IOTA
$0.20682 5.06%

In the last couple of years, the IOTA Foundation started to proactively participate in…

In the last couple of years, the IOTA Foundation started to proactively participate in collaborative research and development efforts, funded by the EU commission. The main purpose has been twofold, to enable other parties to leverage the power of IOTA protocol in solving new problems and to identify and work on new requirements that would increase the long-term technology maturity and adoption.

The trust of the IOTA Foundation as partners in such initiatives has grown since then. We are now glad to see that, following the +CityXchange project and other Climate KIK initiatives, IOTA technology is increasingly being used for public good as a secure and open infrastructure that provides digital trust.

As confirmation of this, early this year, after a competitive selection process, IOTA was awarded as one of the recipients of the Dig_it grant, a new collaborative project funded under the EU Horizon 2020 programme. The Dig_it project is a Research and Innovation Action (RIA) that brings together a consortium of 16 partners spread across Europe. Over a period of 48 months, the Dig_it consortium will leverage 7 Million EUR of funding to digitize the mine supply chain (gold, copper, charcoal) and to create a more sustainable mining industry.

The project officially kicked off on May 5th. Because of the travel restrictions and social distancing measures currently in place in Europe, this was a virtual kick-off meeting. The meeting was attended by all partners. The project is coordinated by ITAINNOVA, a research and development organization based in Spain and includes a number of technology partners and exploitation/adoption partners, directly involved in the mining industry.

The appointed technology partners are: Brunel University, Core Innovation, Tau, Rotech technology, LIBRA AI, ICCS Research, EUROCORE, STRATAGEM, Libra, SINTEF Molab, SINTEF Helg. & Schneider Electric. IOTA is the only DLT provider.

This makes IOTA the only techn...

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