The IOTA Foundation is one of the seven contractors selected to design innovative DLT solutions to enable more demanding pan-European blockchain services.
TL;DR: The IOTA Foundation has been selected as one of 7 projects from 30+ applications, to participate in the first phase of the EU blockchain pre-commercial procurement process. This aims to design new DLT solutions to improve the scalability, energy efficiency and security of EBSI, a network of blockchain nodes across Europe. If selected for the next phase, IOTA could be one of the technologies that will be developed and tested with core European services.What is EBSI?
The digitization of public services across the European Union has taken a substantial leap forward with EBSI, the European Blockchain Services Infrastructure, which wants to be a blockchain for Europe. The IOTA Foundation – the non-profit organization behind the Tangle, an open-source, scalable, feeless, and permissionless distributed ledger technology (DLT) – is participating in the EU blockchain pre-commercial procurement that is piloting new solutions that could help improve future evolutions of EBSI.
Started in 2019 by the European Blockchain Partnership, the European Blockchain Services Infrastructure (EBSI) aims to develop a network of nodes across Europe to support cross-border services between governments, enterprises, and citizens (i.e. public administration). The idea is to improve the efficiency and trust of EU-wide transactions, enhance the mobility of citizens, enterprises, and goods, reduce Europe’s environmental impact, in a way that respects compliance with EU regulations, and encourages the growth of tech hubs and projects.
The network’s nodes are run on the European level by the European Commission, and on a national level by member countries of the European Blockchain Partnership. Planned use cases range from the digital management of educational credentials, the establishment of trus...