IOTA (MIOTA) Climbs Almost 4% As It Supports The EU Blockchain Initiative – Own Snap

The chart price of IOTA (MIOTA) shows a slight increase in value by 3.9%. Currently the crypto holds a trading volume $254,088,256 and market capitalization $4,515,061,000. The European Commission’s Blockchain Initiative has selected the IOTA (MIOTA) as one of seven projects to participate in the preliminary stage of the development of a distributed registry technology platform across the EU. The initiative aims to increase the efficiency and accountability of the European Blockchain Services Infrastructure (EBSI), a network of nodes designed to promote the efficiency of EU-focused transactions, as well as expand the region’s supply chain by introducing new technologies while reducing the European carbon footprint. The IOTA (MIOTA) – a non-profit organization supporting Tangle, an open-source DLT platform, will support EBSI in cross-border relationships between governments, businesses and citizens for ” digital management of educational credentials, creating reliable digital audit trails and document tracking, SME financing, data exchange between authorities and digital identification.”