The IOTA Foundation has finalized its participation in the European Blockchain Pre-Commercial Procurement (PCP), a multi-phase initiative funded by the European Commission to advance distributed ledger technology (DLT) for public-sector applications. Collaborating with partners Chromaway and Billon, IOTA delivered prototypes for Intellectual Property Rights (IPR) Management and Digital Product Passports (DPP), showcasing scalability, sustainability, and interoperability.
Key Achievements
1. Solution Architecture
IOTA’s PCP submission leveraged its Tangle DLT (built on the Stardust protocol) with these components:
- Core DLT Layer: Uses a Decentralized Coordinator and Proof-of-Authority consensus for EU-wide governance.
- Satellite Systems: Enable third-party integrations via IOTA-EBSI connectors and an Auditable Item Graph for object traceability (e.g., digital twins).
👉 Explore how IOTA’s Tangle technology drives innovation
2. Prototypes Developed
- IPR Management: Automated royalty payments for music in films using smart contracts and NFTs.
- DPPs: Tracked electronics life cycles and agricultural plastic waste upcycling, aligning with EU sustainability goals.
3. Technical Innovations Validated
- Scalability: Achieved ~90K transactions/second via Tangle Tree sharding.
- Sustainability: Demonstrated logarithmic energy consumption growth with transaction volume.
- Security: Complied with NIST-800, CISA, and quantum-resistant cryptography standards.
Future Steps: Commercialization and EUROPEUM-EDIC
As the European Blockchain Services Infrastructure (EBSI) transitions to EUROPEUM-EDIC, IOTA aims to:
- Deploy a sandbox for EU member states.
- Partner with commercial entities (e.g., Eviden’s DPP for automotive batteries).
Dominik Schiener, Chairman of the IOTA Foundation:
"EBSI strengthens Europe’s digital sovereignty. Our PCP work proves IOTA’s readiness for large-scale public infrastructure."
FAQ
Q1: What was the goal of the European Blockchain PCP?
A: To develop scalable, energy-efficient DLT solutions for cross-border EU applications like credential verification and supply-chain tracking.
Q2: How does IOTA’s Tangle improve sustainability?
A: Its energy consumption scales sub-linearly, outperforming traditional blockchains like Hyperledger Besu.
Q3: What commercial opportunities exist post-PCP?
A: Partnerships with governments and firms to operationalize DPPs/IPR systems—contact [email protected] for collaborations.
👉 Learn more about IOTA’s role in next-gen blockchain infrastructure