The American computer giant DELL is joining IOTA in a working group that will explore how the company’s tangle technology can be easily integrated into commercial solutions as we are reading in our IOTA news today.
IOTA and Eclipse Foundation which is the open-source software foundation, announced a few days ago that the new TANGLE EE working group will start working on projects that can help develop a few other use-cases for IOTA and its technology. Tangle is the scalable distributed ledger of the IOTA network that employs a system where the users confirm transactions as they send new ones. More than 15 companies have joined the working group including the American computer giant DELL, the German electronics provider STMictorelectronics and the University of Magdeburg.
The cooperation between IOTA and STMicroelectronics has one focus – the X-CUBE-IOTA1 extension software package for the STM32Cube which represents a middleware solution that enables the functions of the IOTA Distributed Ledger Technology (DLT). Mike Milinkovich who is the executive director of the Eclipse Foundation, commented:
“The Eclipse Foundation will provide a vendor-neutral governance framework for open collaboration, with IOTA’s scalable, feeless, and permissionless DLT as a base. By doing so, we will accelerate the development of new applications built with this transformative technology.”
The co-founder of the IOTA foundation Dominik Scheiner explained that multiple companies reported that they want to see code tested and reviewed before they would do integrate it themselves. By simply enabling through testing of the Tangle, the working group will be a ‘’ major stepping stone’’ for realizing the vision of IOTA. The open-source project will help to boost access to IOTA’s technology according to IOTA co-founder David Sonstebo. The decentralized identities and decentralized marketplaces can easily facilitate real-time trading and decentralized identities will be joining the working group during the initial projects.
Dell believes that the data marketplaces will be increasing by the end of this decade according to Steve Todd who is a fellow at the computer company:
“By 2030, trillions of dollars of data will be exchanged and one of the reasons for joining Tangle is to help our customers move towards that reality.”
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
DC Forecasts - Newsletter and get recent news directly to your inbox! Daily Newsletter Bitcoin NewsAltcoin NewsLitecoin NewsEthereum NewsBlockchain NewsBitcoin ScamsRegulationExpert AnalysisPress ReleasesCardano NewsRipple NewsLibra NewsBitcoin Cash NewsTron NewsNexo NewsVechain NewsStellar NewsTezos NewsBinance Coin NewsCoinbase NewsChainLink NewsEOS NewsIOTA NewsTether NewsBitcoin SV NewsMonero NewsEthereum Classic NewsDash NewsUNUS NewsCosmos NewsMECX Token NewsNEO NewsDC Forecasts Announcements
Daily Newsletter Bitcoin NewsAltcoin NewsLitecoin NewsEthereum NewsBlockchain NewsBitcoin ScamsRegulationExpert AnalysisPress ReleasesCardano NewsRipple NewsLibra NewsBitcoin Cash NewsTron NewsNexo NewsVechain NewsStellar NewsTezos NewsBinance Coin NewsCoinbase NewsChainLink NewsEOS NewsIOTA NewsTether NewsBitcoin SV NewsMonero NewsEthereum Classic NewsDash NewsUNUS NewsCosmos NewsMECX Token NewsNEO NewsDC Forecasts Announcements
DC Forecasts provides a comprehensive source of the latest news about cryptocurrency news daily. Read more on our about us page for details.