On Tuesday, United Nations Office for Project Services (UNOPS) signed a Memorandum of Understanding (MoU) with IOTA in New York and Berlin.
The two organizations joined hands to explore how IOTA’s technology, which provides a blockchain for data management, could be harnessed to increase efficiency of UNOPS.
Commenting on the matter, Yoshiyuki Yamamoto, UNOPS Special Advisor on Blockchain Technology said, “We share a vision where machines, devices, sensors and people connect and communicate to each other – it’s the world of ‘Industry 4.0.’ Harnessing technology that allows for these processes to work simultaneously, without the need for intermediaries, will help expedite our mission as an organization.”
The co-operation between both the organizations will include training workshops, thought leadership seminars, and the development of specific proof-of-concepts to introduce efficiency in specific projects.
Welcoming the co-operation, IOTA co-founder David Sønstebø said, “Shared global problems require shared global solutions. With our open-source, permission-less innovation approach, IOTA’s distributed ledger technology lends itself uniquely to this kind of cooperative problem-solving.”
This emerging news about IOTA is the probably the one good thing after a couple of bad months. Last time, IOTA was in the news was when it was hacked and $4 million was stolen from its servers. Shortly after the hack, the organization had a war of words with Boston University, when the latter pointed out a flaw and the former refused to acknowledge it or work on it.
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