The IOTA Foundation was recently selected as a contractor for Phase 2 of the EU blockchain’s pre-commercial procurement. They will now develop prototype improvements for the European Blockchain Services Infrastructure (EBSI)’s future versions.
Competing For The EU
The foundation announced the commission’s support in a blog post on their site earlier today. They will be competing with four other selected contractors to research how the EBSI could be made more scalable, interoperable, secure, and energy-efficient.
The EBSI is a collection of nodes using blockchain technology to improve cross-border services across Europe. It was created in 2018 after the EU commission and member states formed the European blockchain sponsorship.
In September, IOTA was selected in Phase 1 of the EU blockchain’s initiative, among seven of thirty-five applicants.
In Phase 2A, the foundation will reportedly work closely with Software AG on implementing its improvements. After six months, the commissi
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