IOTA Foundation supports EU blockchain project

European Commission’s Blockchain Initiative Selected The IOTA Foundation is one of seven projects involved in the design and innovation of the initial stage of the distributed ledger technology platform within the EU.

The plan aims to improve the efficiency and accountability of the European Blockchain Service Infrastructure (EBSI), a node network dedicated to improving the efficiency of EU-centric transactions and expanding the supply chain in the region through the adoption of emerging technologies , While reducing Europe’s carbon footprint.

The IOTA Foundation-a non-profit organization that supports the open source DLT platform Tangle-will support EBSI to implement “digital management of educational certificates in the cross-border relationship between government, enterprises and citizens, and establish credible digital audit trails and documents.” Traceability, SME financing, data sharing between authorities, and digital identification.”

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