Rewarding Blockchain Innovation With CrowdstartCoin XSC

Some weeks ago, our friends over at Crowdstart Capital announced that they would donate a large chunk of their crypto currency CrowdstartCoin XSC to the European Blockchain Association. You can imagine how happy we have been! 

The way, the Crowdstart team has been distributing XSC until then, you could call ‘reactive’: they have screened Github for valuable code that had been added to the blockchain ecosystem. Then, developers were rewarded with XSC for their completed jobs and projects.

We want to turn this process upside-down: since there is so much work to do – not only real programming, but also research, marketing, and even administrative work – we have decided to put projects out for tender. The projects will be diverse, ranging from technical ones; i.e. coding, to communicational, administrative or marketing tasks. All  projects will be rewarded with CrowdstartCoins XSC. Here, find the first invitations to tender.

Each project will contain:

  • Project title and description
  • Contracting entity
  • Deliveries
  • Schedule
  • Reward in XSC

Initially, projects will be announced and XSC will be provided by the EBA. Later, after XSC have become more evenly distributed,  EBA member can announce projects themselves and reward suppliers with XSC. If you plan to put a project out for tender yourself, add it to our #innovation Slack channel. The EBA team then takes care and adds it to the list of actual projects. Looking forward to seeing many innovative and helpful ideas popping up and being rewarded with XSC!

Blockchain City Alliance Joins European Blockchain Association

Barcelona-based Blockchain City Alliance BCA, the premier global organisation aligning key stakeholders from local and regional governments, urban based blockchain technology companies and researchers to connect the smart cities movement with decentralized blockchain technologies, becomes a member of the European Blockchain Association and will act as responsible lead of the Working Group Smart Cities WGCty.

For EBA this is great news: not only is Barcelona Smart City #1 in Europe, but BCA founder Boyd Cohen is one of the most respected and best known Smart City experts worldwide. Having the BCA leading the Working Group Smart Cities is certainly a perfect basis to explore the role and benefits of blockchain technology in the Smart City environment.

All EBA nodes can profit from the activities of WGCty, since Smart Cities are ecosystems in itself; e.g. most mobility aspects, perhaps all beside long-haul flights, are relevant aspects to-be-blockchained in cities of the future. WGCty is already organising an event in early 2019 in Barcelona, showcasing how  Smart City leverage Blockchain technology.

If you work in the area of Smart Cities and want tu support the WGCty, please contact us.

European Blockchain Association – Launch Of Working Group Finance WGFin

On November 20, the European Blockchain Association launches its Working Group Finance WGFin. The launch event takes place at main incubator, Frankfurt, the R&D unit of Commerzbank Group. zeb  a leading management consultancy for the finance industry, takes over the lead of WGFin.

Working Groups within the European Blockchain Association will work towards the goal of establishing a framework and guidelines for best practices for each industry. Each Working Group will establish rules that will promote fairness, transparency, and establishing of guidelines for best practices addressing member conflicts of interest, client communications, client disclosures, and record keeping.

Working Groups will have an executive director who informs the European Blockchain Association Advisory Board about the Working Group’s activities and findings. The executive director is responsible for complying with the European Blockchain Association principles.

If you work in the finance industry and your responsibility involves Blockchain and other Distributed Ledger Technologies, you might want to join the WGFin launch event, learn about the European Blockchain Association in general, how your company can profit from participating in the WGFin and have inspiring discussions with blockchain technology inspired colleagues!

If you are interested, please register on the event’s meetup page!

The European Blockchain Association XSC Reward System – Combining Intrinsic With Extrinsic Motivation

The European Blockchain Association – as a decentralised semi-autonomous organisation – relies on the active participation of its members. Beside acknowledging the intrinsic motivation of each EBA member to actively add value to the ecosystem, the EBA supports and rewards useful community activities by distributing crypto currency CrowdstartCoin XSC.

CrowdstartCoin XSC is an ERC20 crypto currency that was created in 2017 by Crowdstart Capital CSC in order to reward developers who add valuable code to the blockchain ecosystem. During the launch of the European Blockchain Association, CSC decided to donate 40% of its total XSC supply to the EBA.

