Blockchain innovation is a big yet unseized opportunity for SMEs in NWE. It has the potential to transform 3 of NWE’s top 5 sectors with €600bn turnover (agrofoods, logistics, health) that have shared transnational data challenges.
SMEs in agrofoods, health and logistics rely heavily on data transactions across countries, eg; tracking shipments real-time across 20-30 organisations, sharing sensitive medical records between practitioners or for research, or assuring the safety, quality, and origin of food produce. SMEs are particularly vulnerable to risks in delayed invoices & cash flow, data security, and errors in data.
Blockchain transforms data transactions by allowing for automated, efficient and secure transactions between parties that do not need to trust each other. SMEs are unable to develop & implement blockchain solutions alone, with most R&D projects and investments targeting large corporates/the finance sector, and SME-specific solutions are stuck at Technology Readiness Level TRL 4. BSTART develops and demonstrates 4 blockchain solutions to TRL 6 in 12 SMEs enabling 10% operational efficiency, reducing costs of data errors by 20% and data security by 30%.
BSTART selects 60 SMEs from UK/FR/DE/NL/BE to target 4 shared challenges (eg data security, tracking & invoicing). A transnational team of experts (on business models, security and incubation) and SMEs co-develop solutions such as digital smart contracts, medical e-records or combined food databases. Cross-sectoral transnational challenges allow solutions with 70% common architecture & only 30% customisation. Transnational collaboration enables connecting multiple organisations and SMEs to enter their records or blocks to the chain, thus creating value from critical mass. 1710 SMEs in partner networks will have access to the solutions and results of the testing, with 300 SMEs adopting, adding €100m turnover and 500 jobs in 5y. This brings NWE to the helm of EU blockchain innovation.
Windesheim University of Applied Sciences
Medicen Paris Region
3-5 Impasse Reille
East Netherlands Development Agency
P.O Box 1026
BioRegio STERN Management GmbH
The University of Surrey
388 Stag Hill
49 Place du général de Gaulle
12 Mr. E.N. van Kleffensstraat
Brightlands Smart Services Campus (business name) Campus Heerlen Management & Development BV (legal name)
|Brightlands Smart Services Campus (business name) Campus Heerlen Management & Development BV (legal name)||Roger Bons||
|Windesheim University of Applied Sciences||Michiel Steemanfirstname.lastname@example.org||Netherlands|
|Medicen Paris Region||Daniela Onofriemail@example.com||France|
|East Netherlands Development Agency||Ingmar Janssen||Ingmar.Janssen@oostnl.nl||Netherlands|
|Multitel asbl||François Narbonneaufirstname.lastname@example.org||Belgium|
|BioRegio STERN Management GmbH||Margot Jehleemail@example.com||Germany|
|The University of Surrey||Caroline Flemingfirstname.lastname@example.org||United Kingdom|
|Option Public||Renaud Kusbergemail@example.com||France|
|ChainPoint B.V.||Geoff Taylorfirstname.lastname@example.org||Netherlands|