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Blockchain: B-Hub For Europe

This document provides an overview of the B-Hub for Europe project, which aims to accelerate the use of blockchain in Europe by supporting blockchain startups. The project will provide startups with personalized support, help them connect with potential users and local blockchain ecosystems in Italy, Germany, Lithuania, Romania and France. It will also help companies and public organizations understand blockchain applications and connect with relevant startups. The document discusses the evolving landscape for blockchain, including its growing adoption across sectors in both private and public organizations. It emphasizes the need to carefully assess potential use cases through collaboration to develop viable blockchain solutions customized to specific organizational needs and challenges.

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0% found this document useful (0 votes)
129 views

Blockchain: B-Hub For Europe

This document provides an overview of the B-Hub for Europe project, which aims to accelerate the use of blockchain in Europe by supporting blockchain startups. The project will provide startups with personalized support, help them connect with potential users and local blockchain ecosystems in Italy, Germany, Lithuania, Romania and France. It will also help companies and public organizations understand blockchain applications and connect with relevant startups. The document discusses the evolving landscape for blockchain, including its growing adoption across sectors in both private and public organizations. It emphasizes the need to carefully assess potential use cases through collaboration to develop viable blockchain solutions customized to specific organizational needs and challenges.

Uploaded by

youyou
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 20

B-HUB FOR EUROPE

BLOCKCHAIN
REPORT
DECEMBER 2020
PAGE | 02

WHO WE ARE
B-hub for Europe involves five ecosystems and five leading business
accelerators in Europe: Italy, Germany, Romania, France and Lithuania.

Our consortium members are ecosystems builders and innovation


promoters for technology integration and digital skills enhancement with
international exposure and consolidated experience in EU funded
schemes.

They are all key entities in their local innovation environments and highly
dynamic actors who can play a role of local catalysts to drive up local
hubs for startups’ growth and scaleup.
PAGE | 03

| B-HUB FOR EUROPE

ABOUT B-HUB
PROJECT

B-hub for Europe Acceleration services


program
B-hub for Europe accelerates the use of B-hub is calling blockchain startups to apply
blockchain in Europe. We bring blockchain for a voucher opening access to a series of
startups closer to market; link public and acceleration services. 
private organisations looking for
partnerships with high-potential blockchain These services may take the form of one-on-
startups; and offer information on one mentoring, workshops, meetings,
blockchain ecosystems in Europe.  webinars but also participation in events or
B-hub for Europe contributes to blockchain pitch-sessions depending on the needs
development by leveraging European expressed by startups. They include the
technological excellence and supporting the following services:
growth of business integrating blockchain.  Business modeling
Concept viability and prototyping
B-hub’s offer is threefold: Access to finance (grants, VC and other
for startups: personalized support, sources)
connecting with potential users of Marketing, Internationalization and
blockchain solutions, and meeting Funding opportunities
Italian, German, Lithuanian, Romanian Business Connection
and French blockchain ecosystems Rules, compliance and legal issues
for companies and public service IPR strategies
players: training on the potential
applications of the blockchain, Project partners will mobilize their network
connecting with startups that can and expertise in the above-mentioned
address use cases themes to accelerate blockchain startups on
for all: the animation of a European a customized basis. External providers and
community around the blockchain experts may also be invited to contribute for
(events, mapping of initiatives, research special support and to address specific
resources …) startups needs.
PAGE | 04

| OAKRIDGE HOLDINGS B-HUB FOR EUROPE |

THE EVOLVING
LANDSCAPE FOR
BLOCKCHAIN
GROWTH AND USE
CASES DEVELOPMENT

Recent surveys conducted at international level show how the


blockchain landscape is gradually evolving towards more
pragmatism and maturation with an increasing number of use
cases and applications across a greater variety of sectors.

A growing confidence in the blockchain technology


Despite a still pervading skepticism about the technology
potential and its concrete benefits, the expectations from
potential adopting organisations are becoming more balanced
and inspired to a growing practical approach. In this context,
the increasing number of diverse use cases under development
are contributing to create more confidence in the technology
offering substantial and tangible examples of which
improvements and advantages the blockchain-based solutions
uptake can bring.

