Share this article
European Commission Defense Program Offers Grants for Blockchain Solutions
The European Commission is calling for future-oriented defense solutions including innovative blockchain concepts.
Updated Sep 14, 2021, 8:22 a.m. Published Mar 26, 2020, 10:00 a.m.
Make us preferred on Google
The European Commission is calling for future-oriented defense solutions including innovative blockchain concepts.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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.
Also read: US Military Contractor BAE Systems Wants to Hire ‘Cryptocurrency Exploiters’
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.
See also: Users See ‘Buying Opportunity’ in Coronavirus Market Downturn, Says Crypto.com
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.
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Here are key levels to watch as bitcoin plunges to $84,000
While precious metals and stocks bounce from their worst levels of the session, crypto remains near the day's low.
What to know:
- Bitcoin's tumble back to the $84,000 area prompted more than $650 million in liquidations across the crypto market.
- While gold and stocks have bounced off their worst levels of the session, crypto remains at the day’s lows, prompting questions about how low the price could go.
- A funding indicator suggested a temporary bottom could be near, while one analyst suggested a turnaround may not come until the Fed gets far looser with monetary policy.
