{"id":83965,"date":"2024-07-12T10:18:32","date_gmt":"2024-07-12T14:18:32","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=83965"},"modified":"2024-07-12T10:18:37","modified_gmt":"2024-07-12T14:18:37","slug":"eu-backs-relational-blockchain-for-sustainable-solutions","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/eu-backs-relational-blockchain-for-sustainable-solutions\/","title":{"rendered":"EU Backs Relational Blockchain for Sustainable Solutions"},"content":{"rendered":"\n

The EU continues its partnership with ChromaWay to develop blockchain-based sustainability solutions<\/a>, focusing on Digital Product Passports and IP rights.<\/p>\n\n\n\n

\"EU
EU Backs Relational Blockchain for Sustainable Solutions<\/figcaption><\/figure>\n\n\n\n

The European Union has reaffirmed its commitment to collaborating with ChromaWay to create blockchain-based sustainability solutions.<\/p>\n\n\n\n

This decision was made on July 12 in response to ChromaWay's presentation at the EU Pre-Commercial Procurement (PCP) final review meeting, which demonstrated progress in decentralized applications for Digital Product Passports (DPP) and intellectual property (IP) rights.<\/p>\n\n\n\n

During the Brussels review meeting, ChromaWay emphasized the advancement of its foundational technology, relational blockchain. This technology improves the organization and complexity of on-chain data<\/a>, thereby increasing efficiency.<\/p>\n\n\n\n

The decentralized security of blockchain is combined with the flexibility of relational databases in relational blockchain technology.<\/p>\n\n\n\n

It has the potential to power enterprise solutions, but it also serves as the foundation for Chromia, a public layer-1 platform that is specifically designed for decentralized applications. Chromia is scheduled to launch its mainnet on July 16.<\/p>\n\n\n\n

In an interview with Cointelegraph, Or Perelman, the co-founder of Chromia, expressed his enthusiasm for developing innovative solutions <\/a>for institutional applications in collaboration with the EU.<\/p>\n\n\n\n

\n

\u201cBy fostering collaboration among governments, regulators, institutions, and blockchain innovators, we can unlock the full potential of Web3 technology and drive widespread adoption.\u201d<\/p>\n<\/blockquote>\n\n\n\n

The potential of relational blockchain technology to generate substantial effects in both the public and private sectors is emphasized by the EU's generally favorable evaluation of ChromaWay's contributions.<\/p>\n\n\n\n

Additionally, it is consistent with the organization's overarching objective to incorporate cutting-edge blockchain solutions into various industries, thereby enhancing efficiency and sustainability.<\/p>\n\n\n\n

The EU has been vocal about its dedication to promoting technological advancements that can promote economic and environmental benefits throughout Europe.<\/p>\n\n\n\n

Representatives from RBN Eco and ChromaWay will participate in an interview with the European Blockchain Association in July 2024 to evaluate their alignment with forthcoming EU initiatives.<\/p>\n\n\n\n

Furthermore, the team will attend a follow-up workshop in Brussels this September to delineate the subsequent steps for Q4 2024 and into 2025.<\/p>\n\n\n\n

In June 2024, the European Commission selected Iota as the blockchain solution for its Web3 ID\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> for blockchain prototype, and the EU has also collaborated with other blockchain solutions.<\/p>\n","protected":false},"excerpt":{"rendered":"

The EU continues its partnership with ChromaWay to develop blockchain-based sustainability solutions, focusing on Digital Product Passports and IP rights. The European Union has reaffirmed its commitment to collaborating with ChromaWay to create blockchain-based sustainability solutions. This decision was made on July 12 in response to ChromaWay’s presentation at the EU Pre-Commercial Procurement (PCP) final […]<\/p>\n","protected":false},"author":36,"featured_media":83968,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[202,1332,20460],"class_list":["post-83965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blockchain","tag-eu","tag-sustainable-solutions"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/07\/6R24S7OAUFCV5AOJ6KMI4LLGDA.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/83965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=83965"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/83965\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/83968"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=83965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=83965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=83965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}