IOTA technology will be used in “smart cities”

Verified
4 months ago
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The European Commission is supporting a pilot project to develop “smart cities”. The project is called Horizon 2020, and IOTA and +CityxChange are participating in it. IOTA representatives recently announced this partnership in their blog.

Seven European regions – Trondheim, Limerick, Alba-Julia, Pisek, Sestao, Smolyan and Võru – will begin to integrate digital technologies into their energy-saving systems in January, 2019. At the same time +CityxChange using IOTA technologies will connect different urban devices and appliance.

“The participation of IOTA in the project will strengthen our ties and positions in the market,” IOTA Foundation co-founder David Sønstebø claims.

The European Union allocated 20 million euros for this program. Right now this project involves 20 different companies, three non-profit organizations and two universities.