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IOTA Now Part Of European Blockchain Pre-Commercial Procurement's Five Contractors

Twitter icon  •  Published 2 years ago  •  Hassan Maishera

IOTA is one of the five contractors awarded the second phase of the European Blockchain Pre-Commercial Procurement.

The IOTA team announced earlier today that it is one of the five contractors selected for phase 2A of the European Blockchain Pre-Commercial Procurement to develop future capacities for the European Blockchain Services Infrastructure.

The European Commission is looking for novel blockchain solutions for the European Blockchain Services Infrastructure. Seven contractors completed the first solution design phase and the commission awarded the second phase to five contractors. The European Commision said the phase 2A prototype development and lab testing is now ongoing.

MIOTA, the native coin of the IOTA network, is trading at $1.28 at press time, up by more than 15% in the last 24 hours. 

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.