As part of European blockchain PCP, IOTA’s efforts include key advancements in tokenized KYC, intellectual property rights management, and digital product passports.
It has also introduced a secure Know Your Customer (KYC) solution for the decentralized finance (DeFi) ecosystem.
The IOTA blockchain has been at the forefront of the EU blockchain revolution while building cutting-edge solutions for businesses operating in the region. Last year, the IOTA Foundation successfully concluded the European Blockchain Pre-Commercial Procurement (PCP) project, funded by the European Commission, as mentioned in our previous report.
This initiative focuses on designing innovative distributed ledger technology (DLT) solutions for Europe. As part of the project, the foundation developed advanced product solutions while showcasing their scalability and sustainability. In addition to this, the blockchain has also been working on some of the other key lighthouse projects such as tokenized KYC, int
