The European Commission has collaborated with top blockchain developers to pave the way for scalability, sustainability, and security within the European Union. The Iota Foundation recently completed the final phase of the EU's blockchain Pre-Commercial Procurement (PCP) alongside seven other participants. These developers have been creating innovative prototypes using distributed ledger technology to address specific areas like intellectual property rights management and digital product passports. Launched in 2020, the European Blockchain PCP aimed to enhance the European Blockchain Services Infrastructure (EBSI) to facilitate cross-border digital services. With Iota's successful completion, they are poised to contribute to the next wave of blockchain infrastructure through the EUROPEUM-EDIC. Collaborating with local partners, Iota is developing solutions incorporating decentralized identities, smart contracts, and advanced data sharding techniques to enable scalable and energy-efficient blockchain applications across the EU. This initiative aligns with the EU's efforts to advance technology policies and innovations, including blockchain-based sustainability solutions. Read more AI-generated news on: https://app.chaingpt.org/news