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IOTA Joins Doppler Laboratory Blockchain Technologies As Industrial Partners

IOTA announced that it has joined the Christian Doppler Laboratory Blockchain Technologies for the Internet of Things (CDL-BOT) as industrial partners.

Further more, a Institute for Information Systems Engineering at TU Wien-based research group will provide the necessary information to DLT interoperability.

Dr Margarethe Schramböck, the Federal Minister for Digital and Economic Affairs in Austria, inaugurated the laboratory on Thursday in a ceremony where Co-founder and Co-chair of the IOTA Board of Directors, Dominik Schiener was present.

“With the rising number of potential application areas for DLT-based payments and data exchange in the Internet of Things, new DLTs have to be integrated, and interoperability between different DLTs becomes necessary. I am looking forward to doing joint research with the IOTA Foundation and Pantos in order to find novel solutions to this highly topical topic,” Prof. Stefan Schulte, who is leading the newly established lab remarked.

The laboratory is funded by by the state-backed Christian Doppler Gesellschaft, an Austrian pioneer in facilitating successful cooperation between science and the private sector.

“To bring the industry to the next level, the interoperability of blockchains as well as the integrity of data should be a top priority. We believe that our partnership with the Christian Doppler Gesellschaft, the Austrian Federal Ministry of Digital and Economic Affairs as well as the IOTA Foundation enables us to stay at the forefront of interoperability development in order to solve one of the biggest complexities in this young but steadily maturing industry,” Eric Demuth, Co-Founder and CEO of Bitpanda said.

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