Aalto as a leading university, Streamr as an experienced early stage commercialiser of token technology, Novact with experience in innovative social experiments (including REC), and Demos as an experienced research impact partner, constitute a minimally sufficient consortium: science, technology, experiments, and dissemination, the latter including policy recommendations. Qbit is the company behind the current REC technology and is needed to develop it further. The competencies directly support each other, with no overlap.  In Section 4, the partners and their roles are described in detail.  The consortium has a good balance of academic, SME, and NGO partners.


AALTO University (AALTO) was created in 2010 when the former Helsinki University of Technology (TKK), the Helsinki School of Economics, and the University of Art and Design were combined. All three universities had a long and successful history and were leading international actors in their respective fields in Finland. For example, TKK was the oldest and largest University of Technology in Finland, dating back to the nineteenth century (1849). AALTO comprises six Schools: School of Arts, Design and Architecture, School of Chemical Technology, School of Business, School of Electrical Engineering, School of Engineering, and School of Science. AALTO has 20 500 undergraduate and postgraduate students, a staff of 4 500 people and 308 professors. Aalto is participating through four departments located at three different schools, as described below.

Over the past 10 years, Aalto has become one of the leading new Universities in Europe known for its advanced research, entrepreneurial culture incubating some 100 startups every year. In the current living strategy themes like sustainability, radical creativity and entrepreneurial spirit are some of the cross-cutting themes of development. In QS Top Young Universities ranking, Aalto is listed as Number 9 in 2019 showing continuous improvement over the past years. 

Characteristic activities of AALTO University, Department of Communications and Networking:
Including Mobile Cloud Computing, Network Security and Trust, and Network Economics.

The Department of Communications and Networking (COMNET) in the School of Electrical Engineering is the largest research department in Finnish Universities in its area studying a broad spectrum of topics related to future mobile and internet technologies, ubiquitous computing,  energy efficient internet, 5G, 6G and through the use of communications technologies to techno-economics. The research focuses on the areas of information and communications theory, communications and networking technology, communications ecosystem, ubiquitous computing, trust, security, and privacy. 

COMNET is well-positioned to address the grand challenges in digitalisation, wireless internet, and device usability in a comprehensive way – covering all the layers from physical to applications and making an impact on society. One of the department’s special strengths is linking research with the business sectors. A particular strength is the focus area of experimental research: in addition to scientific papers we release open source software, prototypes and run our own research network. COMNET has been the coordinator or a participant in dozens of EU FP6, FP7 and H2020 projects, as well as a large number of nationally funded projects. In 2019, Aalto was ranked number 22 in the world and number 4 in Europe in Telecom Engineering in the Shanghai University subject ranking.

The Department of Management Studies in the School of Business educates strategic leaders with a strong ethical mindset for the contemporary global business environments. The research activity is organised around five disciplines of the department: organisation and management, international business, entrepreneurship, philosophy of management and organisational communication. The School of Business holds a Triple Crown status (The Association to Advance Collegiate Schools of Business, Association of MBAs, and The European Quality Improvement System–AACSB, AMBA, EQUIS) — an honor held by only few business schools worldwide. The School of Business is also on the internationally recognised and appreciated European Business School Rankings published by the Financial Times newspaper.

The Department of Accounting in the School of Business is the leading accounting department in Finland with both Finnish and international faculty from a variety of backgrounds. Their research is regularly published in the top Accounting, Finance, Management, and Business Law outlets. They are well networked both nationally and internationally, with regular research visits from prestigious universities and close ties to top businesses. The research activities in the department are focused around four main areas: management accounting, financial accounting, corporate governance, and auditing. The department’s research profile is versatile in nature and members of the department rely on a number of qualitative, quantitative, and experimental research methods to explore and inform business relevant issues in all areas of accounting. The education programs of the department cater to industry relevant bachelor, master and doctoral level education in all areas of accounting.

The Department of Industrial Engineering and Management in the School of Science focuses on creating new scientific knowledge for establishing new businesses and technology-driven transformation of large and small firms, and of entire industries. Tying together theory-driven and problem-oriented research the basis for educating future managers, entrepreneurs, professionals, and scientists able to meet global challenges in technology-based business. The main approaches in the department’s research are strategy and venturing, operations and service management, and entrepreneurial leadership.

Key personnel

Prof. Pekka Nikander

Professor of Practice

Professor Nikander has over 30 years of research and software development expertise. He is the founder of Nixu Ltd., today a leading computer and network security consultant company in Finland listed at Nasdaq OMX Nordic. Early in his career, he led Nixu for over 10 years, followed by another 10 years at various leadership roles at Ericsson Research, followed by 6 years in six different start-up companies, before being nominated as a professor at Aalto in 2017. Prof. Nikander is first and foremost a generalist in ICT. He has 30 years of experience, both at personal and at group-leadership level, on architecting, designing, and implementing secure and scalable distributed and decentralised systems, including protocol stacks. He has written some half a million lines of code. Prof. Nikander has authored or co-authored over 100 refereed scientific articles, with almost 10000 citations, is the inventor or a co-inventor in some 20 priority patents, and has a Google H-index of 42. Two of his peer reviewed papers and three of his Internet RFCs have each reached over 500 citations.

Prof. Nikander will act as the scientific coordinator with the project, working closely together with a project manager, who is to be nominated from Aalto Research and Innovation Services at the beginning of the project.  Together they take care of the Coordinator role within the project, Prof. Nikander focusing on the scientific and technical content and the project manager on the day-to-day management.

Prof. Vikash Kumar Sinha

Assistant professor of accounting

Professor Sinha is an expert in risk management and internal auditing. Vikash holds a Ph.D. in Industrial Economics and Management from KTH Royal Institute of Technology and a Ph.D. in Management, Economics and Industrial Engineering from Politecnico Di Milano. Vikash’s research focuses on practices, standards, regulation and digital transformations (such as DLTs) of accounting and audit activities, especially risk management, internal audit, and corporate governance. His research specifically covers institutional, social, organisational and ethical aspects of accounting and auditing activities. In his academic pursuits, Vikash also draws on his 8+ years of experience in Management and Technology consulting focusing on Operational Automation, Financial Assessment, Transaction Advisory, and Risk Management for clients in Banking & Financial Services. 