More perceived advantages for blockchain applications


New business models and value chains, security and lower risks,
speed of processes, transparency and costs efficiency, improved
identity control and frauds reduction are the most perceived
advantages of blockchain applications by possible adopters. 

Blockchain development across domains


In this scenario, blockchain adoption is not anymore confined to
the fintech domain but blockchain solutions can spread across a
growing number of business sectors and application areas, as
well as the private and public sector.
PAGE | 05

| B-HUB FOR EUROPE

Blockchain effects on business models and strategies


The ongoing explorations and experimentations are gradually demonstrating how the technology can
be used to improve productions processes, supply chains management and even the customer
experience. What is now under assessment is how blockchain can affect business models and at what
extent it can bring costs efficiency, time savings, process transparency and security. The focus on the
analysis of use cases or case studies is not anymore only on if the technology fits the emerging needs
and can ensure technical feasibility, but also and more on how blockchain can influence the strategic
routes of the adopting organisations, change their business approaches, transform the relations and
interconnections within the supply chains and open new market perspectives. 

The public sector as a new ‘customer’ for blockchain solutions


The public sector, including both central or local government, is gradually looking with more interest
and commitment to blockchain-based solutions to integrate in public processes and e-services
transparency, security, costs efficiency and speediness (e.g. identity management, e-voting, lands
registry, official certificates issues). The role of public sector as driver of innovation and innovative
procurer may be crucial to induce a faster adoption and widen the spreading of the blockchain
technology benefits towards large groups of recipients. Despite there is a main role played by private
organisations and innovative startups that drive the growth of blockchain projects and pilots, many
governments in Europe, even at regional and municipality level, are starting initiatives for blockchain
testing and adoption. 

Blockchain solutions viability requires careful assessment and testing through co-design
approaches starting from effective demonstrating cases
The main challenge for blockchain-based solutions is to help potential users/adopters carefully assess
how blockchain can be integrated in the current processes/operations/procedures and how this can
bring technical improvements, economic saving, competitive advantages and organisational benefits.
This means identify and clearly shape challenges and needs and adjust or customize the required
solutions. Efforts should be taken to translate challenges and needs into specific technology
requirements and design customized blockchain applications that can be really viable for the specific
organisation starting from explanatory and demonstrating cases.
PAGE | 06

| OAKRIDGE HOLDINGS B-HUB FOR EUROPE |

OVERVIEW ON THE EUROPEAN


BLOCKCHAIN ECOSYSTEM
Ever since the rise of blockchain technology, there was always a focus on cryptocurrency, while very few, the
core believers, understood the potential of the technology beyond crypto. Now after the various waves of growth
and loss in crypto, we see the advent much expected and a much wider focus on the technology itself, which
gives us the confidence that the following years we’ll see blockchain spreading in other industries and more
companies and organisations adhering to the use of it.

The EU is perceived as a fairly transparent and value-driven conglomerate of countries, tech ecosystems and
economies, with the aim to create more communication and exchanges between the players. That’s why we
believe that blockchain startups are a key factor in piloting various use cases and help achieve this mission we all
dream for the EU. 

We believe that now is the right time to push for growth in blockchain area. As the general hype is going down,
we’re entering a phase of early maturity; while the potential adoption being more realistic, makes it more
feasible.

In our studies we’ve discovered dozens of use cases all over Europe which made us dream about their potential
impact, in healthcare, in finance, public sector, supply-chain, energy supply and utilities, private funding and
angel investing, certification and smart cities. Small wins in each of  these area will push the whole ecosystem
higher, seeing more adoption, better understanding and thus more impact in our society.

The blockchain startups face various challenges, sometimes quite different compared with startups in other
areas. The market challenge consists in the slow adoption of the technology and the poor understanding of its
use cases as seen in the previous years. We plan to address this by assisting the startups in the go-to-market
strategy with webinars and consultancy, by helping them understand how they can better approach potential
stakeholders and connecting them with relevant organisations and people.

