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SettleMint SIGNED

The distributed Blockchain middleware that allows business worldwide to build business solutions with Blockchain technology

Total Cost €

EC-Contrib. €

Partnership

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SettleMint project word cloud

Explore the words cloud of the SettleMint project. It provides you a very rough idea of what is the project "SettleMint" about.

lies headcount investing middleware bridge developers roderik telecom months complexity digital initiate training transformation mint awards prized plug competitive passion central belgium niekerk matthew van 80 considering few investment coverage enterprise 4th itself truly thousands expertise 2017 economic ten revolution veer sme reports worldwide significantly combined markets don 2016 potentially 18 company approximatively deployment takes advantages impacts visibility banking blockchain near planning der energy insurance market world weeks fast internationalize international settlemint 244 reveal tested professionals juniper time trajectory banks 2022 leuven governments sectors instrument media global solution scarce pace deal gap survey sales 60 forum companies business industrial corporations specialized

Project "SettleMint" data sheet

The following table provides information about the project.

Coordinator	SETTLEMINT Organization address address: DIESTBRUGSTRAAT 165 B city: KORTENBERG postcode: 3071 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.
Coordinator Country	Belgium [BE]
Total cost	2˙582˙500 €
EC max contribution	1˙807˙750 € (70%)
Programme	1. H2020-EU.3. (PRIORITY 'Societal challenges) 2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs) 3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
Code Call	H2020-SMEInst-2018-2020-2
Funding Scheme	SME-2
Starting year	2019
Duration (year-month-day)	from 2019-03-01 to 2021-02-28

Partnership

Take a look of project's partnership.

#	participants	country	role	EC contrib. [€]
1	SETTLEMINT SETTLEMINT Organization address address: DIESTBRUGSTRAAT 165 B city: KORTENBERG postcode: 3071 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	BE (KORTENBERG)	coordinator	1˙807˙750.00

Map

Project objective

The blockchain technology is a very recent and is considered as the 4th Industrial Revolution. According to a global market survey by Juniper Research (2017), 60% of the large corporations are considering blockchain deployment during the next 2 to 10 years. In addition, reports by the World Economic Forum (2017) reveal that more than 30 governments and 90 central banks are currently investing in blockchain, and more than 80% of banks are planning to initiate blockchain projects in the very near future. The challenge, however, lies in a complexity of blockchain technology itself, as most organizations don’t have enough IT personnel & knowledge to deal with this digital transformation. The specialized blockchain developers are very scarce - only approximatively ten thousands worldwide – and the training trajectory takes approximatively 18 months. This lead-time potentially means high investment costs and impacts on the competitive advantages. At SettleMint, we bridge the gap between enterprise and blockchain technology by providing a middleware solution – MINT - that makes it easy for companies to plug-in on the blockchain technology in a few weeks’ time. SettleMint has been established in 2016 in Leuven, Belgium by Roderik van der Veer and Matthew Van Niekerk who combined their expertise and passion for business and technology. We have tested MINT across different sectors from banking, telecom, insurance to energy. We are now in a truly scale-up phase and we internationalize in fast pace. Our MINT technology has been recognized by numerous awards, prized and media coverage. Within this SME Instrument proposal we want to achieve a set of objectives to increase visibility of the company in the international markets, scale in sales and significantly increase headcount up to 244 professionals by end of 2022.

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The information about "SETTLEMINT" are provided by the European Opendata Portal: CORDIS opendata.

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