Prof. Sinha a first-time participant to FET under H2020.

Dr. Sonja M. Amadae

University lecturer

Dr. Amadae is an expert on political economy and computational forms of governance.

Dr. Amadae is currently employed at the Faculty of Social Sciences at the University of Helsinki. She also has affiliations with MIT and Cambridge University and Stanford University. If ATARCA gets funded, she will work at Aalto University for the purposes of the project. 

Dr. Amadae’s current research at the Center for the Advanced Study of the Social and Behavioral Sciences at Stanford analyses neoliberal forms of capitalism which are characterised by highly inequitable distributional outcomes.  She is conducting research on the Nordic Model of political economy as an alternative to the deregulated global movement of capitalism which has little regard for the inclusive flourishing of local communities and diverse constituencies.  Dr. Amadae’s experience with algorithmic governance includes the role of computational forms of rationality in public policy, and the cybersecurity risks of automated decision systems in nuclear command and control.  

Dr. Amadae’s successful projects include the award-winning book Rationalizing Capitalist Democracy (University of Chicago Press, 2003, over 650 citations); and Prisoners of Reason: Game Theory and Neoliberal Political Economy (Cambridge University Press, 2016, over 100 citations).  Together these texts lay the basis for a paradigm change in political economic practices away from the hyper-individualism of strategic rationality to social forms of team reasoning and shared meaning-making. This research respects the important roles of advanced digital technologies for facilitating social exchange and governance, and also helps us to recognise its limitations for facilitating the sustainable and open access regeneration of culture and civilisation. At the University of Helsinki, Dr. Amadae is collaborating with colleagues to develop the MA program of  Global Political Economy in the Global Politics and Communications Masters Program.  This work has encompassed a collaborative research project with students which resulted in the edited volume Computational Transformation of the Public Sphere: Theories and Cases (Faculty of the Social Sciences, 2020) in celebration of the Faculty of Social Sciences 75th Anniversary.

She is a first-time participant to FET under H2020.

Dr. Ville Eloranta

University lecturer

Dr. Eloranta is an expert in business model innovation (ecosystem-level and platform business models), design management (connecting design paradigms to management practice), and transdisciplinary higher education.

Dr. Eloranta is working in Aalto University, School of Business, and teaches future transdisciplinary professionals in the International Design Business Management program, and business executives in Aalto Executive Education. He is also involved in the development of Network University FItech: a transformative education endeavour of 7 biggest Finnish universities, Technology Industries of Finland, and TEK). In addition, Dr. Eloranta develops UNITE! – University Network for Innovation, Technology and Engineering, which educates a new generation of European students in science, technology and engi­neering, transcending the traditional engineering education, with an entrepreneurial mind­set.

Before joining academia, Dr. Eloranta worked nearly 20 years as a service designer and programmer, and design agency entrepreneur (founder of a 30-person company in 3 countries), solving digitalisation challenges especially for big B2B customers.

Dr. Eloranta is a first-time participant to FET under H2020.

Dr. Esko Hakanen

Postdoctoral researcher

Dr. Hakanen as enjoyed a short but successful career in academia. His dissertation work, which focused on the effect of digital transformation on the business models of technology industry firms, was submitted for pre-examination less than two years after starting his postgraduate studies. As a vindication of the practical relevance of his research, he won the Pöyry Megatrend challenge in 2018 with the ideas presented in his thesis. During his short academic career, he has already published his work in an FT45-listed journal. 

In addition to his research activities, he has broad organisational responsibilities, acting as the Academic Coordinator for the Department of Industrial Engineering and Management, as well as the research manager for the Service Engineering and Management research group. He represents Aalto University in the Batteries Europe initiative by the European Commission and in the Mobility as a Service (MaaS) Alliance.

In this project, Dr. Hakanen will focus on the research activities related to the emerging business models for anti-rival goods. With his colleagues, he already has an extensive background in the complex interplay of the business models between the firm and the ecosystem, and he will continue that research avenue in this project. 

Dr. Hakanen has a multidisciplinary background that he has actively utilised in his research career. Having a master’s degree in Materials Science has proven particularly useful for studying the business models change in the metals and mining industry. Dr. Hakanen is also affiliated with the Aalto Design factory. He has an H-index of 6. He is a first-time participant to FET under H2020.

Ulriikka Järvihaavisto

Doctoral candidate

Ulriikka Järvihaavisto is a Doctoral candidate at the Department of Industrial Engineering and Management at Aalto University. She will be defending her thesis during 2021. Her research focuses on the formation and orchestration of platform ecosystems. She is especially interested in organisational identity change in digital transformation. Her current research context includes industrial platform ecosystems as well as Google’s innovation ecosystem. In this project, she will explore the governance of decentralised platform ecosystems and study the organisational adoption of business models for anti-rival goods.

Her research work has been awarded with the Strategy Prize 2018 by the Strategic Management Society of Finland and she is a wanted platform ecosystem speaker among Finnish industrial companies and organisations. She is currently part of Digital Disruption of Industry -project funded by the Strategic Research Council at the Academy of Finland.

Ulriikka Järvihaavisto is a first-time participant to FET under H2020.

Relevant publications or achievements

Nikander, Pekka, Ville Eloranta, Kimmo Karhu, and Kari Hiekkanen. “Digitalisation, Anti-Rival Compensation and Governance: Need for Experiments,” DBoS workshop, Espoo, Finland. Feb 6 2020.

Eloranta, Ville, Esko Hakanen, Pekka Töytäri, and Taija Turunen. “Aligning Multilateral Value Creation and Value Capture in Ecosystem-level Business Models,” Academy of Management Conference, Boston, MA, United States. Aug 7-13, 2019.

Rajala, Risto Esko Hakanen, Juri Mattila, Timo Seppälä, and Mika Westerlund. (2018) “How do Intelligent Goods Shape Closed-loop Systems?” California Management Review, 60(3):20-44.

Turunen, T., Eloranta, V., & Hakanen, E. (2018). Contemporary perspectives on the strategic role of information in internet of things -driven industrial services. Journal of Business & Industrial Marketing, 33(6):837-845.

Eloranta, V., & Turunen, T. (2016). Platforms in service-driven manufacturing: Leveraging complexity by connecting, sharing, and integrating. Industrial Marketing Management, 55:178-186.

