Blockchain is a technology that enables trustworthy, transparent and verifiable interactions and transactions. Blockchain therefore has the potential to support the European economy and to benefit European society. 32 % of blockchain start-ups are located in Europe (in 2019) – a technology where European SMEs can have their main start-ups. Blockchain technologies are particularly important for the digital sector: trust is an essential element for ensuring the growth of the digital economy.
The European Commission therefore supports blockchain at political, legal, regulatory and financial levels. To strengthen Europe’s leadership in blockchain, the European Commission has launched various initiatives, including the Horizon 2020 Innovation Support Action (INNOSUP).
INNOSUP supported a number of blockchain-related projects to show how policy makers and innovation agencies can support SMEs in adopting blockchain technology. These actions aim to remove barriers to blockchain deployment.
‘Blockchain in Practice: Supporting blockchain and DLT in European SMEs’, published in September 2021, presents five INNOSUP projects and their results. A total of around EUR 10 million was spent, of which EUR 5.1 million was for SMEs.
⚠ disclaimer: The text has been automatically translated from the European platform Digital Skills and Jobs. If you have found errors in the text, please contact digikoalice@npi.cz