- The IOTA (MIOTA) foundation has given a recap of their 2018 achievements
- These include getting approval for their smart city and opening the world’s first IOTA-focused charging station
- 2019 will be about “scaling the overall project and reaching production readiness”
Right at the end of 2018, the IOTA foundation released a Medium post that showed their 2018 achievements and preview of what is to come in 2019.
In July, the IOTA foundation held a summit that brought together all members of their team. Since the summit, the team members have increased and are now almost 100 in total.
Social Impact and Government Regulations
2018 saw many blockchain firms get involved in social responsibility acts and IOTA was not left out.
First, they signed a memorandum of understanding with UNOPS. As a result of the memorandum of understanding, the IOTA Foundation will help promote efficiency in UNOPS activities and will also help increase the safety and security of UN workers.
The foundation also did significant work in promoting blockchain technology to various governments, attending over 40 events with various governmental and non-governmental agencies.
IOTA made significant progress with their smart city in 2018.
The OTA and European Smart City Consortium +CityXChange received a green light from the EU Commission and subsequently received over €20 million in funding as well as another €10 million in kind.
The project will be launched under the guidance of the Norwegian University of Science and Technology (NTNU) and will develop new blockchain innovations with 11 large enterprises, 9 SMEs, 3 non-for-profit organizations and 2 universities.
The ENGIE Lab CRIGEN and the IOTA Foundation also signed a Memorandum of Understanding which means that IOTA technology will be tested on ENGIE’s various services and products.
The worlds first charging station where charging and payment are done with IOTA was opened as a collaboration with ElaadNL.
DNB, Scandinavia’s largest bank, has teamed up with IOTA to explore new ways to apply IOTA technology to its goods and services, with special attention being given to MyData and the Data Marketplace set up by the IOTA Foundation.
In 2018, IOTA opened its IOTA hub and also collaborated with Ledger to allow secure access and storage for users.
Among the many developments in 2018, IOTA was able to set up a proper legal framework for its ecosystem.
IOTA also set up a research council designed to help “scale research into the various domains of the IOTA project with external researchers.”
The post ended with thanks to IOTA users, partners, and team members.
According to the post, the focus of 2019 will be to “scaling the overall project and reaching production readiness”