Imagine a digital town square where local shops and residents trade using a secure, community-owned system instead of relying on giant global tech platforms. It uses a shared digital ledger to keep things fair and transparent, acting like a modern version of a local currency or community ledger. This helps keep money circulating within the neighborhood to stop small towns from shrinking.
Local regions in Europe are facing shrinking economies, which makes it difficult for small and medium enterprises to survive and sustain themselves.
An open-source software stack featuring blockchain-based infrastructure, a modular platform, and a specific application called Locasus-B.
If you are a local merchant association dealing with shrinking customer bases and high platform fees — this project developed a blockchain-based payment infrastructure that keeps economic activity within the region.
If you are a payment provider dealing with rigid centralized banking systems — this project developed a modular open-source software stack that allows for decentralized local payment ecosystems.
If you are a city council dealing with economic decline in rural areas — this project developed the Locasus-B application to create self-sustaining socio-economic ecosystems across 5 regions.
Based on available project data, the software stack is fully open source, meaning it is developed as a software common for anyone to extend.
The project aims for rapid scaling throughout Europe by deploying the stack in 5 regions and using open calls to attract a community of innovators.
The results are delivered as an open-source software ecosystem, ensuring the building blocks are available for public extension and adoption.
It uses a modular platform and NGI building blocks to create a full stack that includes blockchain-based infrastructure and the Locasus-B application.
The project period runs from 2023-12-01 to 2026-11-30, with testing planned across 5 regions.
The consortium consists of 5 partners from 3 countries (FR, LT, NL). It has a 40% industry ratio with 2 industry partners and 3 universities, indicating a strong balance between academic research and practical commercial application.
Contact CENTRIC NETHERLANDS BV regarding NGI deployment
Contact us to explore integrating this open-source stack into your regional economic strategy.
