CCBeast Special

H-farm and Deutche bank launch the Blockchain accelerator
Editorial Team

Blockchain technology, the digital protocol that is considered to be highly disruptive due to its wide range of uses and applications, has already shown extraordinary potential in its capacity to reconfigure economic, political, humanitarian and legal aspects of society. The annual global turnover of blockchain technology will grow from 2.5 billion dollars in 2016 to 19.9 billion by 2025. (Source: Tractica).
H-FARM and Deutsche Bank have decided to approach startups that are developing innovative solutions based on blockchain technology applied to business and launch a new, dedicated accelerator program. The Blockchain Business Solution Accelerator will
focus on the so-called “Blockchain 2.0”, or rather, use cases that go beyond digital currency, and instead focus on the technological impact on the areas of trade, distribution management and logistics.
Blockchain is to be considered a new organizational model for research, evaluation and
transfer of basically anything and is potentially applicable to the coordination of human activity on a scale larger than has ever been possible in the past (Blockchain; Melanie Swan; 2015; O’Reilly). This technology is known for being tamper-proof, transparent, immutable, and assigns a specific date and time to actions. The true innovation of blockchain, however, is a new model of decentralized and trustless transactions (that do not require the control of a central authority but are, rather, validated by the platform itself).

Startups that can apply to the Blockchain Business Solution Accelerator program have developed innovative solutions using blockchain technology in the fields of Trade & Payments, Logistics & Transportation, Procurement & Supply Chain, Cloud & IT and Legal, with the goal of supporting sectors such as Automotive, Food & Beverage, Manufacturing, Energy, Finance and Insurance. All of the applications must be submitted by 23 October and the 5 projects that are chosen as being the most innovative will take part in the acceleration program that will begin on November 27th.
Each selected team will receive €20,000 in seed funding, with the possibility of receiving additional funding at the end of the program, in addition to access to hundreds of free or discounted services, which the partners will offer to the teams. The monetary value of these services amounts to over €450,000. Deutsche Bank, in particular, will support the selected startups with certain services, such as business strategies that will quickly consolidate their business models and will simplify their entrance into the market of their specific field.
Thanks to H-FARM’s role in GAN (Global Accelerator Network), the startups will benefit from visibility with international investors and can access virtual mentoring sessions, technical partners and temporary work spaces in other accelerators.
At the end of the 4-month acceleration program, the startups will present their projects during a Demo Night, in front of an international audience made up of business angels, investors, venture capital firms, all of whom can decide to invest in or create commercial or technological partnerships with the teams.

“In recent years, blockchain technology has revolutionized the world of cyber currency, but the real opportunity is in its industrial applications – says Timothy O’Connell, director of H-FARM acceleration programs. –

We’re proud to share with a state-of-the-art company such as Deutsche Bank the same belief that blockchain represents a strategic
development lever that can create efficiency in a large number of areas, transforming core business processes. “Deutsche Bank is investing in Blockchain in new Products and Services such as Digital Trade Chain Platform for SMEs and Utility Settlement Coin. – says Roberto Mancone, MD, Global Head Disruptive Technologies and Solutions, Deutsche Bank. – Supporting through the Accelerator with H-FARM the development of blockchain solution in the real economy, supporting innovation that allows to create security, identity, efficiency through distributed ledger technology, allows to foresee a future of smart cities, machine-tomachine payment, identity protection to a new level unforeseen few years ago”.
About H-FARM:
An innovation platform that supports the creation of new business models and the digital transformation and education of young people and companies. Located close to Venice, H-FARM hosts more than 550 people and is considered a unique example on an international level. Founded in January 2005, H-FARM was the first in the world to adopt a model that brought together in one place education, investments, and business consultancy. Since 13 November 2015, H-FARM was quoted on the AIM segment of the Italian stock exchange and is available for public trading.