ChromaWay AB one of seven blockchain companies selected for the European Blockchain Services Infrastructure (EBSI) initiative.
The European Blockchain Partnership (EBP) is a cooperation between the European Commission, all EU member states and additional member states from the European Economic Area to deliver the European Blockchain Services Infrastructure (EBSI). The EBSI aims to deliver EU-wide public services utilizing blockchain technology.
The seven candidates were narrowed down from a field of 30+ applicants. Companies were selected based on their ability to provide scalability, throughput, interoperability, security, energy efficiency, and robustness. ChromaWay AB’s relational blockchain technologies make it a strong contender, due to it’s dynamically scaling design, dual focus on both Layer-1 and Layer-2 solutions, and greatly enhanced data handling capabilities compared to traditional blockchains.
All seven candidates will participate in a multiphase selection process, with the field of being gradually narrowed down over the course of several months. The official press release regarding this initiative, including a full timeline and list of candidates, can be viewed on the official European Commision website.