Service: FlashCompany

Responsible organisation: Chamber of Commerce (Governmental)

Establishing a temporary foundation in order to collect money for a good cause is a time consuming administrative process. The Chamber looked into the possible benefits of establishing a temporary organisation (FlashCompany) on the Blockchain. It found out that for the registration process (online), opening a bank account (can be linked automatically) and selecting conditions for establishing and ending the temporary organisation, Blockchain would be a viable solution. In addition, using smart contracts for donations (“If this video has 1000 views, I will donate 100 Euro”) could be interesting.

Additional information

Source EU Blockchain Observatory and Forum - Initiatives Map
Web site https://media.wix.com/ugd/df1122_3de6de424d3b4f618af9e768e12d0ca0.pdf
Start/end date 2016 -
Still active? No

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