Under the name European Blockchain Services Infrastructure (EBSI), the EU member states aim to create an infrastructure that securely documents digital identities, tax data or certificates and makes them available across national borders. The IOTA Foundation prevailed among over 30 applicants in a first selection round to be one of the 7 projects with which EBSI could be put into practice.
With its Tanglenet, IOTA is able to take on tasks at EBSI, as the structure of the Tanglenet allows for free queries and actions that occur when stamping a document, for example. IOTA already has experience with pilot projects for digital identities that comply with the EU regulations on data security and digital self-determination.
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