Home News Blockchain IOTA Signs MoU With United Nations’ Arm To Increase Efficiency Through Blockchain

IOTA Signs MoU With United Nations’ Arm To Increase Efficiency Through Blockchain

May 25, 2018 13:20
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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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