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EU blockchain moves under new consortium
The European Blockchain Services Infrastructure (EBSI), which the European Commission describes as Europe’s first blockchain infrastructure for public services, is moving to another direction.
The ESBI will now be governed by Europeum, a European Digital Infrastructure Consortium (EDIC), which is the official name for legal frameworks that help EU countries implement multinational projects.
Designed to support cross-border cooperation between public administrations, businesses and citizens, ESBI is currently in its pilot phase. Some of its projects include supporting the EU Digital Identity (EUDI) portfolio in cross-border use cases and its implementation in national digital identities.
“Europeum will build on the existing EBSI ecosystem which has made innovative use of Blockchain together with verifiable credentials – a new Web3 technology developed by EBSI that enables secure sharing and verification of credentials – and wallets, to make information easy to verify and almost impossible to fake,” says the consortium in a statement.
Europeum’s goal is to deepen collaboration on blockchain and Web 3 technologies, including the EU Digital Identity Regulation (EUDI) which has been officially adopted in May. The new legal entity based in Belgium was officially created last week and will be under the control of EU member states.
Article topics
blockchain | Europe | European Blockchain Services Infrastructure (EBSI) | Europeum
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