The European Innovation Council (EIC) Prize on Blockchains for Social Good has awarded €5 million to six winners selected in a call to identify scalable, deployable and high-impact blockchain solutions for societal challenges.
The winning solutions propose blockchain applications for fair trade and circular economy, increasing transparency in production processes and quality information, improving accountability and contributing to financial inclusion and renewable energy.
Most of the winning applications can be applied in rural areas and sectors to provide solutions to many of the current challenges faced. Of particular relevance for rural areas are the following winners:
- Decentralised Circular Economy: CKH2020, by French cooperative Kleros;
- Traceability & Fair Trade: PPP, by the UK social enterprise Project Provenance Ltd;
- Financial Inclusion: GMeRitS, by the Finnish University of Aalto; and
- Energy: PROSUME, by the Italian company Prosume srl.