An announcement has been made by IOTA Foundation regarding the Smart City Hackathon Contest which is sponsored by French global automobile manufacturer Groupe Renault. During the contest, participants will be competing to use new technologies to provide a solution for inter-city problems submitted by corporate partners and utilizing the distributed ledger technology (DLT).
The Denmark based electricity and natural gas transmission system operator, Energinet has entered into a partnership with IOTA Foundation to test distributed ledger technology (DLT) in the Internet of Things (IoT) and energy market domains. They will be creating new products and services in the green energy system centered on using IoT devices with IOTA blockchain in back.
IOTA (Internet of Things Application and works) Foundation has partnered with Audi’s think tank, Audi Denkwerkstatt to effectively optimize the use of IOT in near future. IOTA’s native token MIOTA is reaching new heights with a sky rocketing market capitalisation. It ranks at 12th position which proves that technological capabilities and strong partnership.
The IOTA Foundation has collaborated with Ledger aimed at the integration of IOTA tokens to the Ledger hardware wallet. The co-founder and CEO at Ledger, Eric Larcheveque stated, “Providing the highest level of security and quality is a major focus at both Ledger and IOTA. We are thrilled to welcome IOTA onto the Ledger platform.”
The TWO, a waste management startup, has revealed the integration of IOTA Tangle. The platform would bring the decentralized waste collection to the blockchain. The platform would adopt NFC technology. The Project Leader, Hamoun Karami stated, “We have successfully connected to the Tangle… with our sensors, we are able to tell when a bin has been changed.”
The eToro trading network had added IOTA to its platform. The other digital assets supported by the platform include Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, EOS, ADA, and NEO. The cryptocurrency is to be added to its Crypto CopyFund. The co-founder and CEO of eToro stated, “IOTA aims to be the ‘ledger of everything.’
Sirin Labs planned to integrate Ethereum blockchain to its phone called ‘Finney.’ The company has chosen Ethereum blockchain over the IOTA’s distributed ledger technology as disclosed in the whitepaper. The chief marketing officer stated, “At launch, we are going to use the Ethereum blockchain. The Finney Phone will work through complete nodes that are hosted on Sirin Labs.”
Bitpanda declared to add IOTA. It is reported that the customers would be able to trade IOTA from the 14th of June through Bitpanda platform. USD/IOT trading pair is presently exchanging hands at $1.72. The listing of IOTA is considered on an appeal made by the public. Crypto Daily reported the IOTA price is still locked in the contracting triangle pattern.
Binance exchange has affirmed new trading pairs added to its exchange platform. They include Ripple and Binance Coin, TrueUSD and Tether, Stellar and Tether and lastly IOTA and USDT. The Binance users would be able to exchange the former coin with that of the later. It is reported that the value of Binance Coin surged by 8.27% post the declaration of new trading pairs.
The United Nations Office for Project Services (UNOPS) has entered into a Memorandum of Understanding (MoU) with the IOTA blockchain network. The association is aimed at embracing IOTA’s blockchain service for increasing the efficiency level in managing and tracking UN documents, supply chains and transactional payments in real-time. Seminars, workshops, and other development programs are to be held.