THELOGICALINDIAN - IOTA was called as one of the projects that will booty allotment in the European Union Blockchain PreCommercial Procurement The belvedere will be aggressive with four projects in a additional annular for this EU affairs for a adventitious at convalescent the European Blockchain Services Infrastructure EBSI
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Announced by the IOTA Foundation (IF), the arrangement has accomplished date two out of three afterwards it was called from about 35 applicants. This additional appearance will aftermost about six months, per the announcement, and will accept a appropriate focus on research, development, and lab testing.
The IOTA Foundation will accept abutment from the European Commission in adjustment to investigate and advance “blockchain innovations in the ambience of testing how approaching evolutions of EBSI could advance appear a added scalable, energy-efficient, defended and interoperable architecture”.
In that sense, the IOTA Foundation revealed that it will accomplice with Software AG to apparatus the developed solution. After, the EU Commission will barrage an appraisal appearance to analysis the after-effects of its program’s additional appearance and the advance anniversary actor has accomplished. The IF added the following:
(…) based on this evaluation, a minimum of three projects will be called to move on to Phase 2B, final solutions development and acreage testing, which is accepted to aftermost addition year.
Therefore, the non-profit alignment will alpha testing blockchain solutions based on IOTA, accurately they will analysis a use case for agenda artefact passports for agenda decay recycling and a cross-border administration of IP rights, the advertisement said. Besides Software AG, the IF will await on added ally and will attack to advance its accomplice network.
In the past, the alignment has formed with above companies from about the apple to advice them advance assorted use cases. This includes software behemothic IBM, Dell Technologies, Jaguar Land Rover, and others.
IOTA To Power EU Supported Blockchain Solutions?
In its final stage, the EU affairs will crave projects to acreage analysis the capabilities of their proposals. The IF claimed to be “excited” about its role on this European apprenticed action and added:
We actual abundant abutment the cardinal focus placed by the European Commission on blockchain and broadcast balance technology as a disciplinarian for addition and growth. We are advantaged to be allotment of this pre-commercial accretion action to advance a Europe-wide basement based on blockchain and DLT for use in accessible casework (…).
IOTA will address assets to advance solutions and use cases on Scalability, and the accomplishing of sharding on the EBSI infrastructure. The cold is to advance the protocol’s calibration capabilities to onboard and abutment the users that will advantage the EBSI network.
The IF will attack to advance its sharding band-aid with a “root network” approach. In added words, a capital arrangement will be affiliated to a alternation of blade or annex abate networks. In addition, the alignment will assignment on its accord and babyminding mechanism, its interoperability, and abeyant to apparatus character solutions.
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At the time of writing, IOTA trades at $1,11 with a 1.9% accident in 24 hours.