Relevant Previous Projects

Current research and innovation projects directly connected to this proposal

2018–2020 SOFIE — Secure Open Federation for Internet Everywhere, H2020 IoT-03-2017,

In the SOFIE project, Coordinated by Aalto, we have developed Interledger DLT technologies, allowing us to connect multiple technically different DLT systems together. In the future (probably beyond this project), this technology can be used to make the ATARCA anti-rival tokens transferable between different DLTs.

2015–2018 IIT — Industrial Innovation in Transition, H2020 EURO-2-2014

The objective of IIT has been to create a holistic understanding of what are the current best practices in the most innovative companies, gathering data from 800 companies ranging from innovation leaders to moderate innovators, in multiple industries across the member states to provide an evidence base for reviewing how well the current innovation policies support the adoption of new innovation processes. The project has produced a number of recommendations to bridge the gap between Europe and its main competitors.

2015-2021 PVN – Platform Value Now, Academy of Finland, SRC

The Platform Value Now project focuses on understanding the fast emerging platform ecosystems, their value creation dynamics and requirements of the supportive institutional environment. The project analyses ecosystems with systems tools and develops new methods for platform-centric ecosystems management. Data collection is based on active scanning of global technology and platform ecosystems and fast solution oriented case experiments with Finnish corporations and policy planners.

2015-2021 DDI – Digital Disruption of Industry, Academy of Finland, SRC

Digital Disruption of Industry studies the impacts of digitalisation to the Finnish society through the lens of the industry. The project provides a comprehensive analysis of the roadmaps and impacts of the digitalisation to industry itself, its ecosystem partners and stakeholders, and the relevant institutions such as business practices and models, regulation, management, and governance. The project will also study the changes which are needed in human activities, institutions, and operations to benefit from the digital disruption. For this, the project works closely with the relevant stakeholders in concrete interventions, and engages in close interaction with stakeholders, policy makers, thought leaders, and the general public.

Infrastructure and equipment

Aalto University as a major European university has modern labs and technology infrastructure required for this type of projects. Furthermore, Aalto has effective research support services to support administration of the project in terms of legal, financial and secretarial activities. Aalto also hosts an EIT ICT Labs node and Industrial Internet Campus with major national industries. Aalto University provides modern computing environments, particularly access to a local cluster of virtualisation servers, that will be made available for the project.

Aalto hosts a full Ethereum node, with the complete history and ability to analyse all of the contents of the Ethereum history and traffic.

Streamr Network AG

Streamr Network AG is a limited company registered and operating in Zug, Switzerland. It was founded in 2017 and crowdfunded with the equivalent of 30MM CHF. Linked third parties are listed in Section 4.2.

Streamr is a distributed open-source software project with contributors from a number of countries globally. Stream vision is to replace centralised messaging infrastructure with a global, decentralised peer-to-peer (P2P) network for transmission of real-time data. It is aiming to provide a solution to well-known problems associated with centralised collection and distribution of real-world data: Domination by large corporations and platforms, isolated data silos, the lack of robustness, vulnerability to cyber attacks and the stifling of innovation due to lack of sharing. 

To solve such problems, Streamr is developing a decentralised data backbone in the form of a global peer-to-peer (P2P) network for transporting real-time data from the industry, IoT, smart cities and communities. The network provides low-latency, robust and secure data delivery and persistency. The throughput capacity scales linearly with the number of nodes. The architecture helps the network to resolve scalability issues resulting from the exponential growth of the amount of data. And by relying on cryptography instead of trust, the Streamr protocol enables data sharing, data monetisation and crowdselling through data unions.

The Streamr project consists of several layered technologies. There is a public roadmap on how to implement the full technology stack. The first version of the P2P network with distributed message brokering functionality is live and already transports around ten billion data points monthly. The transaction layer is implemented in Ethereum smart contracts which handle data permissioning. The data propagation in the network happens without centralised intervention or control. Because the data packets are routed from the contributors to recipients by several different pathways, the network is fault tolerant and resilient to attacks.

As per Section 4.2., there are linked third parties which carry out most of the work allocated to STRMR. Each of these third parties is directly or indirectly owned by Streamr Network AG. STRMR together with the linked companies has deep technical and commercial expertise in decentralised technologies, token engineering, economic modelling, software development, and service process design.

Key personnel

Risto Karjalainen

Risto Karjalainen is a co-founder and COO of Streamr Network AG. He’s got extensive international experience in quantitative finance, asset management, data science, and blockchain technology. He holds a Ph.D. from the Wharton School of the University of Pennsylvania in machine learning and finance. Before helping set up the Streamr project, Risto has worked as a quantitative analyst, a portfolio manager, and team leader in boutique investment firms as well as multinational asset management organisations, including JP Morgan Asset Management and Merrill Lynch Investment Managers. Apart from real-time data and decentralised computing, his interests include behavioural finance, game theory, experimental economics, and evolutionary computation. In this work programme, Risto will contribute to the design of the anti-rival token mechanism and ensure that appropriate resources by Streamr, TX P2P and TEX are deployed into the project. He is a first-time participant to FET under Horizon 2020.

Michael Malka

Michael Malka is Chief Technical Officer (CTO) at TEX. He is a serial entrepreneur with over 18 years professional experience. He has recently been working on ways to use Streamr technology in the health and pharmaceutical sector in the Horizon 2020 KRAKEN project, and has been developing use cases for decentralised data sharing models across a wider range of industries. Michael has previously co-founded other technology companies and has held a number of CTO and CEO roles as well as a number of board positions. With computer science studies at Helsinki University, he is experienced in designing, planning and successfully executing software projects in finance, telecommunications, manufacturing, construction and health and pharmaceuticals industries throughout Europe. He is a first-time participant to FET under Horizon 2020.

Markku Nousiainen

Markku Nousiainen is a Senior Service and UX designer currently focused on decentralised (blockchain based) services, data economies, and MyData. Markku is an advocate of design thinking and participatory design methods and aims at creating disruptive digital service concepts that empower users by giving them control of their own data. Before joining TEX, he has worked in different digital design agencies, software companies, universities, and TV and radio companies such as YLE in Finland. While currently based in Finland and Sweden, Markku has several years of experience working in international settings in the Mexican and Latin American markets, as a designer and business developer, and as a lecturer at Tecnológico de Monterrey, a university in Mexico City. Markku holds an MSc in industrial management from Helsinki University of Technology (2000), and an MA in New media from the Media Lab of University of Art and Design Helsinki (2006). He is a first-time participant to FET under Horizon 2020.

