European Commission (EC) has invested €1.95 million in D-CENT to build a decentralized blockchain-powered tool for direct democracy and economic empowerment.
D-CENT, which stands for 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 contents, participate in community discussions, and even vote — each feature ensuring a democratic decision making module.
Released in 2014, D-CENT is now close to launch its pilot programs in multiple countries, the first ones being Spain, Italy, Iceland, and Finland. Under these pilot programs, D-CENT will be deploying blockchain-based digital currencies (such as Bitcoin) in parallel with the traditional ones to fund the direct democracy experiments.
“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.”
For instance: D-CENT is reportedly collaborating with one of the Iceland’s municipal corporations, where it will deploy cryptographic blockchain technologies for a political participation-based reward system. The project will also be lending hands to Eurocrat complimentary currency, a Barcelona-based initiative to decentralize service hosting and data custody.
In addition to the aforementioned initiatives, the D-CENT’s other projects include building a decentralized social remuneration system in Finland and launching a special digital currency for Italy’s culture sector, called Commoncoin.
The aforementioned projects, as diverse as they may seem, has one common objective: offering citizens the platforms to bottom-up their social and economics needs. Perhaps it is the only reason why EC, alongside some of the most prominent universities and organizations from Europe, are supporting D-CENT, for it brings forth the true depiction of Bitcoin technology — giving power back to people.