The German crypto project Iota joins the blockchain and IoT research laboratory at the Vienna University of Technology.
The Iota Foundation, the nonprofit organization behind the German crypto project Iota , the Iota Tangle and Miota, today announced that it will join the latest Christian Doppler Laboratory in Austria
The laboratory, which is located at the Technical University of Vienna, is called CDL Blockchain Technologies for the Internet of Things (CDL-BOT) and is the first such laboratory to focus on the combination of blockchain technology and the Internet of Things (IoT ) specialized.
The laboratory was opened on November 26th by Margarethe Schramböck, Austria’s Federal Minister for Digitization and Economy. The focus will be on the research and development of partnerships between private companies and public-sector companies that want to use Distributed Ledger Technology (DLT) in practical areas of application.
In addition to Iota, the company Bitcoin Union will also join the CDL-BOT, which calls itself „the first multi-blockchain token system“. Pantos is in turn a subsidiary of BitPanda, a Vienna-based trading platform for crypto currencies and digital assets.
Professor Stefan Schulte, who is responsible for the management of the new laboratory, explains in this context:
“With the increasing number of application areas for DLT-based payments and data exchange in the Internet of Things, new DLTs have to be integrated again and again, which is why interoperability between the DLTs is becoming increasingly important. I am pleased to be able to research together with the IOTA Foundation and Pantos in order to find new solutions for this immensely important subject area. “
The German crypto project Iota, which was originally founded in 2014 under the name Jinn, has set itself the goal of becoming the standard for connecting DLT and IoT. An area that is growing steadily and still has great growth potential. By using the Iota standard, IoT devices can automatically transfer data and payments to other devices that are also located in the Iota network.
On November 24th, Iota carried out an update for its own standard, which is supposed to improve the interoperability between devices and systems that use Iota-based software. In October, the Iota Foundation announced that it would be working with the Japanese government on a project to transform the country’s industrial infrastructure using Iota.