Recently, IOTA announced two important partnerships to use its network, Tangle, to drive the development of IoT (internet of things) applications with two major global companies, the Schindler Group and Porsche. In the case of the Schindler Group, Michael Niles and Andrew Greve have been added as Advisers to the IOTA Foundation, which also includes members of Fujitsu, Bosch and Volkswagen.
The Schindler Group manufactures escalators, elevators and treadmills worldwide, and was founded in Switzerland in 1874. The company has a presence in more than 140 countries and has more than 58,000 employees worldwide, with production facilities located Brazil, China, Slovakia, Spain, Switzerland, India and the United States.
"I BELIEVE THAT THE OPEN NATURE OF THE IOTA ECOSYSTEM AND THE COMMUNITY IMPULSE THE REDEFINITION OF THE RELATIONSHIP BETWEEN ORGANIZATION AND COMMUNITY TO NEW LEVELS," SALENTOU MICHAEL NILES.
Already in the case of Porsche, the collaboration will be between IOTA and Porsche Digital Labs that will work together in "Program 4", a project idealized by the Autobahn startup, which provides for the development of an innovation platform for intelligent mobility.
IOTA is known to be the largest crypto in the market to use the DAG instead of the blockchain, in addition the criptomoeda has no fees, is resistant to quantum computation and has no mining, as well as being a volatile asset, as well as other crypto-coins.
Source: www.excelelevator.com