IOTA teams up with Austrian uni for Internet of Things and blockchain research lab

The IOTA Foundation, the non-profit organization behind IOTA, IOTA Tangle and MIOTA, announced they will be joining Austria’s newest Christian Doppler Laboratory, or CDL, as an industrial partner. IOTA is joining CDL-BOT along with its new research partner, Pantos, which bills itself as “the first multi-blockchain token system.”.

Prof. Stefan Schulte, who is leading the newly established lab, remarked: Launched as Jinn in 2014, IOTA’s goal is to implement their platform as the de facto standard for DLT and Internet of Things, or IoT, devices — which is currently experiencing unprecedented economic growth. Using IOTA as an operational standard, each IoT device would be able to transmit data and payment information to other devices connected to the IOTA mainnet.

Timeline of Internet-of-things, Iota