In the following pages we offer an overview over the 5 ecosystems that we focus in the B-hub project, but our
intent by the end of the project is to get an overview of developments regarding startups growth and use cases
adoption throughout Europe.

Where we are

TODAY
PAGE | 07

French Blockchain Ecosystem


Startups: 150+ | Accelerators: 5 | Major events (Paris): ~20

France’s blockchain ecosystem is very dynamic and spans across industrial groups, academia, startups, large to medium
consulting firms and communities of enthusiasts. The French blockchain sector counts with relatively long-standing interest from
financial institutions and an increasing support from the State.
Government support to the blockchain field has been on the rise, with growing interest of the Ministry of Economy, the General
Direction for Companies (DGE) and the Interministerial Directorate for Digital (DINUM).

Year 2019 has been a landmark for blockchain in France with the adoption of the Pacte law. This law improved the legal
framework for both token issuance and digital asset service providers. Minister of Economy Bruno Le Maire, also announced that
4.5 billion euros would have been invested in deep tech innovation, including blockchain technologies, in the next five years.
The topic of cryptocurrencies remains sensitive for the executive, over a deteriorated national security context. Though declaring
no intention to hamper blockchain innovation, Le Maire has proposed in late 2020 measures to restrict regulation of crypto-
exchange platforms, assuming the existence of links with terrorism funding.

Blockchain experimentations in the public sector are limited, but to some extent rising. Examples include notarization of
documents and trailing of financial flows (military police), data audit trailing (customs), CBDC for interbank settlements (national
central bank). The education sector is the focus of the European Blockchain Service Infrastructure in France, with a project of
integration of a blockchain node (RENATER).

On the private side, most large corporates have implemented or experimented blockchain to some extent, though rarely further
than proofs of concept. Large consulting firms continue to capture a large part of blockchain service provision (between others
IBM, Sopra Steria, Accenture, Havas…). The startup ecosystem counts with more than 150 companies active in almost all sectors.
Fintech represents a large part of existing startups, but the number of innovative companies in health, supply chain, digital
identity and cyber security is relatively high.

From a geographical perspective, the Paris region is the most active hub for blockchain. Other dynamic hubs include Lyon and
Aix-Marseille. Community building initiatives are numerous. France counts with five accelerators specialized in blockchain, that
also gather a blockchain community around events, topical conferences,etc. In addition, in Paris only, there are more than 150
blockchain-related meetup groups, of which 16 have more than 500 members. Major annual events include the Paris Blockchain
Week Summit, Paris Blockchain Summit, and Paris Blockchain by Corp.

A few major organizations and community builders


in the ecosystem:

The Garage Association pour le Fédération Française des Chain Accelerator Station F Coinhouse
Développement des Actifs Professionnels de la
Numériques Blockchain
PAGE | 08

B-HUB FOR EUROPE |

Main sectors where startups are active


Health

Multi-sector
Cybersecurity

Communities
Fintech

Supply chain Digital identity

Contact: Mona El Jadaoui, [email protected]

Selection of startups in the


French ecosystem

BCDiploma is a French blockchain software publisher contributing to the creation of an


international ecosystem of digital credentials.

Kalima is a blockchain software publisher for industrial IoT.

Droon offers he tool to integrate seamlessly Blockchain in your IT solutions.

Neurochain is new blockchain protocol offering an alternative to proof of work-based


protocols.

Origin Labs is a Blockchain R&D lab for modern and trustable applications.

Rockside provides a unique platform for integrating Blockchain in any business.

Tozex offers Tokenization platform for fundraising and managing digital assets.

MCLedger specializes in innovative Cloud, AI and Blockchain applications for Supply chain
and Fintech.

Blockchain Secure delivers enterprise blockchain networks based on Ethereum EEA,


customised use cases, self sovereign identity solutions, trusted document sharing
solutions for private and public sectors.
PAGE | 09

| B-HUB FOR EUROPE

Aitenders - Power Up YourTender’s Response & Contract Management With AI

Connecting Food - Food Transparency Blockchain

Datatrust by Blockchain Partner - We use blockchain technology to protect your data.

