Germany-based IOTA Foundation and the South Carolina-based International Transportation Innovation Center (ITIC) announced on Thursday that they are partnering to build a series of “smart mobility testbeds,” according to a joint announcement from the organizations.
The IOTA Foundation’s unique protocol, the Tangle, has been making waves in the blockchain space as the team seeks to build a distributed ledger free from the challenges faced by traditional blockchain applications.
IOTA, the decentralised Internet of Things tokens, is now going into beta version.
Cryptocurrencies, blockchain and the Internet of Things (IoT) are going to be the future. The IOTA tokens combine the goodness of all the three into one.
Cryptocurrency users were quite surprised to see IOTA become the sixth-largest currency by market cap all of a sudden. For a project successfully completing its ICO in 2015, that is quite surprising, considering the trading markets only opened yesterday.