Laura Tuppurainen

Laura Tuppurainen has a background in producing IT projects in a digital agency setting for clients from startups to some of the most trusted brands in Finland. Projects resulted in a wide range of digital services from websites and web applications to mobile apps for various industries. Laura is experienced in planning, coordinating and implementing marketing actions, launching new service offerings, and creating and distributing marketing content around digital services and products. Her command of written and spoken English and Finnish is excellent, and she is used to working in international settings. She holds an MSc in Economics and Business Administration from Aalto University School of Business. She is a first-time participant to FET under Horizon 2020.

Relevant publications or achievements

Streamr white paper: https://streamr.network/whitepaper  

The white paper describes the Streamr project, including the components of the Streamr technology stack, the R&D roadmap and a description of the team.

Governance white paper: https://streamr.network/governance-whitepaper 

The governance white paper is a comprehensive survey of governance mechanisms in decentralised networks. The survey is generic, not Streamr-specific.

Github repository: https://github.com/streamr-dev 

The Streamr network is a highly scalable real-time messaging system which enables applications and devices such as IoT sensors to share and trade their data. The public open-source repository in Github  contains the latest release of the codebase. The project spans 49 repositories, containing the main components of the Streamr stack as well as SDKs for different languages, integrations with various systems, as well as specs and documentation. In total, the codebase contains over 350,000 lines of code, built in 11,000+ commits by 60+ contributing individuals.

Relevant Previous Projects

2017– Streamr project, crowdfunded by CHF 30 MM

Streamr project implements a public, highly scalable real-time messaging system, which enables applications and devices such as sensors, IoT devices and wearable equipment to connect, share and trade real-time data streams. The project was initiated in 2017 and is in active development; it will be completed in the next 2-3 years. For more information, see https://streamr.network/learn/network.

2018 Streamr & Hewlett Packard Enterprise: Pilot project

In partnership with HPE, Streamr in 2018 created an integration of real-time vehicle data. HPE collected information in real-time from the communications “bus” in the car, and the data (e.g. fuel consumption, location, acceleration and gearing) was automatically transmitted to Streamr’s data marketplace. Based on this work, Streamr was the first blockchain organisation to win the Global Innovation Award by Startup AutoBahn.

2019 Machine witness: IoT pilot

In 2019, as part of the The Trusted IoT Alliance (TIoTA) Smart E-Mobility Challenge, Streamr partnered with Bosch Software Innovations and Riddle & Code on pilot project that shared electric vehicle data in real-time  (https://streamr.network/case-studies/machine-witness). The team connected a prototype Bosch gateway to a Jaguar I-PACE via its CAN bus. A mobile router enabled a Streamr node running on a Raspberry Pi to route the real-time data to a “machine witness” product on the Streamr marketplace.

2019– Tracey: Sustainable and traceable fisheries

In an ongoing project, TEX is tackling a complex set of linked environmental issues with an interesting new pilot project called Tracey (https://streamr.network/case-studies/tracey). In partnership with WWF Philippines and UnionBank, TEX aims to make fisheries in the Philippines more sustainable by establishing a chain of provenance over the fish caught and rewarding fisherfolk for providing the capture data.

2019– KRAKEN: Market platform for health and fitness data. TEX funding €560K (total €5 MM)

KRAKEN H2020 project (topic ICT-13-2018-2019) is based on Streamr technology and MyHealth-MyData project. In this project (www.kraken h2020.eu), TEX and LYN are implementing an open data marketplace which allows individuals and institutions to recapture commercial value from ethical and legally compliant sharing of biomedical and health and wellbeing data.

Infrastructure and equipment

The Streamr Network is a public, scalable real-time messaging system, which enables applications and devices such as sensors and wearable equipment to connect, share and trade real-time data streams.

In more detail, the Streamr Network is a peer-to-peer (P2P) network for real-time data. It acts as a decentralised message broker, and enables applications and devices such as IoT sensors, connected devices, and “smart” gadgets to make available the data they are producing, as well as listen to incoming data from other applications and devices.

Traditionally, such message brokering has been done by centralised cloud services, leading to vendor lock-in, compromised data confidentiality, and a requirement of trust. The Streamr Network relies on cryptography instead of trust to keep data confidential and to prove its origin, making the network neutral, open, permissionless, and secure.

Streamr Network employs the publish/subscribe pattern. Messages published to a stream (also known as a topic) get delivered to all subscribers listening on that stream in real-time. The network is flexible enough to support many-to-many message brokering, as well as one-to-many, many-to-one, and one-to-one. The network can scale to millions of messages per second, in millions of individual streams.

The Streamr Network consists of nodes called Brokers which interconnect using the Streamr protocol to form P2P message passing topologies. Broker nodes contribute bandwidth and storage to the network, and earn DATA as usage fees. Running a broker node is somewhat comparable to mining, but instead of solving an CPU/GPU-bound artificial problem and wasting energy, nodes provide useful network resources which collectively implement the message transport service. The network is decentralised by virtue of the P2P structure and the incentive mechanism. The network is robust and scalable, and it can operate without any central party (not even Streamr) controlling the data.

The Streamr Network operates alongside the Ethereum blockchain as a companion network. Ethereum accounts are used as identities on Streamr, and data payloads are signed with an Ethereum private key. The shared cryptography allows the network to interoperate seamlessly with Ethereum, using it for value transfer and as a registry of resources and permissions. The data never gets written to the blockchain;  the actual data transmission is handled by the scalable P2P network. Streamr DATAcoin, or DATA, is a cryptographic token representing value in the Streamr ecosystem, and it is implemented as an ERC-20 token. 

Streamr Marketplace and Core are applications made possible and powered by the network. The Marketplace is a single common interface which brings buyers and sellers of real-time data together. Using a one-to-many off-chain payment scaling solution Monoplasma, the Marketplace also enables crowdselling: large groups of people (say, owners of a connected gadget such as a smartphone) can pool the data they produce into a single product, a Data Union, and get automatically compensated for each purchase of that data. Streamr Core is a toolkit which helps users manage their Streamr resources, explore data, and build integrations and analytics.

