The IOTA Foundation will become an industrial partner of the new Christian Doppler Laboratory, Blockchain Technologies for the Internet of Things (IoT). The Laboratory at the Technical University of Vienna was officially opened on Thursday by Austria’s Federal Minister for Digital and Economic Affairs to research distributed ledger technology (DLT) interoperability. Its research project is expected to run for seven years and employ postdoctoral and doctoral students.
IOTA will use the project to expand research on IOTA Tangle and its applications for IoT. The IOTA Tangle is a DLT that aims to solve blockchain shortcomings such as scalability and cost.
DLT interoperability usually refers to how different blockchains or DLTs exchange data and money, so cross-blockchain token transfers and cross-blockchain smart contracts.
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