Iota Foundation to support EU blockchain initiative

Iota Foundation to support EU blockchain initiative

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....


Related News

IOTA joins Japanese gov’t on blockchain-based maintenance project

The IOTA blockchain finds a use case in industrial maintenance. The IOTA Foundation, a non-profit organization behind the IOTA blockchain, is collaborating with Japan’s government on a project targeting industrial infrastructure.The foundation has partnered on a project initiated by major Japanese maintenance companies, Best Materia and IMC, IOTA representatives announced on Oct. 27. The project is funded by the New Energy and Industrial Technology Development Organization, a national research and development agency operating under Japan’s Ministry of Economy, Trade and Industry.According....

Founder David Sønstebø out of Iota Foundation after ‘unanimous' board decision

The Iota board said it had “parted ways” with Sønstebø due to the fact its interests have “diverged significantly” with those of the co-founder. David Sønstebø will no longer be a part of the Iota Foundation, a non-profit which he helped co-found and most recently co-chaired.According to an announcement from the Iota Foundation, the organization has “parted ways” with Sønstebø. It said it was a "unanimous decision, made by the Supervisory Board in the best interest of Iota and its ecosystem."The announcement stated the project’s interests have “diverged significantly” with the....

Iota selected for Phase 2A of EU blockchain initiative

In the coming months, Iota plans to pilot product passports for digital waste recycling and the cross-border management of intellectual property rights for artists' creative work. On Thursday, the Iota Foundation, which oversees developments in the namesake Internet-of-Things transactions blockchain (IOTA), announced that it had been selected as one of five contractors by the European Commission to develop blockchain and distributed ledger technology in the region. According to the announcement, phase 2A aims to advance European Blockchain Services Infrastructure, or EBSI, in five areas:It....

Why IOTA Was Chosen By The European Union To Develop Blockchain Solutions

IOTA was selected as one of the projects that will take part in the European Union Blockchain Pre-Commercial Procurement. The platform will be competing with four projects in a second round for this EU program for a chance at improving the European Blockchain Services Infrastructure (EBSI). Related Reading | IOTA Smart Contracts Enter Beta Phase To Circumvent Network Flaws Announced by the IOTA Foundation (IF), the network has reached stage two out of three after it was selected from around 35 applicants. This second phase will last around six months, per the announcement, and will....

The Blockchain-less Token IOTA is Ready to Take on the World

IOTA, the decentralised Internet of Things tokens, is now going into beta version. IOTA is a micro-transaction crypto-token that will facilitate the architecture involved with IoT. The IOTA protocol runs off of Tangle, which has similar functionality to a blockchain yet acts more like an emulated version, giving it more versatility. IOTA tokens will be available for testing by a limited number of users outside the company starting early February, said its co-founder David Sønstebø. David Sønstebø had earlier talked to CoinTelegraph in October 2015 after the release of IOTA. We catch up....