The Streamr project consists of several layered technologies. As described in the white paper, there is a well-defined roadmap on how to implement the full technology stack. The roadmap is divided into three milestones (M1-M3). Each milestone iteratively brings new features into the stack, and is expected to take a year or more to complete.

The road towards full decentralisation is incremental. Milestone 1 (named Corea) implemented the first version of the P2P network with distributed message brokering functionality. In Corea, all nodes are still run by Streamr contributors. By Brubeck, trusted parties can join (in progress). In the final milestone (Tatum), anyone can run a node. The P2P network is live and it already transports around ten billion data points monthly.

Streamr Network can readily be integrated to various data sources and applications via SDKs or directly via the API. SDKs are available for various languages such as JS, Java, and Python. There are also integrations to popular integration and analytics tools such as NodeRED, Apache Spark, and Apache Flink.

Demos Helsinki

Demos Helsinki was set up in 2005 to work towards more fair and sustainable societies. It is the leading independent think tank in the Nordics. Demos Helsinki collaborates with diverse partners – from ministries and cities, policymakers, researchers and universities, corporations, associations and foundations, to popular movements, activists and citizens. Demos Helsinki employs over 50 specialists of different fields around societal transformations: social scientists, urban geographers, political scientists, futures researchers, engineers, philosophers and designers.

Research in Demos Helsinki is conducted via Demos Research Institute. It focuses on high-quality research projects and research-based development and innovation projects. DRI has participated actively in national research programmes in Finland (Strategic Research Council of Finland) as well as in European research programmes (Horizon2020 and FP7).

Economic implications of digitalisation, blockchain and data governance feature prominently in Demos’ research. Central themes of our research and co-creation activities are policy interaction, the societal effects of technology, and new economic models. We are also a well-known actor in the field of public sector innovation and 21st century government. We have worked with governments all over the world to rethink how policies could be done. Digitalisation, experimentation and a collaborative approach to problem solving have been central in our work towards better governance, embodied in successfully lead, impact-driven projects leading to concrete changes in policy. 

Key personnel

Anna Björk

Research Area Lead

Anna Björk (DocSocSci, Political Science) specialises in research on political institutions, societal impacts of emerging technologies and the politics of citizenship. Her background includes a PhD and postdoc projects on citizenship, migration and naturalisation in Europe. She has also worked in public sector consultancy, compiling reports and research projects for several ministries in Finland and the Finnish Parliament on e.g. human rights, gender equality and open science. As Research area lead at Demos Helsinki, Anna’s responsibilities include research on democracy, governance and politics, including emerging technologies and the ethics of AI. In ATARCA, she is part of the Demos Helsinki team’s work on impact creation, with the specific interest in research angle to policy and governance. Dr. Björk is a first time participant to FET under H2020.

Johannes Mikkonen

Johannes Mikkonen, Senior Expert in Digital Governance, MA in Social Sciences (Political Science). Johannes has extensive experience in researching and working with the impact of digitalisation in government, society and business. He has led and been a key contributor to strategic digital transformation processes in public administration and has been in charge of strategic stakeholder interaction and collaboration in three publicly funded large-scale research projects. Two of these focused on the development and impact of sensor technology, bringing together developers, users and public administration. Through projects such as these,  Johannes has garnered unparalleled experience in designing and executing impact-driven strategic stakeholder processes that build lasting value for those involved. Currently he is organising a Policy Observatory in the H2020 funded TOKEN project that focuses on blockchain. In addition to his work at Demos Helsinki, Johannes sits on the board of the influential Finnish Information Society Development Center. Johannes’ expertise in policy observatories, digital governance and blockchain makes him well suited to lead ATARCA’s policy interaction. Mr. Mikkonen is a first-time participant to FET under H2020.

Atte Ojanen

Research Coordinator

Atte Ojanen is a Research Coordinator at Demos Helsinki. He has a MSSc from the University of Turku, where he majored in practical philosophy. At Demos Helsinki, Atte works on research projects related to societal effects of emerging technology and future of democracy. Aside from ATARCA, he is also working on “Avoiding AI biases: A Finnish assessment framework for non-discriminatory AI systems” -research project for the Prime Minister’s Office of Finland. Previously Atte has interned at the in-house think tank of the European Parliament and at the research unit of the Finnish Foreign Ministry, focusing on global trends and strategic foresight. He is also active in Turku AI Society, a university think tank publishing on ethics of artificial intelligence. In ATARCA, his work focuses on policy observatory and dialogue sessions. He is a first-time participant to FET under H2020.

Relevant publications or achievements

Anttila, J., Koponen, J., Alanko L., Kuittinen, O. & Leppänen, J. (2020). A Transition to Just and Green Societies in the EU Requires Fixing the Economic Policy: A Suggestion for Implementing Economy of Wellbeing. Demos Helsinki, Helsinki.

Koskinen, I., Ruuska, M. & Suni, T. (2018). Tutkimuksesta toimintaan. (English “From Research to Impact – Researchers Guidebook for Impact and Communication”) City: Art House. ISBN 9789518846805.

Eranti, V., Koponen, J., Leppänen, J., Lätti, R., Mikkonen, J., Neuvonen, A. & Rantanen, K. (2017). The Nordic Digital Promise: four theses on a hyperconnected society. Demos Helsinki, Helsinki. 

Koponen, J., Lampinen, J., Leppänen, J., Lätti, R., Mikkonen, J. & Mokka, R. (2016). How does hyperconnectivity change the way your company creates value? Personalised report. Demos Helsinki, Helsinki.

Neuvonen A, Kuittinen O, Saler K, Höjer M, Rantanen K, Lähteenoja S, Wangel J, Anttila J, Annala M, Välimäki H, Vargas, M (2015). Nordic cities beyond digital disruption. ISBN 978-952-5844-19-1.

