IOTA announces a new partnership with FIRWARE Foundation to construct digital economy blockchain solutions
|- The IOTA Foundation enters into a working partnership with FIWARE Foundation.
- Both companies will be collaborating to develop the building blocks for the smart solutions of the future.
The IOTA Foundation has announced a new partnership with FIWARE Foundation. The partnership will see IOTA’s Tangle leveraged as an immutable, verifiable, and trusted record of data to find relevant context data transactions in “Powered by FIWARE” architectures.
As per the press release, IOTA has joined forces with open-source project FIWARE to develop the building blocks for the smart solutions of the future. Sources close to the matter detailed that the newly forged partnership will be bridging the gap between data flows from the device to an immutable repository of data.
The CTO of FIWARE, Juanjo Hierro commented:
We can verify context data shared with third parties, and we can warrant the quality of data being stored in a distributed ledger. This is crucial in applications like those warranting the quality in food production, for example, the observation of certain parameters of animal welfare on farms, or when public administrations strive to ensure transparency of their processes.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.