IOTA Foundation, the creators of IOTA, is a non-profit foundation that supports the development and standardization of new distributed ledger technologies (DLT). To share insights into the latest developments in IOTA research, the foundation held its first-ever research symposium.
The symposium featured renowned professors and researchers in the field of DLT. The program was organized to give a deep dive into the many exciting features of IOTA 2.0.
The IOTA Foundation has also announced that it will be joining the Gaia-X community, a project initiated by Europe for Europe and beyond. The community is designed to develop a common, secure, open, and sovereign use of data in Europe and beyond.
Reiterating how good IOTA’s Tangle network is, SUSEE (Secure Sensor Platforms for Smart Energy Networks) has chosen Tangle as the core technology to be used for building its large scale sensor networks.
The announcement was made at the applied non-nuclear research funding in the 7th Energy Research Program called ‘Innovations For The Energy Transition’. The IOTA Foundation announced that it would be working with
“the energy distribution network operator SWO Netz, the two research institutes Fraunhofer FIT/IPT, the university TU Chemnitz, and the SMEs peerOS, mCloud Systems, and TIP, to develop a scalable solution for reliable and secure data transmission and processing in sensor networks.”
The collaboration will see IOTA’s Tangle used as a solution for energy suppliers as they look to transition from non-renewable energy into a reliable, climate-friendly energy supply at affordable prices.
The DailyCoin Team found the IOTA community to be delighted with the announcement. A follower of the IOTA project, Anczyk Jakub, reacted to the news, stating,
“another solid news about the long-term project with forward-thinking institutions. My imagination is literally sparkling when I think about IOTA in the next few years.”
Replying to the news, Linus Naumann wrote;
“Damn again, just insane acknowledgement by governments and academia. #IOTA”