust, and data sharing. With the blockchain, it is possible to generate value and information in a decentralized, trusted, and programmable way. Such groundbreaking technology could dramatically help businesses stay competitive and secure in the future.

This project has received funding from the European Union’s Horizon 2020 research and innovation program under grant agreement №824509.