Challenge

Blockchains and, more generally, Distributed Ledger Technologies (DLT), provide new paradigms in digital systems with consensus validation mechanisms, facilitating peer-to-peer transactions without an intermediary, a centralised platform, or authority. But standards developing organisations face formidable challenges in blockchain/DLT standardisation, such as decentralised governance and secure access to the same version of data. This environment is complex to navigate as well as costly, especially for individuals, SMEs and start-ups, who lack budgets to participate in SDO Working Groups or Technical Committees and consequently are left out of standardisation processes.

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Seeblocks.eu at the Blockchain Ireland Week 2024
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seeblocks
Solutions

In SEEBLOCKS.eu, a well-networked consortium is tapping into a multi-disciplinary group of experts, with a special focus on individuals and representatives of SMEs, to provide funding through four Selection and Engagement Procedures for their participation in Blockchain / DLT standardisation processes. To complement this core activity, SEEBLOCKS.eu provides a standards visualisation tool that brings clarity into the state of the art in Blockchain / DLT standardisation. Public consultation and training activities educate the public about these transformative technologies and break down barriers to their effective introduction into society.

Results

The first SEEBLOCKS.eu Selection and Engagement Procedure in late 2023 attracted applications from a large and diverse group of experts in Blockchain, with nearly thirty applications arriving from numerous European countries. A select group of individual experts was funded for Blockchain/DLT standards-related activities in key areas of standardisation such as digital identity and financial services. A public consultation in early 2024 drew over fifty responses from a broad cross-section of public and private society providing valuable opinions and insights about perceived opportunities and concerns with respect to Blockchain / DLT technology today.

Conclusions

The early initiatives of SEEBLOCKS.eu are providing valuable feedback for orienting our activities in successive phases.

  • The funded experts from our first Selection and Engagement Procedure have contributed insights on critical topics in current Blockchain / DLT standardisation, such as harmonised vocabularies and codified best practices.
  • Our open consultations have indicated a strong need to raise public awareness of Blockchain / DLT technologies through strong use cases of new services (such as digital identity) that improve their lives.

Come to SEEBLOCKS.eu to appreciate the promise of Blockchain / DLT!

In Numbers
€ 300,000 Funding for European experts on European Blockchain/DLT Standardisation activities
4 Selection and Engagement Procedure (with 54 applications during the first three procedures)
20 External Pool of Evaluators
12 Webinars

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