Veröffentlicht von • IOTA, a cryptocurrency start-up leveraging blockchain technology and IoT (Internet of Things), has been chosen to take part in the next stage of testing and development for an European Blockchain Pre-Commercial Procurement (PCP) initiative.
• This project seeks to investigate the feasibility of utilizing blockchain technology to both improve current applications and develop new ones for the European Blockchain Services Infrastructure (EBSI).
• The goals of the EBSI include promoting cross-border mobility, reducing waste, ensuring compliance with E.U. regulations, fostering the growth of technology hubs and projects, and making digital services more reliable and trustworthy.
IOTA, a cryptocurrency start-up leveraging blockchain technology and IoT (Internet of Things), has been chosen to take part in the next stage of testing and development for an European Blockchain Pre-Commercial Procurement (PCP) initiative. This initiative seeks to investigate the feasibility of utilizing blockchain technology to both improve current applications and develop new ones for the European Blockchain Services Infrastructure (EBSI).
The European Blockchain Pre-Commercial Procurement (PCP) is an initiative that aims to enhance pan-European blockchain services through a distributed ledger system. This system is expected to allow for greater trust and transparency in transactions, as well as provide better security and privacy for data. Additionally, the project seeks to reduce waste, ensure compliance with E.U. regulations, foster the growth of technology hubs and projects, and make digital services more reliable and trustworthy.
The IOTA Foundation, the organization behind the IOTA cryptocurrency, is one of the few chosen to take part in the next phase of testing and development for the PCP. According to Dominik Schiener, co-founder and chairman of the IOTA Foundation, their technology already shares the same core values with EBSI, so they have felt it has been a very natural fit throughout this testing process.
The IOTA Foundation is confident in their ability to bring distributed ledger technology to the European market and are excited to move onto the next phase of the PCP. As they move forward, they will be working in conjunction with the European Commission and the European Blockchain Services Infrastructure to develop and test a distributed ledger system that can be used to deliver improved European-wide blockchain services.
The IOTA Foundation is hopeful that the successful implementation of this project will lead to the development of new applications and services that can improve the way businesses and individuals are able to operate within the European Union. By taking part in this project, the IOTA Foundation is helping to ensure that the European Union remains at the forefront of digital innovation and development.