Emblock.co - B2B blockchain technology for digital transformation and energy transition.

Evolution Energie - Software editor for energy and environmental management.

KeeeX - Universal Probative Value - Blockchain certification & traceability of documents,


processes & decisions.

Sunny Lake provides community based clinical research.

Tilkal - Blockchain + Data Intelligence for Traceability & Transparency


PAGE | 10

German Blockchain Ecosystem

Startups: ~225 | Communities: ~80 | Major Events: ~80

While Germany has a very high number of blockchain startups, there is not much enterprise involvement. Some
larger players such as E.ON, Siemens and Daimler are carefully exploring use-cases, but Germany can still
improve a lot in terms of blockchain adoption. Regulation is rather restrictive but the BaFin (finance regulator)
has made good progress in providing guidance and the Federal Ministry of Economics and Energy has released a
German Blockchain Strategy and seeks continuous dialogue with the ecosystem.

Germany is home to some of the key startups in the blockchain ecosystem, and Berlin is seen as the unofficial
home of the Ethereum project. Meanwhile Berlin alone has about 100 active blockchain startups and Germany
has over 200.  
Fintech and cryptocurrencies is the clear leading use case, followed by entertainment, identity, IoT, public
infrastructure and energy. The majority of startups have been founded during 2017-2018.

In december 2020, Germany passed new legislation to introduce all-electronic securities as part of its wider
blockchain strategy.

Active organisations and events in the ecosystem:

Main sectors where startups are active

Fintech and
cryptocurrencies Entertainment

IoT
Identity

Public infrastructure

Contact: Connect Global, http://connect-global.io/, [email protected]


PAGE | 11

B-HUB FOR EUROPE |

Selection of startups in the


German ecosystem
Securing IoT data on blockchain.

Enabling interfacing between hard and software. Allowing machines to become economic
participants.

Prediction market platform and permissionless decentralized exchange enabling ring


trades.

Developers of ethereum wallet and polkadot/substrate.

Decentralized identity cloud wallet empowering cybersecurity, efficiency, and data


interoperability for digital value chains.

Create, track, manage, and trade (software) licenses along the supply chain in a
transparent, secure, and automated manner using blockchain.

Scalable and privacy friendly platform for digital ownership.

Credentials for Web 3.0

Blockchain protocol for responsible raw material sourcing.

Protocol for Decentralized Asset Finance.

Sustainable supply chain solutions

Secure and decentralized digital access solution

Building open source, customized energy exchanges to enable local marketplaces that
interconnect to form a smart, transactive grid.

Decentralized software solutions that enable people, organizations, and machines to own
and control their identity information.

Enabling blockchain for mass market gaming and offering one of the most popular EOS
wallets, Wombat.

Digital & sustainable contract management.

Offering a Digital Identity solution for individuals and corporates, called helix id.

Building a global data network that allows the devices of tomorrow to connect, commit and
communicate efficiently.

Blockchain-based solutions and services, which include a fundraising and investing platform,
an employee stock option plan (ESOP) manager, a light wallet, post-investment instruments,
and more.
PAGE | 12

Italian Blockchain Ecosystem


Startups: ~120 | Associations: 8 | Events: 15/year | Business Investment: €30M (2019)  

The deep-tech ecosystem experienced impressive growth in Italy  during the last five years. In the blockchain domain, a major
boost was given by new-brand dynamic startups, which generated  increased awareness on blockchain potential deploying more
numerous pilots and business cases. B-HUB for Europe mapping led to the identification of about 120 startups in the Italian
ecosystem dealing with the development of platforms and web/mobile applications deploying blockchain expertise. 53% are very
young innovative companies established in the period 2018-2020.

A major hub in the country is Milan, where the Polytechnic plays a major role in monitoring trends in this field with a dedicated
Blockchain and DLT Observatory. Though  a significant number of startups are based in Lombardy, blockchain competence
centres are consolidating in the whole country. Software as a Service or license fee-based business models prevail among
startups. B2B is mostly applied towards medium-large industrial enterprises, banks, insurance companies, even though
applications for SMEs are growing steadily.

