IOTA Foundation will be one of the companies selected by the European Union to support the development of the blockchain initiative in EuropeThe initiative is supported by the European Commission for the development and testing of blockchain solutions for the single digital market.
The IOTA Foundation will support the European Blockchain Services Infrastructure (EBSI) in international relations between governments, businesses and citizens for “digital management of educational data, establishing robust digital auditing, document tracking, SME financing, government-to-government data sharing and digital identity”.
The nodes of the EBSI network will be managed by both the European Commission and individual EU states.
Current and planned use cases include digital educational data management, reliable digital notarized control journals, SME financing, government-to-government data exchange, and European digital identity.
After initial introduction in the EU, this technology can also go beyond it.
