ChromaWay and the European Union will keep working together to create blockchain-based sustainability solutions, the company revealed. The statement came after a presentation at the final review meeting of the EU PCP, which was organized in conjunction with the European Blockchain Services Infrastructure (EBSI) project of the EU.
With a focus on the creation of decentralized apps for Digital Product Passports and Intellectual Property Rights, evaluators in Brussels lauded the outcomes achieved by ChromaWay via its institutional brand RBN Eco.
Relational blockchain is the technology behind these solutions; it is an architecture that boosts on-chain data organization and complexity in order to maximize efficiency. Chromia is a public Layer-1 platform that recently announced the launch of its mainnet on July 16th. and also shares this underlying architecture.
The program’s success for ChromaWay validates relational blockchain’s ability to provide significant applications in the public and private domains.
The effort is moving on to the commercialization stage after the successful showcase, and ChromaWay has started discussions with companies in the textile and battery sectors The forthcoming Ecodesign regulations, scheduled to take effect in 2027, have been identified as a driving force for businesses’ explorations into using Web3 technology to enhance interaction with clients and encourage involvement in the circular economy.
The European Blockchain Association will interview representatives from RBN Eco and ChromaWay in July 2024 to make sure they are compatible with future projects. To address the next steps for Q4 2024 and 2025, the team will also attend a follow-up workshop in Brussels in September.
