The European Blockchain Regulatory Sandbox has announced the selection of 20 innovative blockchain projects for its second cohort. This initiative, launched by the European Commission in 2023, aims to provide regulatory guidance and legal certainty to pioneering blockchain use cases across various sectors. From tokenization of assets to enhancing digital identity verification and improving logistics and supply chain management, these projects showcase the transformative potential of blockchain technology. This year’s selection underscores the EU’s commitment to fostering blockchain innovation and creating a supportive regulatory environment.

Current Status

The sandbox is in its second cohort phase, having selected 20 projects from nearly 60 applications. This selection process involved blockchain experts and an independent academic panel, ensuring a diverse representation of industry sectors and regulatory topics.

Use Cases in the Second Cohort

Tokenization
  1. Brickken PFP, S.L.: Tokenizes real-world assets to enable fractional ownership.
  2. DigiShares A/S: Provides a platform for tokenizing real estate assets.
  3. HACKEN OÜ: Uses tokenization for equity management and offers utility tokens.
  4. NYALA Digital Asset AG: Engages in digital asset tokenization.
  5. Stichting 2Tokens: Tokenizes various assets through collaboration with multiple partners.
Digital Assets
  1. Circularise B.V.: Develops solutions for traceability and transparency in supply chains using blockchain.
  2. Doxychain: Creates a blockchain infrastructure for managing digital credentials and electronic signatures.
  3. EastNets Europe S.A.: Uses blockchain for real-time updates and compliance in financial services.
  4. OriginTrail: Focuses on data integrity and interoperability in supply chains.
Public Services and Identity Verification
  1. IOTA Stiftung: Provides blockchain solutions for digital identity verification.
  2. PlanDail Ltd (Trrue Ltd): Works on public sector projects using blockchain.
  3. Soverio (Cheqd, Danube Tech, Netis): Focuses on digital identity and data verification services.
IoT and Communication Systems
  1. Infineon Technologies AG: Provides blockchain-based oracle services for IoT data.
  2. IoT Nederland BV: Offers purpose-bound money solutions for subsidies and grants.
  3. Konnecta Systems IKE: Develops blockchain-based electronic voting systems using decentralized identities and zero-knowledge proofs to ensure security and privacy.
Logistics and Transportation
  1. VERAG Spedition AG (Atez Yazılım Teknolojileri A.Ş): Uses blockchain for transportation and logistics.
  2. ReLOG3P SRL (Morpheus.Network): Implements blockchain in logistics and supply chain management.
Decentralized Organizations and Voting
  1. Kunveno Teknologos: Works on various blockchain technology applications.
  2. EBSI-Vector: Focuses on business registries using blockchain for secure and efficient management.
  3. REClosure: Uses blockchain for renewable energy solutions.

Impact on European Citizens

These projects promise to enhance daily life by streamlining investments, securing digital identities, and improving supply chain efficiency. From simplifying property purchases with tokenized assets to ensuring real-time verification of credentials and securing transparent voting processes, blockchain technology is set to revolutionize various aspects of life in Europe. By promoting innovation and compliance, the European Blockchain Regulatory Sandbox is paving the way for a more efficient, transparent, and trustworthy digital future.