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IOTA and Bitpanda-Backed Pantos Join Efforts to Launch Christian Doppler Laboratory in Austria

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by Daria Rud · 3 min read
IOTA and Bitpanda-Backed Pantos Join Efforts to Launch Christian Doppler Laboratory in Austria
Photo: Shutterstock

The official opening of the Christian Doppler Laboratory took place yesterday, with the Austrian Federal Minister for Digital & Economic Affairs Margarethe Schramböck attending the event.

IOTA, a non-profit organization and creator of the IOTA, IOTA Tangle, and MIOTA, is expanding its focus on the Internet-of-Things (IoT) industry through its blockchain technology. On November 26, IOTA announced a partnership with Bitpanda company Pantos to foster research in distributed ledger technologies and their use in IoT. Within the partnership, the companies have launched a new laboratory. Named the CDL Blockchain Technologies for the Internet of Things (CDL-BOT), it will be housed at the Vienna University of Technology. It will accelerate the everyday use of DLT.

IOTA and Pantos Opened New Laboratory

The official opening of the Christian Doppler Laboratory took place yesterday, with the Austrian Federal Minister for Digital & Economic Affairs Margarethe Schramböck attending the event. According to IOTA and Pantos, the laboratory will run for seven years. Besides, it will be headed by Prof. Stefan Schulte and employ several postdoctoral and doctoral students.

For IOTA, the Christian Doppler Laboratory marks an important step in deepening its academic research about the Tangle. It will also benefit from a partnership with leading European private sector initiatives, which will ensure the relevance of such activities across industries.

IOTA co-founder Dominik Schiener said:

“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.”

As for Pantos, the collaboration will enable it “to stay at the forefront of interoperability development”. It will also “solve one of the biggest complexities in this young but steadily maturing industry”.

IOTA Foundation’s Research into DLT and IoT

IOTA Foundation is a global non-profit foundation that backs the research and development of new distributed ledger technologies. It aims to solve the fundamental blockchain issues like scalability, environmental sustainability, and cost.

The company is a board member of the International Association for Trusted Blockchain Applications. Furthermore, IOTA Foundation is a founding member of the trusted-IoT alliance as well as the mobility open blockchain initiative (MOBI). It promotes blockchain and distributed ledgers in regulatory approaches, the IoT ecosystem, and mobility.

Back in 2018, IOTA partnered with Volkswagen, Bosch, and Fujitsu. The three big multinationals started using its Tangle Technology to automate their products and services. In October, IOTA Foundation announced working with the Japanese government. They launched a project that seeks to transform the country’s industrial infrastructure using IOTA systems. Besides, on November 24, IOTA completed a standardization update to assure interoperability between devices and systems that employ IOTA-based software.

Blockchain News, Business News, Cryptocurrency news, Deals News, Internet of Things News
Daria Rud
Author Daria Rud

Daria is an economic student interested in the development of modern technologies. She is eager to know as much as possible about cryptos as she believes they can change our view on finance and the world in general.

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