IOTA partners to launch the Tangle EE Working Group to boost IOT commercial adoption

  • The Tangle EE Working Group will be developing solutions for unified identity and “industry-agnostic” decentralized marketplaces.
  • The group consists of 16 partner firms, including the IBM-backed Eclipse Foundation and Dell Technologies.

In a recent blogpost, the IOTA Foundation announced its partnership with the IBM-backed Eclipse Foundation, Dell Technologies and 14 other partners to launch the Tangle EE Working Group. The group aims to promote greater IOTA adoption.

The blog post reads:

Tangle EE unites a diverse group of leading companies, academics, and standards bodies in developing data, payment and identity solutions and tooling on IOTA’s Tangle… With the launch of Tangle EE, and its vendor-neutral open framework, we distribute governance in key IOTA use case areas. Organizations can steer the direction of IOTA’s development and build their own products, services and intellectual property on IOTA without any risk of license infringement later on.

IOTA Foundation says that it partnered with Eclipse Foundation because of its involvement in enterprise-grade open source solutions. IOTA hopes that all of its partners will be able to leverage their expertise to achieve the aim of the Tangle EE Working Group.

The blog post also said that the group will start working on developing solutions for unified identity and decentralized marketplaces soon. The aim is to use IOTA technology to create efficient onramps for businesses to build high-level agreements. For decentralized markets, the group is focusing on developing “industry-agnostic” platforms. 

IOT/USD dropped from $0.3335 to $0.3212 this Thursday. It has dropped further to $0.3175 in the early hours of Friday.

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