THELOGICALINDIAN - Famed DAG activity IOTA has active a accord with Den Norske Coffer DNB to analyze abeyant use cases for the companys Tangle technology Wilfried Pimenta IOTA Foundations Business Development Head appear the affiliation in a column on the companys blog DNB is the better coffer in Norway and ranks as one of the best arresting banking institutions in the Nordic arena
DNB is no drifter to the apple of decentralized balance technology. Before partnering with IOTA, the coffer ahead affianced in abundant collaborative efforts with a bulk of blockchain-based firms including R3, Hyperledger, EOS, and Ethereum. Speaking on the MoU (memorandum of understanding) with IOTA, Lasse Meholm, the Head of the DLT analysis at the bank, said:
IOTA and DNB aim to assignment carefully together, developing advantageous solutions based on Tangle technology implementations. As allotment of the MoU, both ally will assignment in bike with important stakeholders in their corresponding ecosystems. The affiliation has three analytical focus areas: the conception of new business models, abstracts aloofness administration systems, and collaborative cross-silo hackathons. Commenting on the MoU with DNB, the IOTA foundation founder, David Sønstebø stated:
IOTA focuses on decentralized implementations tailored appear the accomplishment of the Internet of Things via its Tangle technology.
This IOTA – DNB affiliation comes durably on the heels of IOTA’s partnership with the United Nations on May 22. The collective adventure amid IOTA and the UN is accepted to advance the latter’s ability and transparency. The focus areas of the accord are on the able administration and tracking of accumulation alternation activities and UN documents. In backward 2017, the Bosch accumulation additionally invested in IOTA.
Do you anticipate these contempo IOTA collaborations will advance to boilerplate appliance of the Tangle DLT? Keep the chat activity in the animadversion area below.
Images address of IOTA, iStockPhoto