Technology adoption through pilot projects is expanding among companies and public administrations. In the last two years,
more attention was brought by the national government to the blockchain technology domain. DLT definition was established by
Decree, as well as smart contract legal validity. A dedicated fund, endowed with EUR 45 million, to leverage vertical applications in
AI and Blockchain was established and is expected to become operative in 2021. A Task Force  of 30 experts was assigned with
support to the elaboration of a national blockchain strategy to guide efforts and investments at country level. In 2019 Italy joined
the European Blockchain Partnership to act at international level in the blockchain domain and establish strategic partnerships
for further diffusion of the technology towards citizens and enterprises. In 2019 the Ministry of Economic Development launched
a first pilot project in partnership with IBM, involving associations of SMEs, to exploit the blockchain potential for Made in Italy
products protection and, more specifically, for traceability in the textile sector. In September 2020, a study conducted by OECD
and funded by the Ministry of Economic Development was published providing an overview of the development of the blockchain
ecosystem in Italy.

Main blockchain associations: Major events and observatories:

Main sectors and applications


From the original focus on cryptocurrencies and digital payments, Italian blockchain startups are gradually spreading to other
application areas with a special emphasis on: supply chains traceability, digitalisation of processes, authentication and
certification, tokenization, marketplaces, data sharing, data integrity and security, digital identity management and application of
smart contracts. Several applications are aimed to improve customers’ experience, avoid counterfeiting, and promote ‘Made in
Italy’ origin of goods.

17% of the mapped startups offer solutions for more transparent flow along with the supply chain journey and trace products’
origin and intermediate suppliers.A substantial share of mapped companies (25%) offer blockchain-based multi-sector platforms,
multiple products/services or expertise for customised project development in different sectors. A rising trend is also observed
from startups offering products and services for the public sector (13.8% of mapped startups) to boost dematerialisation and
automation and ensure transparency and immutability, especially for certificates and accreditation. One example is the pilot
project “Nidi Gratis” in the Lombardy Region put in place to simplify the application process to childcare services and streamline
the public service offering.

In 2020, after the COVID-19 spreading, startups started developing blockchain applications to monitor/trace the epidemic
evolution and certify actions to reduce infection risks. Some examples are: Sanistory - Certified Digital Tracking Service for
buildings sanitisation offered by B2Lab or diagnostic kits to trace COVID-19 infection piloted by EZ Lab in cooperation with AB
Analitica.
PAGE | 13

B-HUB FOR EUROPE |

Art, Luxury & Fashion


Fintech and
cryptocurrencies

Multi-sector

Digital Marketing

Cybersecurity & Digital


Identity
Agrifood

Contact: INNOVA Srl, www.innova-eu.net, [email protected]

Selection of startups in the


Italian ecosystem
B2Lab Centre of competence for the development of Blockchain, Cryptography and Artificial
Intelligence solutions for digital transformation, Founded: March 2019

Blockchain Italia Software development company specialising in fintech and blockchain


solutions, Founded: July 2018

Charity Wall generates transparency and trust through blockchain technology for the
charity sector, Founded: February 2019

Commerc.io B2B e-commerce and document exchange blockchain eIDAS compliant platform
Founded: January 2018

Criptalia Regulated Securities Token Exchange and Financial Products Tokenization


Platform, Founded: February 2018

EcoSteer IoT and Blockchain software company for data streams ownership and
monetization, Founded: April 2017 

EZ Lab Smart solutions for quality traceability and products certification,


Founded: September 2014

Foodchain Blockchain for food products traceability,


Founded: April 2016

IVERT Blockchain for valuable goods transaction certification,


Founded: May 2018

LoanXchain Digital secondary loan marketplace in Europe to enable cooperation between


investors and lenders to finance the real economy, Founded: November 2017 
PAGE | 14

| B-HUB FOR EUROPE

Smartlabs Smart blockchain-based solutions design and implementation, Proof of Concepts and
customised projects, Founded: January 2017 

