- The IOTA Foundation successfully completed the testing of Phase 2A of the EU blockchain Pre-Commercial Procurement.
- In Phase 2B, IOTA will complete the field testing of the IOTA Stardust solution including tokenization and smart contracts.
Over the last few months, the IOTA blockchain network has been working closely with the European Commission to bring blockchain services pan Europe. In the latest development, they have completed the rigorous testing of Phase 2A of the EU blockchain Pre-Commercial Procurement.
As a result, the IOTA foundation will now proceed to the next phase of implementing its distributed ledger solution on a large scale across the entire Europe. Dubbed the European Blockchain Pre-Commercial Procurement (PCP), this next phase will test if it is possible to develop and test novel blockchain technologies for its use in the future to improve network capacities and use cases of the European Blockchain Services Infrastructure (EBSI).
[ICYMI] #IOTA is selected for next…