By George Ward
The International Association for Trusted Blockchain Applications (INATBA) has released a new report that indicates a significant shift in blockchain projects within the European Union. According to the report, these projects are no longer exciting ideas but are used across different industries and public sectors.
Key Blockchain Projects
The report drew attention to several key initiatives in the EU that use blockchain technology. One of the most notable is the European Blockchain Services Infrastructure (EBSI), which provides a secure and efficient digital infrastructure for public services.
Another important project is the EU Blockchain Observatory and Forum (EUBOF), which helps monitor blockchain developments and promotes innovation in this area. These initiatives are crucial for Europe’s digital transformation, making public services more efficient and transparent.
For example, blockchain is being used to enhance the transparency and efficiency of supply chain management. Thus, products can be tracked more accurately from production to delivery, ensuring better quality control and accountability.
A New Collaboration
Moreover, the EU announced a partnership with ChromaWay, a company known for its blockchain expertise, to develop blockchain-based solutions for Digital Product Passports (DPPs). These DPPs will provide detailed information about products, including their origin and sustainability, to help consumers make more informed choices.
The INATBA report predicts that blockchain will improve security, automation, governance, and overall efficiency within the next decade. Also, the report emphasized that public institutions and private companies must invest significantly in blockchain technology.
Despite the promising outlook, the report highlighted several challenges. One of such challenges is organizing and managing industrial processes and resources that use blockchain and AI. A solution is careful planning and coordination to ensure the effective use of these technologies.
BVM Studio Launches No-Code Blockchain Tool
Meanwhile, BVM Studio has introduced a no-code solution to simplify blockchain deployment, making it accessible to a broader audience. With this tool, users can create and deploy blockchains without any coding or technical knowledge.
Traditionally, blockchain deployment requires significant technical knowledge, including coding skills, computational setup, and a deep understanding of security measures. This complexity has limited blockchain adoption to those with specialized skills and resources.
However, BVM Studio’s new tool changes this paradigm with its user-friendly interface. The tool features a visual programming editor, allowing users to build blockchains by dragging and dropping blocks, similar to assembling a Lego structure.
Capabilities and Customization
One of the standout features of BVM Studio is its ability to deploy zero-knowledge (ZK) rollup blockchains. These blockchains do not require extensive computational resources, storage, or hardware nodes. Despite its simplicity, the tool offers a range of customization options.
Users can tailor various aspects of their blockchain, including the hardware specifications, base layer, compute power, data availability, withdrawal times, block gas limit, and even pre-installed decentralized applications (DApps).
This level of customization ensures that users can create blockchains that meet their specific needs without compromising on performance or functionality. Security is a critical concern in blockchain technology, and BVM Studio addresses this by incorporating ZK-rollup technology.
The tool allows users to deploy both layer-2 and layer-3 blockchains on either Bitcoin or Ethereum networks. This flexibility allows for various use cases, from simple blockchain experiments to more complex applications requiring higher levels of security and scalability.