European Commission Invests €1.95m to Create Blockchain Powered Public Participation Tool

Investing | June 18, 2015 By:

The European Commission (EC) has invested €1.95 million in D-CENT to build a decentralized blockchain powered tool for direct democracy and economic empowerment.

“Goal is to extend, scale and link up community digital social currencies, and create building blocks for an economy that links exchange to trust, deliberation and collective awareness,” said European Commission.

Decentralized Citizens Engagement Technologies is an initiative launched to bring citizens to a decision-making forefront. It is in fact a decentralized social network platform where people of Europe are allowed to discuss and share content, participate in community discussions, and even vote.

D-CENT will be deploying blockchain-based digital currencies (such as Bitcoin) in parallel with the traditional ones to fund the direct democracy experiments.