European Commission Defense Program Offers Grants for Blockchain Solutions

The European Commission is calling for future-oriented defense solutions including innovative blockchain concepts.

Mar 26, 2020 at 10:00 a.m. UTC
Updated Sep 14, 2021 at 8:22 a.m. UTC

The European Commission is calling for future-oriented defense solutions including innovative blockchain concepts.

A European Defense Industrial Development Programme (EDIDP) tender, issued March 24, includes a 42-strong itemized list calling for small-to-medium enterprises (SMEs) to offer solutions that drive innovation and adapt technologies for civil and defense purposes.

The program will accept proposals relating to "infrastructure, based on real-time cloud and on-premise digital twin benefiting from blockchain technologies’ robustness."

A digital twin is a digital copy of a physical object, system or process. A digital blueprint of a car or bicycle would be its digital twin, for example.

Having a digital twin on the blockchain allows companies to retain information about their products and verify the place of manufacture or records of prior ownership demonstrating a product's legitimacy.

The basis of the project would be to enhance current military logistical needs such as maintenance, supply chains and energy consumables.

Successful proposals will benefit from the 254 million euro budget (US$278 million) issued in the form of grants by the European Commission to continue developing and innovating on defense products or services.

The proposals are expected to cover studies or designs that would offer the ability to adapt technologies for defense, resulting in products that are cost-efficient and effective for military use.

Proposals can be submitted from April 15, with the closing deadline listed as Dec. 1, 2020, but may be extended in case of issues resulting from the ongoing coronavirus crisis.

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
Nansen Research Debunks Single 'Attacker' Myth in Terra's Collapse

The TerraUSD stablecoin collapsed for one reason: big holders didn't trust it.

The TerraUSD stablecoin collapsed for one reason: big holders didn't trust it.

CoinDesk - Unknown
2
CoinDesk - Unknown
Siam Commercial Bank Is Chasing DeFi Yield Through Compound

The bank’s venture arm, SCB 10X, is using Compound Treasury’s 4% yield service via the Fireblocks custody platform.

The bank’s venture arm, SCB 10X, is using Compound Treasury’s 4% yield service via the Fireblocks custody platform.

CoinDesk - Unknown
3
CoinDesk - Unknown
Crypto News Roundup for May 27, 2022

We’re talking about bitcoin, when Skreli met Crypto, Ether is closing in May at 35% down, as investors look to safer risk profile investments. CoinDesk’s Markets Daily is back with the latest news roundup.

We’re talking about bitcoin, when Skreli met Crypto, Ether is closing in May at 35% down, as investors look to safer risk profile investments. CoinDesk’s Markets Daily is back with the latest news roundup.

CoinDesk - Unknown
4
CoinDesk - Unknown
What Happens if You’re Sexually Assaulted in the Metaverse?

This new technological medium may not need a new set of laws, but existing rules may need to be updated.

This new technological medium may not need a new set of laws, but existing rules may need to be updated.

CoinDesk - Unknown