SPIDERLOG Smart shipment monitoring with IoT and blockchain components,


Founded: November 2018

TESEO Advanced Ambient Assisted Living platforms for care facilities and seniors living alone,
Founded: December 2015 

TRAKTI Smart legal contracts management, Founded: November 2016

VOLVERO Vehicles sharing leveraging a secure DLT system, Founded: May 2018

Selection of university courses and training initiatives

Course on Blockchain and Course on Blockchain technology


Cryptocurrencies & Management

Blockchain Business Revolution The blockchain journey

Master Lab in Blockchain Courses for Blockchain


Technology & Management Innovation Managers

‘Blockchain for Innovation’


Training Factory on blockchain
courses
technologies

Pilot projects and applications in the period


2017-2020 at national level

Supply Chain & Traceability


PAGE | 15

B-HUB FOR EUROPE |

Banking&Insurance

Documents Digitalisation and Notarization in public sector

Other

National R&D projects and competence centres


Since 2015, the Ministry of Economy and Finance has launched two pilot projects (SUNFISH and PoSeID-on) to test the blockchain
technology in the public administration system. The projects, financially supported by the European Commission under the
Horizon 2020 programme, generated solutions building on blockchain infrastructures and smart contracts.

In 2020 six R&D projects were funded by the Ministry of Economic Development through the national Fund for Development and
Cohesion in the blockchain technology area with a total of 7.5 million funds. The projects address digital identity and
digitalisation of processes and food traceability.

Polytechnic of Milan, SDA Bocconi-School of Management, LUISS Business School, University of Bologna, CEFRIEL and Cineca
Blockchain Lab are main education centres and competence hubs promoting the blockchain technology through courses, main
conferences, studies and surveys and projects development.

Acceleration programs for blockchain startups


"Magic Wand Fintech, Insurtech, Blockchain e Cybersecurity" programme run by the business incubator Digital Magics.
PAGE | 16

Lithuanian Blockchain Ecosystem


Startups: 24 | Communities: 9 | Events: 10 |
Capital raised: €2.1M+ (2019) & €295M (2017-2018)  

Lithuanian blockchain startups space mainly includes fintech startups as its base. The Lithuanian national
innovation priority is to promote fintech sector and its close nature with blockchain results in a great environment
for new startups development in the field. Currently the National Bank Of Lithuania ensures innovative regulatory
framework to create opportunities for blockchain startups to settle in the country. Startups in the field are mainly
providing cryptocurrency exchange services and backend solutions for smooth cryptocurrency management.

Other developments in blockchain industry are happening in ICT sector with startups developing identity and data
management solutions, also in edtech, agriculture and entertainment fields.

Main ecosystem organisations:

Startup support programs


Investors:
(incubators, accelerators):

Investors active in the region (Baltics):

Regulation: Lithuanian Bank Regulatory sandbox


PAGE | 17

B-HUB FOR EUROPE |

Main sectors where startups are active

ICT

Other

Fintech

Contact: Gertruda Gliozaityte, startupdivision.eu

Selection of startups in the


Lithuanian ecosystem
BitDegree is the world's first blockchain-powered, smart-incentive based online education
platform which revolutionizes global education and tech recruiting.

Incentivization and lifelong data empowerment solutions made for people and businesses.

Business solution that allows online and physical shops payment in cryptocurrencies.

Making cryptocurrencies aquisition effortless and simple.

Food safety and authenticity software solutions.

The payment gateway offers cryptocurrency payment processing services for businesses
of any sizes.

We build an ecosystem where users can create a self-sovereign identity, collect their
data and utilize it while interacting with businesses.

SUPER HOW is a visionary research and development (R&D) company committed to


harnessing the power of blockchain for the advancement of society with next-
generation solutions.

A marketplace, which connects companies directly with green energy generators so that
all companies can make a tangible environmental impact whilst buying green energy at
competitive rates with full transparency.
PAGE | 18

Romanian Blockchain Ecosystem


Active startups: ~1200+ | Programs: ~10 | Investment funds: ~20 |
Startups with blockchain: ~50

Romania’s blockchain startup ecosystem is based on the developers and software agencies which went into
adopting this technology, once the trend and demand was growing, blockchain technology being very hyped in the
past years.

