Blockchain firm IOTA has joined the new Christian Doppler Laboratory, Blockchain Technologies for the Internet of Things (CDL-BOT), as an industrial partner.
According to a blog post, the group will provide research on DLT interoperability, the intersection of DLT with the Internet of Things and developer support offerings.
Austria’s Federal Minister for Digital and Economic Affairs, Dr Margarethe Schramböck, opened the laboratory in a digital ceremony alongside IOTA co-founder Dominik Schiener.
The project is focused on research and is expected to run for seven years and it will employ a number of postdoctoral and doctoral students under the supervision of Prof. Stefan Schulte.
Commenting on CDL-BOT, Schulte said: “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.
Today, a new Christian Doppler Laboratory led by Prof. Stefan Schulte was announced in Vienna with the support of Pantos and @iotatoken.
Austrian Federal Minister for Digital & Economic Affairs Margarethe Schramböck officially opened the laboratory: https://t.co/MSR8eQxS2k
— Pantos (@PantosIO) November 26, 2020
“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.”
The Christian Doppler Laboratory will contribute to the development of products and processes at the IOTA Foundation and Pantos, a subsidiary of Bitpanda.
IOTA’s Dominik Schiener added: “We are honored to be part of this long-term research project and are grateful to the Christian Doppler Gesellschaft and the Austrian Federal Ministry of Digital and Economic Affairs.
“Together with the world-leading academic institution TU Wien and Pantos as a cutting-edge technology provider, we will jointly focus on the interoperable transfer of digital assets and trusted Internet of Things while expanding our footprint in Austria specifically.”
For more news, guides and cryptocurrency analysis, click here.