World renowned non-profit blockchain foundation based in Germany, IOTA, has today announced the signing of a Memorandum of Understanding (MoU) with InnoEnergy Scandinavia (InnoEnergy), an innovative firm responsible for sustainable energy across Europe.
The partnership, which was made possible due to the involvement of InnoEnergy in IOTA’s Data Marketplace initiative, according Wilfried Pimenta’s (head of Biz Dev at IOTA) statement on medium, was directed towards advancement of “smart community solutions and business model innovation”.
Due to InnoEnergy’s affiliation with ÖrebroBostäder (ÖBO), a large public building owners that implements a pilot testbed facilities which includes EVe, a part of E-REGIO project, the IOTA- InnoEnergy collaboration will also involve ÖBO.
Supported by EIT, InnoEnergy is an energy producing company that has created milestone as an innovative engine for sustainable energy across Europe.
IOTA-DXC Technology Collaboration.
Before collaborating with InnoEnergy, IOTA has been striding for success this month so that it can rise up to be amongst its contemporary, by creating solution for the populace.
On 19 April 2018, DXC Technology, on its website disclosed that it will “present practical solutions using blockchain technology integral for secure digital transformation services” with IOTA, at Hannover-Messe-Industrie, a chief trade exhibition for industrial technology.
The manufacturing industry leader for DXC Technology in North and Central Europe, Martin Rainer, flagged the presentation as one that will make the world realize that digital security is real.
“According to survey results of the DXC study on digital transformation in Germany, 67 percent of industrial managers in Germany expect smart factory networks to create new security risks that they cannot manage with their own expertise.”
“At the same time, preventing digital security risks ranks as top priority for three-quarters of companies. Yet, most companies don’t know how to professionally secure the new Industry 4.0 networks.”
While acknowledging DXC’s statement, the cofounder of IOTA, Dominik Schiener said that with blockchain, high level of security is assured.
“The blockchain brings important advantages to vital areas of digital transformation. These include the decentralized structure and also the high inherent level of security, plus protection against manipulation.”
“Existing processes will be designed more efficiently and completely new business models will be developed.”
About DXC Technology
DXC Technology (DXC: NYSE) is a top independent end-to-end IT services firm in the world. The IT based company has about 6,000 private and public-sector clients across 70 countries. Among best corporate citizens in the world, DXC Technology is a famous company.