In time, the (mostly) tech startup founders understood that there is a clear need to connect with various industries
and identify use cases which were not that obvious. On the way, we noticed that companies in various domains are
not that eager to adopt blockchain solutions as they couldn’t understand clearly the use and the technology. This
still remains an obstacle nowadays, and founders understood that there was a lot of patience needed.

The strongest area utilizing blockchain is obviously the financial sectors, followed by a growing trend in health and
supply chain. The most active blockchain clusterings are overlapping with the general software development
centers, like Bucharest which usually hosts half of the startups in any area, followed by Cluj, Iasi, Timisoara, Brasov
and Sibiu.

An overall mapping of the ecosystem, led to the discovery of 50 Romanian-based blockchain-related startups,
although we suspect that many other Romanians are involved in such startups, but not activize in our local
ecosystem, but somewhere else in Europe and in the world.

One of the recent projects with capacity to influence for good the ecosystem, including the blockchain part is the
RoStartup.com strategy project, which aims to develop a strategy for encouraging innovative entrepreneurial
ecosystem with the use of high tech also. The working groups are being in formed in January and it is expected to
have first results during spring of 2020.

Main ecosystem organisations focused on blockchain

Main sectors where startups in blockchain are active


Fintech
Infrastructure

Retail
Health

Contact: Spherik, www.spherikaccelerator.com, [email protected]


PAGE | 19

B-HUB FOR EUROPE |

Acceleration Programs and Investment Funds

Startup Investments in Romania, during 2020


85 funding deals tracked in the media,
startup communities and conferences

Areas of the startups invested are


PAGE | 20

B-HUB FOR EUROPE |

Selection of startups in the Romanian ecosystem


TailPath (a SupplyBlockchain brand) enables the secure tracking of goods by adding
transparent, decentralized and immutable proof of time and location to physical products.

AlphaBlock has developed a General AI engine to generate smart investment portfolios and
intelligence solutions, validated in blockchain. AlphaBlock becomes the essence of
everything linked with data predictability, evolving into an intelligence layer on the
blockchain and the web.

Balance offers an institutional grade digital asset custody and wallet management
solution to crypto exchanges, OTC desks, and funds. Assets are kept secure in
geographically distributed offline vaults on dedicated, military grade hardware

Elrond is a complete rethinking of public blockchain infrastructure, specifically designed


to be secure, efficient, scalable and interoperable.

Myneral Labs cutting-edge software development company aiming to revolutionise the


way supply chain's are managed.

Morfin Blockchain community banking. No matter what your currency of choice is, you
can operate on the market with one single mobile app.

iFactor is a digital B2B platform that brings together SMEs (no individuals) that need
liquidity and investors (banks, funds, institutional and private individual investors) with
the intention to provide liquidity to the SMEs through buying their outstanding invoices.

FilmChain is a blockchain platform that collects, allocates and analyses revenues for
film, TV and digital content. FilmChain is the fintech solution for money to flow from
point of sale to rights-holders' pockets. Transparent, real-time, no friction, no crypto.

Swazm offers a complete multi cloud management platform that makes development
services easy to manage, deploy and monitor, backed by an AI-based security firewall.

The Carmel Tweak-N-Learn Tech Educational Model is a radical departure from traditional
video courses and helps you acquire new technical skills faster and more effectively, in a
professional development environment.

Modex helps developers start building on top of the Ethereum Blockchain with everything
they need in one single place.

MIGRANT COIN to enable migrants to send money to a recipient in their home country
safely through blockchain.

Moonlet wants to provide a complete cryptocurrency wallet that delivers a seamless,


secured and stable end-to-end payment experience for both small businesses and
individual users.

Selfd.id launched the first integrated decentralized platform for digital identity solutions in
Romania, allowing confidential exchange of digital credentials between institutions,
organizations and individuals

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