If you thought about an IoT collaboration, a bank might not be the first type of business that springs to mind. However, today the IOTA Foundation announced it is collaborating with DNB ASA, Norway’s largest financial services group.
IOTA is the leading brand for the Internet of Things (IoT) in the blockchain space. Though IOTA is not a blockchain, technically it’s a type of distributed ledger technology (DLT) called a ‘Tangle’ or ‘DAG’. The non-profit is based in Germany and has inked several collaborations across numerous sectors.
It has a top ten cryptocurrency which has a market capitalization of more than $5 billion today. Many blockchains and DLTs are immature. However, feedback to Ledger Insights by people experimenting with IOTA is that it’s more immature than others.
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