Relevant Previous Projects

2020–2023 TOKEN — Transformative Impact Of BlocKchain tEchnologies iN Public Services, H2020

The project aims at developing an experimental ecosystem to enable the adoption of Distributed Ledger Technologies (DLT) as a driver for the transformation of public services towards an open and collaborative government approach. In the project, a Blockchain Platform as a Service Solution (BCPaaS) is developed in tested. Demos Helsinki is in charge of assuring the policy relevance and policy impact of the project by creating a TOKEN Observatory, which includes relevant change makers in policy and tech, and over 30 early adopters of the service developed.

2019–2020 Economy of Wellbeing – a vision on pursuing the economy of wellbeing, Ministry of Social Affairs and Health, Finland

The economy of wellbeing was one of the main themes during Finland’s EU Council Presidency in 2019. The Ministry of Social Affairs and Health partnered with Demos Helsinki during the term of Finland’s presidency. The result of the collaboration was a vision of a European economy of wellbeing whereby wellbeing and economic growth are not separate items. 

2015–2018 The Naked Approach – A World Without Devices, Business Finland

Demos, together with VTT Technical Research Centre of Finland and a consortium of universities, examined how digitalisation and Internet of Things (IoT) changes Finnish society and industries. The project’s main goals were to understand market forerunners and develop a broader vision for society. Demos Helsinki conducted a coherent, long-term vision to guide technological development with multiple stakeholders.

2017–2018 Towards Digital Paradise, Business Finland

As part of the The Naked Approach strategic opening, Towards Digital Paradise developed new businesses relating to sensor technology with a societal perspective. Demos was responsible for finding future business models with a Nordic perspective to gadget-free society. Building on Nordic values such as trust, privacy and participation, the project presented four theses on hyperconnected society related to future of R&D funding, platform economy, corporations and value creation.

2014–2015 Design for Government, PMO Finland

Demos created a model for integrating experiments into the policy-making process. As a result of the project, Finland became the first country in the world to elevate experimentation to the highest political agenda and the Prime Minister’s Office established an Experimental Office which constitutes the central platform for supporting strategic experiments in the country. The work was acknowledged by OECD as a state-of-the-art example globally in OECD report Systems Approaches to Public Sector Challenges.

Infrastructure and equipment

DEMOS is well connected to local, national and European policymakers and has facilitated numerous policy interaction, public-private partnerships and co-creation exercises.


Novact contribute to changes in the political, economic and social structures in the euromediterranean region by means of nonviolence, denouncing unjust situations and constructing alternatives: Control the privatisation of war & security, prevent extremist violence, promote gender justice, support nonviolent civil resistance strategies and build democracies.

Main activities: 

  • To use advocacy in order to ensure that governmental, local and international actors work in favour of human security, peace building and democracy in all its dimensions, ensuring equality of treatment and respect for everybody.
  • To support peaceful civil resistance movements, which work for conflict transformation and/or in situations of injustice, ensuring human security and provision of basic needs, developing rights and freedoms, and promoting societies that can live without fear of violation of their values and rights.
  • To develop Nonviolent and Civil Operations of Peacekeeping in order to protect vulnerable populations in armed conflict situations, creating of systems for peace-building and conflict prevention, reconciliation and political transition, where local civil society and/or representative institutions demand it.
  • To promote innovation and technology to build new economic systems to reinforce economic justice.

In particular, NOVACT centers its strategy on two axes: economic democracy and political democracy. Economic democracy tasks deal with identifying Economic Justice as one of the fundamental pillars of Global Justice. The economy is a central aspect that determines the set of social relationships and conflicts: it is impossible to deepen democracy without advancing toward equity among peoples and persons. In this sense, it becomes necessary to change economic relationships and its final objective, in such a way the economy focuses on the common good and places persons in the center. We should encourage procedures through which society is the actor that controls the economy by means of participation, constructing economic sovereignty. On the other hand, it becomes necessary for the governments to adopt democratic standards progressively, constructing the institutions necessary to ensure citizen participation and to enact more laws and public policies directed at the common good. 

Along this line of economical democracy, Novact works with complementary monetary systems with the objective to favour a cooperative economy based on the social and solidarity principles and an economy for the common good. Novact has experience on channeling social public expenses in complementary currency to have an impact on the local economy and on analysing its impact. These monetary systems can have multiple applications to foster productive model change in cities and in relationships between persons. Transcending dynamics based on scarcity or resource centralisation, towards a socially inclusive and environmentally sustainable system, orientated to the common good and a transparent dynamic for the management of socio-economic public policies. 

Novact has been participating in the European project: “Combining guaranteed minimum income and active social policies in deprived urban areas of Barcelona (B-MINCOME)”, where Novact created a monetary system named REC (Real Economy Currency). It is a complementary currency created to channel public expenditure towards the local economy: 533 families that live in the Besòs area of Barcelona spend 25% of the MIS (Municipal Inclusion Support – a basic income) payment using RECs in local, independently managed businesses. As a result, the local multiplier effect of the public spending has increased by 54% within the first year, coproducing an additional public policy in supporting the local economy. 

The REC is an exclusively digital currency and can be used with a mobile app (IOS and Android), so payments are contactless and through a QR code. The technological system of the REC can be replicated and integrated to other platforms to create new functionalities, always having the objective to promote local and cooperative economy.  

In this sense, Novact has experience in the design and implementation of monetary systems and social economies in different fields and areas, and therefore ATARCA is an opportunity to advance in the experimentation of new models and systems based on cooperation and collaboration.

Key personnel

Diego Martínez Nebot

Diego Martínez Nebot is the responsible for the REC currency technology: ensuring the proper performance of the entire technology ecosystem. Strategic definition for new developments. Implementation of developments: elaborate functional design, coordinate the development team, follow up the process (App, B2B module, control panel, POS…) and perform quality tests in each development phases. Connection between the development team and the professional staff of REC.

Diego Martínez has a lot of experience as a project manager and Android developer:

  • CreativeChain POS (android app): that allows businesses to make payments with Bitcoin and Creativecoin crypto-currencies. This app also has a product catalog that allows the business to digitalise all its products. It also has a functionality to send invoices via email.
  • FairCoin POS (android app): similar to CreativeChain POS. The difference is that this version allows payments with Faircoin crypto-currency and also includes a whole system of recharging, payments, etc. with NFC cards. 
  • Small business app (android app): app for the administration of a small business, the management of home deliveries and the catalogue of available products.

Diego will coordinate the technology system. 

Diego Martínez is a first-time participant to FET under H2020.

