NFT News by Thebittimes.Com

According to the European Commission, 20 projects have been selected in the first cohort to receive legal advice and regulatory guidance. The first batch of blockchain use cases to debut in Europe's regulatory sandbox was formally introduced on July 3, following a long wait and nearly 90 applications received in April. First disclosed in 2020, the initiative aims to bridge the regulatory gap between European nations and crypto companies. According to the European Commission, 20 projects have been selected in the first cohort, with companies in finance and capital markets, telecoms and IT, global trade, transportation, and cross-sectoral projects leading the group. The projects are spread across five European regions, including Western Europe with 14 use cases , Southern Europe with 10 projects, Nordics and Central Europe both with eight projects each, and Eastern Europe with seven projects. Blockchain projects selected for the first cohort of the EU regulatory sandbox. Source...

Blockchains are decentralized, transparent, and increase the capacity of a whole network, while giving users full control of their data. Blockchain use cases have expanded far beyond cryptocurrency in the past years, with multiple industries embracing the technology in a wide range of fields, including healthcare, logistics, and financial services.  The hype has many reasons behind it. Blockchains are decentralized, transparent, and increase the capacity of a whole network, opening a window for solutions that require significant computational power. More importantly, it gives users the capacity to control their assets, including their data, without relying on third parties. As blockchain evolves, companies across the world are working to find the best ways to implement the technology on a range of applications. Cointelegraph reached out to projects that are disrupting industries and bringing blockchain closer to people's daily lives to get some further insights. Healthcare on the...