The EU has chosen London-based startup iov42 to help design and develop European blockchain solutions.

iov42 utlises AI and blockchain to accelerate financial and non-financial transactions. The company staved off competition from more established firms, such as Deloitte, EY and Vodafone, in order to win one of seven contracts handed out by the European Commision, the EU’s is the EU's politically independent executive arm. Collectively, the deals are worth €6.2m...