Julia Ponti Estrems

Julia Ponti Estrems  is a communication officer. She is currently working in REC, the citizen’s currency of Barcelona: planning, development and coordination of communication campaigns, creation of promotional materials, community manager and relationship with other actors involved such as entities and REC’s users.

She worked one year in Pollinate Energy in India, an organisation that fights against extreme poverty through a sustainable development and promoting the gender equity. She designed campaigns for volunteer and fundraising promotion and coordinated volunteer teams: organisation and management of 4 volunteering programs.

Moreover, she worked on other projects:

  • The implementation of the NOVACT Equality Plan.
  • The dynamization of the presential sessions with participants and technicians in the participative process to rethink and redefine the future of the Punts Òmnia. 
  • Participatory Budgets in Barcelona: support in the face-to-face workshops and the dynamization of the Decidim platform in the participatory process of the Barcelona City Council 2020.

Julia will coordinate the communication and dissemination project.

Julia Ponti is a first-time participant to FET under H2020.

Dani Duocastella Muntada

Dani Duocastella Muntada is a sociologist specialised in participation and social transformation projects and active citizenship for the last 10 years. He has developed participation projects in all phases: design, management and dynamization of processes such as City Educational Projects, Plans Sustainability, Urban Mobility Plans, zoning plans, etc. It has also promoted active citizenship projects as Actívate, Barcelona Consensus to promote the creation of public circles of social transformation. He has contributed to the design and implementation of a citizen’s currency (REC) in Barcelona as part of the B-MINCOME project.

He has an extensive experience in coordinating projects, programs and teams. He has a good communication and advocacy skills gained through his job as raising awareness lead in NGOs and in participatory process. He has a good managerial skill.

Research and research projects:

  • Report on the results of the impact of the citizen’s currency on the Eix Besòs (Barcelona) 2019
  • Elaboration of the Social Observatory of Manresa (2008-2010)
  • Publication of the Social Inclusion Report (2010 and 2008)

Dani will coordinate the Novact team and he we will coordinate and define the participatory process and community monitoring, and evaluation. 

Dani Duocastella is a first-time participant to FET under H2020. 

Luca Gervasoni Vila

Luca Gervasoni Vila is the founding director of NOVACT – International Institute for Nonviolent Action. For the last decade, his work has focused on how grassroots nonviolent movements can successfully fight for rights, freedom and justice. He lives in Barcelona and has worked with activists from around the world waging social change. He has contributed to the book Economic Democracy: an alternative to capitalism.

Luca has more than 18 years of experience in the field of Human Rights, more than 18 years of experience in the field of Peace Building and more than 18 years of experience coordinating projects funded by the European Union, EU international cooperation agencies of the member states and UN agencies.

Luca designed and implemented the NGO Strategy on Rule of Law Promotion, Conflict Transformation, Human Rights Defenders Legal Support, Training Programs and Advocacy Strategy. He also designed and implemented the NGO Fundraising Strategy. Main Funders: Europeaid, AECID, UNDP-PAPP, UN-Rule of Law Program, Europeaid, ACCD, Barcelona Solidarity, Skoll Foundation, and designed and implemented the NGO Strategy in Strategic Relations and Institutional Representation.

Luca will participate in designing an economic model and the dissemination-communication project. 

Luca Gervasoni is a first-time participant to FET under H2020. 

Sergi Cutillas Márquez

Sergi Cutillas Márquez is a MSc in Specialised Economic Analysis: Competition Policy and Market Regulation. Barcelona Graduate School of Economics. He is currently part of Ekona’s team, a cooperative enterprise specialised in economics that promote innovation in the public and community spheres to adapt to the various transitions that are taking place.

He has worked in different consulting projects in Ekona: 

  • Aequum ESG – Development of a certification system of responsible investment targeted to businesses, based on the Sustainable Development Goals of the UN. 2019.
  • Taxi Project 2.0 – Policy contributions from the taxi sector to improve urban mobility in the EU. 2019.
  • Km-ZERO project – Urban architectural reform of the emblematic street of ‘les Rambles’, in Barcelona. 2017-2018.
  • Pla Queda’t (‘Stay’ Plan) – Policy plan to contain gentrification in Poble Sec, district of Barcelona. 2017.
  • Barcelona Energia – Original design of the public electricity company of Barcelona. 2016. 

He has different publications in books:

  • Europe, democratic alternatives. La Dispute. 2019. Author of a chapter.
  • Heads and Tails of Public Debt. RBA. 2016.
  • Degrowth: A vocabulary for a new era. Routledge-Earthscan. 2014. Author of a chapter.
  • Citizen Public Debt Audit – Experiences and Methods. CETIM-CADTM. 2013. Author of a chapter.
  • Why we shouldn’t pay the debt. Reasons and Alternatives. Icària. 2013. Author of a chapter.

And some sample of research:

  • Towards a new democratic Europe. 3rd Congress on Economics and Business of Catalonia. College of Economists of Catalonia. 2018.
  • The Project of the United States of Europe. Viento Sur. 2016.
  • TTIP and financialization. TTIP’s economic and financial impact. ODG. 2015.
  • Preliminary report of the Truth Committee on Greece’s Debt. Hellenic Parliament. 2015. Text produced collectively with other authors.

Sergi will participate in defining the experiment model design (legal, technical, economic) and the monitoring and evaluation. 

Sergi Cutillas is a first-time participant to FET under H2020.

Relevant publications or achievements

Report on the results of the impact of the citizen’s currency on the Eix Besòs (Barcelona) – 2019 (Novact)  


Europe, democratic alternatives. La Dispute. 2019. Author of a chapter. (Sergi Cutillas)

Democracia Económica Hacia una alternativa al capitalismo – Luca Gervasoni Vila, Antoni Comín Oliveres (coords.) Icaria Editorial.

The REC technological system (Barcelona) – 2019 (Novact): 


Guide for the protection and promotion of Human Rights in public contracting. Barcelona – 2019 (Novact):


Relevant Previous Projects

Current research and innovation projects

European institution, service responsible and programme 

Agreement no. 

Year of the award 

Title of the action 

Amount of the grant (in EUR) 

European Commission – EU Regional and Urban development – Urban Innovative Action (UIA) – Initiative of the European Union promoting pilot projects in the field of sustainable urban development.