EBA will provide each new member at the successful membership application with the same amount of (free) CrowdstartCoins XSC. In the first phase, each new member will receive 2.000 XSC.

The EBA uses CrowdstartCoin XSC for two purposes: first, XSC will be rewarded to EBA members that add value to the EBA community, and second, XSC will serve as the internal currency for the exchange of goods and services within the EBA community. Please see below the first version of the EBA benefits catalogue with the respective amounts of XSC per benefit and per year. Each member may make use of her CrowdstartCoin XSC to pay for the respective benefit provided by the EBA.

European Blockchain Association Benefits Catalogue
(All amounts of XSC as per year)

500 XSC – Digital use of the official European Blockchain Association logo
1.000 XSC – Use of an individual European Blockchain Association eMail address
2.000 XSC – Offer consulting, graining and other services to European Blockchain Association members
2.500 XSC – Lead a working group
3.500 XSC – Start a local European Blockchain Association hub
5.000 XSC – Start a national European Blockchain Association hub

This catalogue will be changed and extended over time. If you have questions or suggestions regarding the catalogue, feel free to join the conversation in the official EBA Slack channel

Welcome Startup Accelerator Crowdstart Capital And Crowdstart Coin XSC!

Today, we welcome Crowdstart Capital as a new member of the European Blockchain Association! Crowdstart Capital, or CSC, will take over the EBA accelerator node with the mission to promote blockchain-based startups throughout Europe.

As part of the deal, CSC will bring 40% of the total amount of their Crowdstart Coin XSC crypto currency. XSC has been around for some time in the crypto space. It has been distributed by CSC for free to reward developers and engineers for adding valuable code to the blockchain community. You can read more about the CSC story here.

We at the EBA will distribute XSC to our members – as a starter when they actually become members, and throughout their membership for activities and assets they add to the blockchain community. We are in the process of defining specific activities and will publish a list of these, later on. Our goal is to use XSC as the EBA’s currency, or the financial lubricant that facilitates the EBA incentive scheme. 

It’s an experiment and we can’t guarantee that it will work out as expected. We probably will have to adapt the scheme now and then, and we are open for suggestions for improvement. Feel free to contact us and discuss the Crowdstart Coin XSC with us!

Founding The European Blockchain Association

We are very happy to announce the founding of the European Blockchain Association EBA! The EBA has been incorporated as a German association, called “Verein”, in Berlin, with an additional office in Munich. The EBA’s mission is to empower the European blockchain ecosystem by combining, synchronizing and leveraging blockchain-related activities of European corporations, startups, venture capitalists, and scientific institutes. The EBA serves as a superior, neutral body to aggregate and coordinate blockchain activities throughout Europe and to provide Non-European parties with a direct API into the European blockchain ecosystem.

The EBA is designed as a so-called Decentralised Semi-Autonomous Organisation DSAO with each separate entity acting as an independent node, connected with others through a blockchain protocol, with a governmental framework as stipulated in the EBA statutes. The EBA is internally organized and powered through blockchain-based payment and accounting protocol leveraging the crypto currency XSC.

The EBA sees itself as a protocol and toolset with the single purpose to serve its mebers. Although the association itself is a central legal entity, the statutues only serve as a necessary link to the real world, with its laws and regulations, as well as its communicative needs. The EBA founders are deeply convinced and inclined to create and operate the EBA as a DSAO as much as possible. The essence of a DSAO is not only the almost complete absence of a central authority, but foremost the implementation of an incentive scheme that incentivizes individual community members to actively participate in and add value to the network. With its blockchain-based payment and ledger protocol RAAY and the crypto currency Crowdstart Coin XSC, EBA members participate in a network that rewards actively and consistently added value to the blockchain ecosystem at large.

We encourage you to join the European Blockchain Association if you are a member of the blockchain community! Contact us, connect with other members and actively participate in building the blockchain ecosystem!