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. The IOTA Foundation — a non-profit organization supporting the Tangle, an open-source DLT platform — will support EBSI in cross-border relations between governments, businesses, and citizens for the “digital management of educati
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