Earlier this week, the IOTA Foundation announced it is joining the EU-funded Dig_IT project to use DLT for increasing sustainability in the mining industry. IOTA is the only distributed ledger technology (DLT) provider for Dig_IT.
Dig_IT was launched at the beginning of this month and consists of 16 consortium members. The four-year project has EU Horizon 2020 funding of €7 million($7.6 million) to digitize mining supply chains. It aims to develop an Industrial Internet of Things (IIoT) platform that would connect physical and internet systems to improve efficiency and sustainability.
The project will collect data from IoT sensors at three levels — human (wearable garments), asset, and the environment — and will integrate market and historical data. The focus is on ensuring the quality of data and not the quantity.
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