The Foundation signs agreements to implement smart city projects. This takes into account the Asian and European markets over the coming year.
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A tripartite partnership to create smart cities
IOTA announced on Friday that it has partnered with two innovative companies, Tanglehub and the Observer Foundation. The trio intends to revolutionize the real estate sector in Asia and Europe through the use of smart city technology.
From 2021, Southeast Asia, South Korea and Europe will be at the heart of the project’s development.
According to Holger Köther, partnership director for the IOTA Foundation, the alliance will play a key role in the evolution of smart city design.
Smart city design
The process of digitizing smart cities by integrating IoT (Internet of Things) remains a priority for Tangle cryptocurrency technology. Security data and privacy are at the center of all parties.
TangleHub CEO Dennis Schouten revealed his company’s involvement in IOTA since its inception. He expressed his enthusiasm for the partnership, adding that he believed in the potential synergies. He believes that the project has the competence to develop the necessary digital solutions.
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