Source: Visual Generation
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- IOTA co-founder David Sønstebø has emphasized the importance of standardization for broad adaptation and explains that “80 percent behind the scenes” is still taking place.
- Also revealed Sønstebø, how IOTA Foundation became a member of the Digital Twin Consortium.
One aspect that is often overlooked in the crypto and blockchain scene by enthusiasts and investors is that the use of distributed ledger technology on a large scale requires standardization so that different companies can exchange data about it. For the future IoT, standards for interoperability and common architectures must be created in order to network intelligent devices, machines, people and processes with one another.
Via Discord, IOTA co-founder David emphasized Sønstebø that without standardization virtually no acceptance on a large scale can be achieved, which is why IOTA strives to become the de facto standard for the Internet of Things (IoT):
A widespread adaptation in real industry is practically impossible without standardization. It is crucial for our strategy to become one.
Sønstebø showed itself in terms of standardization very satisfied. In recent months, the IOTA Foundation, together with the Eclipse Foundation, founded the Tangle EE Working Group and only joined the Digital Twin Consortium, which was founded by the Object Management Group (OMG), Microsoft and Dell Technologies, a few days ago. Regarded in this regard Sønstebø:
Yes, IOTA definitely has a winning streak. ~ 80% are still behind the scenes and will manifest in July-October. I have never been so confident about our team, our development and our vision.
The question as to which collaborations the 80 percent refer to and whether the Digital Twin Consortium is part of it led to the demand Sønstebø further from:
I will neither speculate nor quantify that. The ~ 80% is a phrase that says ‘most of it is still happening behind the scenes’, but you can count it for sure. Just don’t try to calculate any% because the number is a metaphor.
Another community member followed up and asked how the IOTA Foundation became a member of the Digital Twin Consortium and whether the IOTA Foundation paid a sum of money for joining. In this regard, the IOTA co-founder stated that Dr. Richard Soley, who is also executive director of the Digital Twin Consortium and IOTA board member, was a key figure for the admission.
Sure, but we don’t [Geld bezahlt]. This is Richard’s initiative and we were invited in. In our view, all of this is a synergy between OMG, Tangle EE etc.
It is also impressive what has been achieved here. It’s not easy to get these big companies to pay hundreds of thousands to join.
Last updated on May 22, 2020–
