IOTA Partnership with Austrian Federal Ministry for the Promotion of DLT & IoT
IOTA, in cooperation with Pantos and the Austrian Federal Ministry, aims to promote block chain and DLT interoperability under the roof of a new research laboratory.
With this, IOTA signals that IoT is still one of its priorities, while its full protocol update is getting closer.
IOTA supports block chain and IoT development
In a press release published on 26 November 2020, the Bitpanda-supported Pantos project and IOTA, in collaboration with the Austrian Federal Ministry for Digital and Economic Affairs by Profit Secret, unveiled the new Christian Doppler Laboratory for Blockchain Technologies for the Internet of Things (CDL-BOT).
The new Christian Doppler Laboratory was officially opened in Vienna on Thursday, 26 November with Prof. Stefan Schulte as its director. Schulte himself is from the Institute for Information Systems Engineering at the TU Vienna.
The new laboratory will reportedly focus on research activities at the interface of block chain and IoT technology. Researchers at the facility will look for ways to achieve robust and efficient interoperability between distributed ledger technology (DLT) protocols and IoT applications.
IoT remains a focus as full protocol update approaches
Both block chain and IoT technologies are considered to be some of the more important new technologies. They are expected to drive the realisation of the fourth industrial revolution. As part of several innovative endeavours, scientists are trying to transform the world into a fully realised digital space using protocols such as Big Data and machine learning.
According to IOTA’s blog post, Dominik Schiener, co-founder and co-chair of the board of the IOTA Foundation, commented on the latest development. One part of Schiener’s statement reads
Together with the world’s leading academic institution TU Vienna and Pantos as a leading technology provider, we will focus on the interoperable transfer of digital assets and the trustworthy Internet of Things while expanding our presence especially in Austria.
IoT remains a key focus for IOTA, even as the project moves towards its upcoming full protocol update. In October, the DLT project announced the final alpha version of the IOTA streams, which will be developed to facilitate seamless data transmission for the IoT ecosystem.
The IOTA Foundation continues to develop the foundations for its transition from Coordinator to Coordicide. This step is intended to fully decentralise the network. According to an update in November, IOTA announced that its chrysalis phase 2 is making steady progress. An earlier update in November highlighted progress reports in areas such as the implementation of the pollen test network.
Apart from IOTA 2.0, IOTA has also been implemented in several sectors and countries. For example, in October, IOTA’s Tangle technology was adopted by three researchers from Taiwan’s National Kaohsiung University to develop an improved version of BitTorrent.