The European Blockchain Sandbox has announced the selection of use cases for its second cohort of sandbox dialogues following a highly competitive selection process. The 2024 application period drew significant interest from the blockchain community, with nearly 60 applications submitted from various sectors across the EU/EEA by the March 25 deadline.
Rigorous Selection Process
The use cases underwent a meticulous selection process, managed by blockchain experts from Warren Brandeis and overseen by a panel of independent academics. The panel included Professor Roman Beck from IT-University, Copenhagen, Professor Soulla Louca from the University of Nicosia, Cyprus, and Professor Walter Blocher from the University of Kassel. They applied the official Selection Criteria, which are available on the European Blockchain Sandbox website.
The high quality and diversity of innovations within the blockchain space across the EU/EEA have been particularly encouraging, and the European Blockchain Sandbox team expressed gratitude to all applicants for their interest and participation.
Selected Use Cases
One use case of the European Blockchain Services Infrastructure has been approved for participation by the European Blockchain Partnership (EBP) in the lot designated for public entities. Additionally, 19 other use cases were selected according to the carefully curated selection process. These use cases represent a broad spectrum of industry sectors and regulatory topics and span all regions of the EU/EEA. The selected projects and their consortium partners, where applicable, include:
- Brickken PFP, S.L.
- Circularise B.V.
- DigiShares A/S
- Doxychain
- EastNets Europe S.A.
- HACKEN OÜ
- Infineon Technologies AG
- IOTA Stiftung (along with IDnow GmbH, walt.id GmbH, Bloom Labs Limited, Spyce5 GMBH)
- IoT Nederland BV
- Konnecta Systems IKE
- Kunveno Teknologos
- NYALA Digital Asset AG
- OriginTrail
- PlanDail Ltd, operating as Trrue Ltd
- REClosure
- ReLOG3P SRL (in partnership with Morpheus.Network)
- Soverio (along with Cheqd, Danube Tech, and Netis)
- Stichting 2Tokens (in partnership with CMS Derks Star Busmann, OnYourMarks, Celebratix, Metaseum, AMDAX, and Custodiex)
- VERAG Spedition AG (in partnership with Atez Yazılım Teknolojileri A.Ş)
- EBSI-Vector (focused on Business Registries)
Encouraging Innovation in Blockchain
The European Blockchain Sandbox continues to witness an impressive array of innovations within the blockchain sector. The selected use cases underscore the versatility and potential of blockchain technology to address a wide range of industry and regulatory challenges. This initiative aims to foster greater innovation, collaboration, and regulatory insight within the blockchain ecosystem across Europe.
Future Prospects
As these projects progress within the European Blockchain Sandbox, they will contribute to a deeper understanding of how blockchain technology can be harnessed to meet various industry needs while complying with regulatory standards. The collaboration between public entities, private companies, and academic institutions is expected to yield valuable insights and advancements in the blockchain space.
The European Blockchain Sandbox team remains committed to supporting these innovative projects and looks forward to the outcomes and learnings from the second cohort. This initiative is poised to play a crucial role in shaping the future of blockchain technology in Europe, fostering a regulatory environment that promotes both innovation and compliance.