Tom Farren: Iota Foundation to support EU blockchain initiative

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Tom Farren: Iota Foundation to support EU blockchain initiative
editor_iot
9/09/2021 – 08:41

The Iota Foundation is one of seven enterprises chosen to support the early-stage innovation of a European blockchain venture.

The European Commission’s blockchain initiative has selected the Iota Foundation as one of seven projects to participate in the preliminary stage of designing an EU-wide distributed ledger technology platform. 

The initiative seeks to increase the efficiency and accountability of the European Blockchain Services Infrastructure (EBSI), a network of nodes dedicated to facilitating the efficiency of EU-centric transactions, as well as the expansion of the region’s supply chain through the adoption of emerging technologies, all the while reducing European carbon footprint.

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