The post EU regulation for blockchain: sustainability and more appeared on BitcoinEthereumNews.com.

The European Union (EU), as part of its regulation, has approved the relational blockchain initiative to develop sustainable solutions in collaboration with ChromaWay.  This partnership aims to create digital passports for products and to strengthen intellectual property rights, marking an important step towards innovation and sustainability in the European economy. Let’s see all the details below.  New EU regulation for blockchain: focus on intellectual property rights and sustainable innovation As anticipated, the European Union has confirmed the continuation of its collaboration with ChromaWay to develop sustainability solutions based on blockchain. This decision, announced on July 12, follows the presentation of ChromaWay at the final review meeting of the EU Pre-Commercial Procurement (PCP). During this meeting, ChromaWay demonstrated the progress in decentralized applications for digital product passports (DPP) and intellectual property rights (IP). During the review in Brussels, ChromaWay presented its relational blockchain technology, which combines the flexibility of relational databases with the security of decentralized blockchain.  This technology promises to improve efficiency and manage the complexity of onchain data. Making it ideal for business solutions and for the public layer-1 platform Chromia, which will launch its mainnet on July 16. Or Perelman, co-founder of Chromia, expressed enthusiasm for the collaboration with the EU, stating the following:  “By promoting collaboration between governments, regulatory authorities, institutions, and blockchain innovators, we can unlock the full potential of Web3 technology and drive its widespread adoption.” A commitment to sustainability and efficiency The positive evaluation of the EU on ChromaWay’s contributions highlights the potential of relational blockchain technology in creating significant impacts both in the public and private sectors.  This collaboration is part of the EU’s strategy to integrate innovative blockchain solutions to promote sustainability and efficiency. The EU remains committed to supporting technological advancements that bring economic and environmental benefits across Europe. In July…

---

Filed under: News - @ July 13, 2024 1:02 am