Tom Farren: Iota Foundation to support EU blockchain initiative
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.