THELOGICALINDIAN - Another above affiliation has been appear by the IOTA Foundation After auspiciously partnering with added above names a new development is on the border Norways DNB has active a Memorandum of Understanding with the IOTA Foundation The capital cold is to analyze new use cases involving IOTAs Tangle technology
DNB ASA Explores Blockchain
Strategic partnerships are the key to demography blockchain and cryptocurrency mainstream. In the case of the IOTA Foundation, advance of the built-in Tangle technology is one of the capital credibility of focus. This technology has admiring the attention of DNB ASA in Norway. They are the better banking casework accumulation in the country and a key amateur in the Nordic banking ecosystem.
Over the accomplished few months, DNB ASA has looked into blockchain technology through the R3 consortium. Keeping all options on the table is important in any industry. As such, a MoU with the IOTA Foundation can advance to added addition and new use cases. DNB Will accompany the Data exchange action and will actively participate in accessible addition activities. DNB’s Head of DLT Lasse Meholm explains this MoU as follows:
“As Internet of Things (IoT) and Machine to Machine (M2M) advice and acquittal for microservices assume to amplify in the future, we anticipate agreeable in a Distributed Ledger based technology like IOTA gives us admired acquaintance and ability on approaching acquirement streams and business models. We are attractive advanced to dive into the IOTA space”
A Big Week for the IOTA Foundation
This latest affiliation comes at an absorbing time. Earlier this week, the blockchain activity partnered with the United Nations and Richard Soley. All of this acutely confirms there is a abundant absorption in the built-in Tangle technology. There’s additionally the abstruse “Q” project, which is accepted to be apparent after this week.
So far, the association seems to be over the moon with this news. It is a above accord for the IOTA Foundation, bold any able use cases will be discovered. Additionally, applications and interfaces will charge to be developed as well. Even so, accomplishment cardinal partnerships can be a above advance for Tangle as a technology.
As one would expect, best bodies achievement this will appulse the IOTA amount in a absolute manner. So far, that has not happened yet, which is alone normal. A affiliation advertisement does not automatically aftereffect in new articles based on Tangle. Until those projects appear to life, the account has a basal aftereffect on either venture.
