In the latest development, Amsterdam-based WordProof finished first in the ‘Blockchains for social good’ competition hosted by the European Commission. As a result, the company won €1 million. With this contest, Europe aims to stimulate the use of blockchain technology to solve social problems.
Founded in 2019 by Sebastiaan van der Lans and Frank van Dalen as an angel investor and partner, the Dutch startup is on a mission to restore trust in the internet. According to the Global CIGI-Ipsos research, the confidence on the Internet is declining due to fraud, fake news, and privacy issues, among other things.