ChromaWay has announced its ongoing partnership with the European Union in the advancement of blockchain-powered sustainability solutions. The collaboration was showcased during the EU PCP final review meeting, in conjunction with the European Blockchain Services Infrastructure (EBSI) project of the European Union.
The outcomes, presented under its institutional brand RBN Eco, demonstrated the progress made in creating decentralized applications for Digital Product Passports and Intellectual Property Rights.
The solutions are powered by relational blockchain technology, which enhances efficiency by enhancing the organization and complexity of on-chain data. The success of ChromaWay in the program confirms the promise of relational blockchain for meaningful applications in both private and public sectors.
ChromaWay is currently progressing towards the commercialization phase of the venture and is engaging in conversations with clients in the battery and textile industries.
The forthcoming Ecodesign regulation in 2027 is regarded as a driving force for enterprises to investigate the incorporation of Web3 technology in order to update customer interactions and encourage engagement in the circular economy.
