Fujitsu Chooses IOTA

A recent post shared by IOTA News has revealed the alliance formed between Japanese IT Equipment and Services Firm, Fujiitsu and proclaimed, permissionless distributed ledger provider, IOTA. The tweet made on Sunday, August 26, also provided a snippet of a Proof-of Concept (PoC), dubbed, Industry 4.0 Audit Trail.

The ultimate goal is to establish an audit trail which will be based off of IOTA. The reason for choosing IOTA as a foundation stems from the fact that it has the ability to support “immutable data storage”.

According to the Program Manager of the efforts being made, Leopold Sternberg, both IOTA and Fujitsu have experience within the information tech (IT) sector, adding that the duo plans to “develop and co-create innovative technology with customers.” Sternberg also shared that “Fujitsu is well-equipped to help roll out IOTA as the new protocol standard.”

As for the benefits that will come out of the alliance, the duo believes that they will be able to provide customers with exceptional transparency, trust in data and data security. Moving forward, room for growth is said to be evident, as projects combining the Fujitsu PalmSecure Palm Vein Pattern Recognition Technology and IOTA Tangle will come into existence. Moreover, efficient interactions will be initiated along open-sourced supply chains.

At the time of writing, IOTA (also the native token), takes the 11th position on CoinMarketCap. It houses a total market capitalization of USD$1.4 billion, trading volume of USD$28 million and a token price of USD$0.53, which has fallen by nearly 900 percent since its all-time high.

Get Free Email Updates!

*Action Required* Enter Your Email for Trending Crypto News & Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \\ Investment Disclaimer

Coin Market Cap Price Change 24 Hour Volume
BTC $164.89B $9,279.6740 1.34% $4.9B
ETH $28.68B $269.0994 1.14% $1.69B
XRP $18.49B $0.4350 1.15% $477.08M
LTC $8.5B $136.3764 1.60% $1.05B
BCH $7.43B $416.1059 0.66% $164.61M
EOS $6.32B $6.8703 0.60% $552.76M
BNB $4.98B $35.2491 1.85% $370.29M
BSV $4.02B $225.3509 1.13% $119.75M
USDT $3.54B $1.0027 0.20% $4.41B
XLM $2.41B $0.1241 -0.59% $59.78M

Get 3 Free Bitcoin eBooks for Limited Time Only

Receive three exclusive user guides detailing a) What is Bitcoin b) How Cryptocurrency Works and c) Top Crypto Exchanges today plus a bonus report on Blockchain distributed ledger technology plus top news insights.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.