A research project that aims to start an online community of 50,000 internet users to evaluate the principles of an ‘internet of trust’ in an interdisciplinary project that uses computer science, economy and legal knowledge has received a grant of €3.3 million. Of the total amount, €1.5 million comes from the Dutch Research Council (NWO). The funding will allow associate professor of finance Dr Dion Bongaerts from Rotterdam School of Management, Erasmus University (RSM) to be part of the Sovreignty4Europe project to design an internet-based system that records various forms of transactions in a reliable and law-compliant way. The project is financed by Holland High Tech Top Sector HTSM, NOW, and the Delft Blockchain Lab at TU Delft. It ties into to the Dutch Blockchain Research Agenda in the Faculty of Law at the University of Amsterdamas well as the Fintech research agenda at the Erasmus Centre for Data Analytics. Their proposal Sovereignty4Europe describes a system that uses a blockchain that allows anyone to assess their level of trust in a person or company.