UIA01-031, Combining guaranteed minimum income and active social policies in deprived urban areas of Barcelona (B-MINCOME)



The main objective of the project is a sustained reduction in poverty, promote human rights and democratic policies. The project empowered people experiencing with democratic co-design and co-production dynamics between the municipal services, the community and the recipients of the income. 

Novact is responsible for the design and implementation of the citizen’s currency: Design the model, the user experience, hire technological partners and economic / financial management services (entities providing certified payment services and economic / financial management materials), legal advisors, communication experts and currency experts for its implementation. A governance space will be created with the citizens (social, economic and municipal) with the support of the municipality so that the social currency is a means and a resource managed by the same citizen in medium and long term. Novact will be the managing entity of the social currency that will help reinforce the social and labour inclusion of the beneficiaries of B-MINCOME (1000 families) and promote local economic circuits through the stores (150 establishments).

Donors to the action

Year of the award

Title of the action

Amount of the grant (in EUR)

Barcelona’s city Council and Fons Català de Cooperació 


Improvement of public procurement processes based on ethical criteria and respect of human rights to promote coherence of local government policies and responsible consumption of Barcelona citizenship

61.778,92 €

Description: Contribute to the respect of Human Rights (HR) by transnational corporations through the responsible consumption of public institutions and global citizenship. The specific objectives are:

  • Carry out public procurement processes based on ethical criteria and respect of HR by Barcelona City Council, Metropolitan Area of Barcelona, Diputació de Barcelona and Generalitat de Catalunya, to promote policy coherence and responsible consumption of citizenship.
  • Strength the tools of the administrations to incorporate these criteria. 
  • Improve the information of the administrations in order to incorporate these criteria.
  • Value the exercise of coherence of public policies and promote the awareness of the citizenry on responsible consumption.

Donors to the action

Year of the award

Title of the action

Amount of the grant (in EUR)

Barcelona’s city Council 



62.580,00 €


Description: Contribute to the Catalan authorities within the framework of the Global Responsibility, ensure compliance with the Human Rights (HR) through the implementation of control mechanisms on Transnational Corporations (TNCs). The specific objectives consist of:

  • Promote public procurement ethics respect for human rights and sensitise the citizens of Barcelona on the importance of public procurement ethics.
  • Strengthening convergence and networking between government, Civil Society Organisations (CSOs) and citizens to create strategies on promoting ethical procurement.
  • Provide useful tools to guide the implementation of public procurement and add public administration bodies and supra-local application.

Donors to the action

Year of the award

Title of the action

Amount of the grant (in EUR)

Generalitat de Catalunya 


strengthening Catalan economy through a responsible investment stamp

199.917,50 €


Description: Attract capital for high-impact, responsible and sustainable projects through the creation of a stamp of responsible investment. The specific objectives are to:

  • Encourage the participation of citizens with low savings to invest in responsible projects through social currency.
  • Promote economic reactivation of the economic fabric.
  • Relocating the economy in strategic sectors.
  • Promote economic productivity, to the extent that new technology that increases security while reducing financial costs. 

Donors to the action

Year of the award

Title of the action

Amount of the grant (in EUR)

Generalitat de Catalunya 


strengthening of the Catalan social and solidarity economy through the complementary currencies

198.640,00 €


Description: Define a commandment of key strategies for economic reactivation, through an investigation into social and complementary currencies and cooperative finance. The specific objectives are:

  • Promote the economic reactivation of the economic fabric.
  • Promote the competitiveness of the economy of the companies in the REC currency network.
  • Strengthen networks between neighbours and between entities and businesses, as a tool for social cohesion.
  • To promote employment in social enterprises for the currency management to develop related applications.

QBit Artifacts, SL

QBit’s main activity is to help entrepreneurs to start build successful companies, helping them in the technological, financial and strategical part.

Main activities: 

  • Develop and maintain the REC technical part, including the API, back office, mobile apps and infrastructure.
  • Invest and participate in innovative companies in seed phase.
  • Cryptocurrency and investment advisory.

Founders of QBit come from the cryptocurrency and security world, having founded several companies around the world related to cryptocurrencies (crypto exchanges and ICOs), and cybersecurity companies.

Two years ago, QBit started working together with NOVACT in the development and management of the REC monetary system and QBit’s team is the main contributor to the technical part of the project.

The REC is an exclusively digital currency and can be used with a mobile app (IOS and Android), so payments are contactless and through a QR code. The technological system of the REC can be replicated and integrated to other platforms to create new functionalities, always having the objective to promote local and cooperative economy.  

In this sense, QBit has experience in the design and implementation of monetary systems and social economies in different fields and areas, and therefore ATARCA is an opportunity to advance in the experimentation of new models and systems based on cooperation and collaboration.

Key personnel

Manolo Edge

Manolo Edge is the the REC front-end developer: develops and maintains either the Apps for android and IOS and the Back-office panel using Ionic Framework and AngularJS.

Lluís Santos

Lluís Santos is the REC backend developer: develops and maintains the REC  API using Symfony framework, he also does all the DevOps work related to the REC infrastructure and helps the REC team to take technological and security decisions.

Moreover, he worked on other projects:

  •   The implementation Creativechain project (https://creativechain.org)
  •   The implementation of Pylon network project (https://pylon-network.org/)
  •   He is one of the main contributors of the guifi.net expansion in Castellon area (https://guifi.net/castello).
  •   Contactless payment system and control access called TouchItEasy.
  •   Electronic signature system called SignItEasy.
  •   Contributes to the development of an open source game engine for WearOS and Android,  WearKit (https://github.com/tocappgames/wearkit) 
  • Contributes to the development of an open source solution for network backups, DisasterMan (https://github.com/qbitartifacts/disasterman)

Lluís Santos is a first-time participant to FET under H2020. 

Relevant publications or achievements

The REC technological system (Barcelona) – 2019 (QBIT): https://rec.barcelona/wp-content/uploads/2020/05/REC-DESCRIBING-THE-TECHNICAL-SIDE.pdf 

ATARCA has received funding from the European Union’s Horizon 2020 research and innovation programme. The content of this website does not represent the opinion of the European Union, and the European Union is not responsible for any use that might be made of such content.